Stock Traders Purchase High Volume of Call Options on SoFi Technologies (NASDAQ:SOFI)

SoFi Technologies, Inc. (NASDAQ:SOFI) was the target of some unusual options trading activity on Friday. Traders purchased 523,615 call options on the stock. This represents an increase of 36% compared to the average daily volume of 384,785 call options.

Insider Buying and Selling

In other SoFi Technologies news, EVP Kelli Keough sold 10,954 shares of the stock in a transaction on Monday, July 20th. The stock was sold at an average price of $17.19, for a total transaction of $188,299.26. Following the completion of the transaction, the executive vice president directly owned 367,728 shares of the company’s stock, valued at approximately $6,321,244.32. This trade represents a 2.89% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CTO Jeremy Rishel sold 102,123 shares of SoFi Technologies stock in a transaction on 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 transaction, the chief technology officer owned 895,089 shares in the company, valued at approximately $15,914,682.42. This trade represents a 10.24% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 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. Insiders have sold 125,219 shares of company stock worth $2,214,948 in the last quarter. Company insiders own 2.50% of the company’s stock.

Institutional Trading of SoFi Technologies

A number of hedge funds have recently bought and sold shares of the company. BlackRock Inc. purchased a new stake in shares of SoFi Technologies in the second quarter valued at $1,298,925,000. Norges Bank acquired a new stake in shares of SoFi Technologies in the fourth quarter worth $321,515,000. Bank of America Corp DE purchased a new position in shares of SoFi Technologies during the second quarter valued at $163,808,000. State Street Corp raised its position in SoFi Technologies by 30.7% during the third quarter. State Street Corp now owns 24,300,498 shares of the company’s stock valued at $642,019,000 after buying an additional 5,708,053 shares during the period. Finally, Marshall Wace LLP raised its position in SoFi Technologies by 372.9% during the fourth quarter. Marshall Wace LLP now owns 6,650,744 shares of the company’s stock valued at $174,116,000 after buying an additional 5,244,291 shares during the period. 38.43% of the stock is owned by hedge funds and other institutional investors.

SoFi Technologies Price Performance

Shares of SOFI traded up $0.99 during trading hours on Friday, hitting $18.91. 62,045,782 shares of the company were exchanged, compared to its average volume of 68,812,930. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.74 and a quick ratio of 0.10. The company has a market capitalization of $24.42 billion, a PE ratio of 39.40 and a beta of 2.17. The firm has a fifty day simple moving average of $17.68 and a 200-day simple moving average of $17.64. SoFi Technologies has a one year low of $14.88 and a one year high of $32.73.

SoFi Technologies (NASDAQ:SOFI) last announced its earnings results on Wednesday, July 29th. The company reported $0.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.11 by $0.01. SoFi Technologies had a return on equity of 6.22% and a net margin of 14.78%.The company had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.11 billion. During the same period in the previous year, the firm earned $0.08 earnings per share. SoFi Technologies’s revenue for the quarter was up 42.5% compared to the same quarter last year. SoFi Technologies has set its FY 2026 guidance at 0.600-0.600 EPS. As a group, sell-side analysts predict that SoFi Technologies will post 0.61 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on SOFI. Wells Fargo & Company decreased their target price on SoFi Technologies from $18.00 to $17.00 and set an “equal weight” rating for the company in a research note on Thursday, July 30th. Morgan Stanley cut their price target on shares of SoFi Technologies from $16.00 to $15.00 and set an “underweight” rating for the company in a report on Thursday, July 30th. UBS Group reduced their price objective on shares of SoFi Technologies from $24.50 to $21.00 and set a “neutral” rating for the company in a research report on Thursday, April 30th. Citigroup lowered their price objective on shares of SoFi Technologies from $37.00 to $30.00 and set a “buy” rating on the stock in a research note on Monday, May 4th. Finally, Needham & Company LLC dropped their target price on shares of SoFi Technologies from $25.00 to $24.00 and set a “buy” rating on the stock in a report on Thursday, July 30th. Eight equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $22.42.

About SoFi Technologies

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.