State of New Jersey Common Pension Fund D Purchases 35,521 Shares of SoFi Technologies, Inc. $SOFI

State of New Jersey Common Pension Fund D raised its position in shares of SoFi Technologies, Inc. (NASDAQ:SOFI) by 10.0% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 392,329 shares of the company’s stock after purchasing an additional 35,521 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in SoFi Technologies were worth $10,365,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of SOFI. Salomon & Ludwin LLC purchased a new position in shares of SoFi Technologies during the 3rd quarter valued at $29,000. SJS Investment Consulting Inc. lifted its position in shares of SoFi Technologies by 840.3% in the third quarter. SJS Investment Consulting Inc. now owns 1,119 shares of the company’s stock valued at $30,000 after acquiring an additional 1,000 shares in the last quarter. Blume Capital Management Inc. boosted its stake in shares of SoFi Technologies by 52.9% in the third quarter. Blume Capital Management Inc. now owns 1,300 shares of the company’s stock worth $34,000 after acquiring an additional 450 shares during the period. Assetmark Inc. boosted its stake in shares of SoFi Technologies by 50.5% in the third quarter. Assetmark Inc. now owns 1,273 shares of the company’s stock worth $34,000 after acquiring an additional 427 shares during the period. Finally, Bessemer Group Inc. purchased a new stake in shares of SoFi Technologies during the third quarter worth about $36,000. 38.43% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at SoFi Technologies

In related news, insider Arun Pinto sold 46,132 shares of SoFi Technologies stock in a transaction dated Friday, November 21st. The shares were sold at an average price of $24.76, for a total transaction of $1,142,228.32. Following the completion of the sale, the insider owned 138,396 shares in the company, valued at $3,426,684.96. This trade represents a 25.00% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CTO Jeremy Rishel sold 91,837 shares of the company’s stock in a transaction dated Wednesday, December 17th. The stock was sold at an average price of $26.64, for a total transaction of $2,446,537.68. Following the completion of the transaction, the chief technology officer owned 794,598 shares in the company, valued at $21,168,090.72. This represents a 10.36% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 261,470 shares of company stock valued at $6,276,524. Company insiders own 2.60% of the company’s stock.

SoFi Technologies Trading Down 0.5%

SOFI opened at $19.51 on Wednesday. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.16 and a current ratio of 0.80. The stock’s 50 day moving average price is $25.04 and its 200-day moving average price is $26.25. SoFi Technologies, Inc. has a one year low of $8.60 and a one year high of $32.73. The stock has a market cap of $23.53 billion, a price-to-earnings ratio of 51.34 and a beta of 2.13.

SoFi Technologies (NASDAQ:SOFI) last posted its quarterly earnings data on Friday, January 30th. The company reported $0.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.12 by $0.01. The company had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $984.75 million. SoFi Technologies had a return on equity of 6.48% and a net margin of 13.34%.SoFi Technologies’s revenue was up 39.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.05 EPS. SoFi Technologies has set its Q1 2026 guidance at 0.120- EPS and its FY 2026 guidance at 0.600- EPS. On average, equities analysts forecast that SoFi Technologies, Inc. will post 0.26 EPS for the current year.

Analyst Ratings Changes

SOFI has been the subject of several recent analyst reports. Barclays upped their price target on SoFi Technologies from $23.00 to $28.00 and gave the stock an “equal weight” rating in a research note on Tuesday, January 6th. Citizens Jmp upgraded shares of SoFi Technologies from a “market perform” rating to an “outperform” rating and set a $30.00 target price for the company in a research report on Monday, February 9th. Mizuho set a $38.00 price target on shares of SoFi Technologies in a report on Thursday, October 30th. Needham & Company LLC decreased their price target on shares of SoFi Technologies from $36.00 to $33.00 and set a “buy” rating on the stock in a research note on Monday, February 2nd. Finally, Citigroup raised their price objective on SoFi Technologies from $28.00 to $37.00 and gave the company a “buy” rating in a research report on Wednesday, October 29th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, eight have given a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat.com, SoFi Technologies has a consensus rating of “Hold” and a consensus price target of $26.78.

SoFi Technologies Company Profile

SoFi Technologies, Inc (NASDAQ: SOFI) is a diversified financial services company that provides consumer-focused lending, banking, investing and financial technology products. The company’s core offerings include student loan refinancing and private student loans, personal loans, mortgage lending, and credit card products. In addition to credit and lending, SoFi operates consumer-facing deposit and cash management accounts, an investing and trading platform, and an insurance marketplace through partner relationships, all designed to serve individuals seeking an integrated digital financial experience.

SoFi has grown beyond direct-to-consumer lending by building technology and infrastructure capabilities.