SoFi Technologies (NASDAQ:SOFI) CTO Jeremy Rishel Sells 102,123 Shares of Stock

SoFi Technologies, Inc. (NASDAQ:SOFI) CTO Jeremy Rishel sold 102,123 shares of the business’s stock in a transaction dated Wednesday, June 17th. The shares were sold at an average price of $17.78, for a total value of $1,815,746.94. Following the completion of the sale, the chief technology officer directly owned 895,089 shares of the company’s stock, valued at $15,914,682.42. The trade was a 10.24% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

SoFi Technologies Stock Down 1.6%

SOFI stock opened at $17.42 on Thursday. The stock’s 50 day simple moving average is $16.90 and its 200 day simple moving average is $20.59. The company has a market cap of $22.35 billion, a P/E ratio of 39.59 and a beta of 2.14. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.13 and a current ratio of 0.75. SoFi Technologies, Inc. has a fifty-two week low of $14.36 and a fifty-two week high of $32.73.

SoFi Technologies (NASDAQ:SOFI) last announced its quarterly earnings data on Wednesday, April 29th. The company reported $0.12 EPS for the quarter, meeting analysts’ consensus estimates of $0.12. SoFi Technologies had a return on equity of 6.25% and a net margin of 14.65%.The firm had revenue of $1.09 billion during the quarter, compared to analysts’ expectations of $1.05 billion. During the same quarter last year, the firm posted $0.06 earnings per share. The company’s revenue for the quarter was up 42.6% compared to the same quarter last year. SoFi Technologies has set its FY 2026 guidance at 0.600- EPS. On average, research analysts expect that SoFi Technologies, Inc. will post 0.59 earnings per share for the current fiscal year.

Key Stories Impacting SoFi Technologies

Here are the key news stories impacting SoFi Technologies this week:

• Positive Sentiment: CEO Anthony Noto bought shares again, extending his 2026 buying streak and signaling confidence from leadership. SoFi CEO Buys Shares for the Fifth Time This Year
• Positive Sentiment: SoFi helped retail investors access SpaceX IPO shares, reinforcing its effort to expand its investing platform and attract more users. SoFi (SOFI) Opened SpaceX IPO Access To Retail Investors Through Its Platform
• Positive Sentiment: Analysts and commentators highlighted SoFi’s strong revenue growth, profitability, and improving customer cross-buy trends, which support the long-term thesis. SoFi’s Productivity Loop Strengthens Customer Relationships
• Neutral Sentiment: Recent coverage said SoFi may be bottoming after a steep valuation reset, but the stock is still well below its peak and remains volatile. SoFi stock shows bottoming signs after suffering a $17 billion wipeout
• Neutral Sentiment: SoFi’s CTO sold shares, but the filing says the trade was part of a pre-arranged 10b5-1 plan and for tax withholding, which usually limits its negative signal. SEC filing for Jeremy Rishel transaction
• Negative Sentiment: The stock fell more than the broader market in the latest session, reflecting ongoing investor caution around the name. SoFi Technologies, Inc. (SOFI) Falls More Steeply Than Broader Market: What Investors Need to Know
• Negative Sentiment: Longer-term sentiment remains weak after a sharp selloff, with investors still focused on SoFi’s reduced valuation versus its prior highs. How SoFi Went From Fintech Darling To Wall Street Pariah

Wall Street Analyst Weigh In

Several research analysts have weighed in on SOFI shares. Morgan Stanley set a $16.00 price objective on shares of SoFi Technologies in a report on Thursday, April 30th. Argus assumed coverage on shares of SoFi Technologies in a report on Wednesday, April 15th. They set a “hold” rating for the company. Barclays decreased their target price on shares of SoFi Technologies from $28.00 to $18.00 and set an “equal weight” rating for the company in a research report on Monday, April 6th. Keefe, Bruyette & Woods dropped their price target on shares of SoFi Technologies from $20.00 to $17.00 and set an “underperform” rating on the stock in a research report on Thursday, April 9th. Finally, Stephens cut their price target on SoFi Technologies from $26.00 to $25.00 and set an “overweight” rating for the company in a research note on Thursday, April 30th. Seven investment analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, SoFi Technologies presently has an average rating of “Hold” and an average target price of $22.56.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Valley Wealth Managers Inc. bought a new stake in shares of SoFi Technologies during the 4th quarter worth $25,000. Vermillion Wealth Management Inc. increased its holdings in SoFi Technologies by 283.1% during the fourth quarter. Vermillion Wealth Management Inc. now owns 1,000 shares of the company’s stock worth $26,000 after buying an additional 739 shares during the last quarter. Blue Trust Inc. raised its position in SoFi Technologies by 655.2% in the fourth quarter. Blue Trust Inc. now owns 1,012 shares of the company’s stock worth $26,000 after acquiring an additional 878 shares during the period. Reflection Asset Management bought a new stake in SoFi Technologies in the fourth quarter worth about $28,000. Finally, Central Pacific Bank Trust Division purchased a new position in SoFi Technologies in the fourth quarter valued at about $28,000. Institutional investors own 38.43% of the company’s stock.

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.