Jupiter Topco LLC Purchases Shares of 89,200 SoFi Technologies, Inc. $SOFI

Jupiter Topco LLC purchased a new position in SoFi Technologies, Inc. (NASDAQ:SOFI) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 89,200 shares of the company’s stock, valued at approximately $1,599,000.

Several other hedge funds and other institutional investors have also made changes to their positions in SOFI. BlackRock Inc. bought a new stake in shares of SoFi Technologies in the second quarter worth about $1,298,925,000. State Street Corp boosted its stake in SoFi Technologies by 6.7% during the fourth quarter. State Street Corp now owns 25,937,928 shares of the company’s stock valued at $679,055,000 after buying an additional 1,637,430 shares during the last quarter. Geode Capital Management LLC grew its holdings in SoFi Technologies by 9.0% during the 4th quarter. Geode Capital Management LLC now owns 23,642,936 shares of the company’s stock valued at $618,395,000 after buying an additional 1,951,248 shares in the last quarter. Morgan Stanley increased its stake in SoFi Technologies by 33.6% in the 4th quarter. Morgan Stanley now owns 13,323,366 shares of the company’s stock worth $348,806,000 after acquiring an additional 3,350,258 shares during the last quarter. Finally, Norges Bank purchased a new stake in shares of SoFi Technologies during the 4th quarter worth approximately $321,515,000. Institutional investors own 38.43% of the company’s stock.

SoFi Technologies Stock Down 1.6%

Shares of NASDAQ:SOFI opened at $18.22 on Friday. The firm has a market capitalization of $23.53 billion, a PE ratio of 37.96, a price-to-earnings-growth ratio of 1.52 and a beta of 2.20. The business has a 50 day simple moving average of $17.89 and a two-hundred day simple moving average of $17.48. SoFi Technologies, Inc. has a 1 year low of $14.88 and a 1 year high of $32.73. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.74 and a quick ratio of 0.10.

SoFi Technologies (NASDAQ:SOFI) last issued its quarterly earnings results on Wednesday, July 29th. The company reported $0.12 earnings per share for the quarter, topping the consensus estimate of $0.11 by $0.01. SoFi Technologies had a return on equity of 6.22% and a net margin of 14.78%.The firm had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.11 billion. During the same period in the prior year, the business posted $0.08 earnings per share. The company’s revenue for the quarter was up 42.5% on a year-over-year basis. SoFi Technologies has set its FY 2026 guidance at 0.600-0.600 EPS. On average, equities analysts predict that SoFi Technologies, Inc. will post 0.61 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Wells Fargo & Company lowered their target price on SoFi Technologies from $18.00 to $17.00 and set an “equal weight” rating for the company in a research report on Thursday, July 30th. Piper Sandler started coverage on shares of SoFi Technologies in a research note on Monday, August 17th. They set an “overweight” rating and a $22.00 price target on the stock. Mizuho lowered their price objective on shares of SoFi Technologies from $29.00 to $22.00 and set an “outperform” rating for the company in a research report on Friday, July 31st. Weiss Ratings raised shares of SoFi Technologies from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday, August 11th. Finally, Morgan Stanley reduced their target price on shares of SoFi Technologies from $16.00 to $15.00 and set an “underweight” rating on the stock in a report on Thursday, July 30th. Nine analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, SoFi Technologies currently has an average rating of “Hold” and an average target price of $22.55.

Key Headlines Impacting SoFi Technologies

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

• Positive Sentiment: Payward/Kraken partnership expands SoFi’s digital-asset infrastructure. Payward, the parent of Kraken, will connect to SoFi’s Big Business Banking capabilities and SoFi Exchange Network, use Kraken Prime for crypto liquidity, and gain access to 24/7 U.S.-dollar settlement. The agreement also makes SoFiUSD available on Kraken, potentially increasing stablecoin adoption, transaction activity, and fee opportunities. SoFi integrates Payward into real-time settlement network
• Positive Sentiment: Scotiabank initiated coverage with a Sector Outperform rating and a $25 price target. The target implies meaningful upside from recent trading levels and provides fresh institutional support for SoFi’s growth strategy. Scotiabank initiates coverage
• Positive Sentiment: Analysts and bullish commentary continue to point to record revenue, member growth, improving cross-selling, and a long-term opportunity for SoFiUSD and digital financial services. SoFi price prediction
• Neutral Sentiment: The Kraken deal is strategically significant but its financial impact is uncertain. SoFi must convert expanded stablecoin access, settlement volume, and crypto liquidity into recurring revenue while managing regulatory and digital-asset risks. SoFi-Kraken partnership
• Negative Sentiment: Valuation remains a concern. Despite strong long-term returns and recent operating growth, some analysis suggests SOFI is expensive relative to intrinsic value and may already price in substantial future success. This valuation debate likely contributed to pressure on the shares. SoFi stock valuation analysis

Insiders Place Their Bets

In other SoFi Technologies news, CTO Jeremy Rishel sold 102,123 shares of the stock in a transaction on Wednesday, June 17th. The stock was sold at an average price of $17.78, for a total value of $1,815,746.94. Following the sale, the chief technology officer owned 895,089 shares in the company, valued at $15,914,682.42. This trade represents a 10.24% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at 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. Also, EVP Kelli Keough sold 11,286 shares of SoFi Technologies stock in a transaction on Thursday, August 20th. The stock was sold at an average price of $18.00, for a total value of $203,148.00. Following the sale, the executive vice president owned 356,442 shares of the company’s stock, valued at approximately $6,415,956. This trade represents a 3.07% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 136,505 shares of company stock worth $2,418,096. Insiders own 2.50% of the company’s stock.

SoFi Technologies 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.