TLDR
- Clare Market Investments opened a new position in SOFI, buying 35,905 shares worth ~$570,000 in Q1.
- CTO Jeremy Rishel sold 102,123 shares at $17.78 under a pre-arranged tax-related trading plan.
- CEO Anthony Noto bought 15,545 shares at $16.00 in May, adding to his existing position.
- Q1 revenue hit $1.09 billion, up 42.6% year over year, beating estimates; EPS came in at $0.12.
- Analysts rate SOFI a consensus “Hold” with an average price target of $22.56.
SoFi Technologies (SOFI) opened at $18.40 on Tuesday, sitting below its 12-month high of $32.73 but above its 12-month low of $14.92.
Clare Market Investments LLC initiated a new position in SOFI during Q1, picking up 35,905 shares valued at roughly $570,000. It wasn’t alone.
Several other funds also adjusted their positions. Arrowstreet Capital entered with a new stake worth $4.63 million in Q2. Franklin Resources grew its holding by 23.2% in the same period.
Brighton Jones LLC added to an existing position, boosting its stake by 2.0% in Q4. It now holds 719,288 shares valued at around $11.08 million.
Institutional investors collectively own 38.43% of SOFI stock. That’s a meaningful level of professional ownership for a fintech that’s still in growth mode.
Insider Activity Sends Mixed Signals
On the insider front, the picture is a bit of a mixed bag. CTO Jeremy Rishel sold 102,123 shares on June 17th at an average price of $17.78, totaling just over $1.81 million.
That sale was executed under a pre-arranged Rule 10b5-1 plan to cover tax obligations tied to vesting equity awards — not necessarily a bearish signal.
CEO Anthony Noto went the other direction. He bought 15,545 shares on May 11th at $16.00 per share, spending $248,720 out of pocket. He now directly holds over 11.9 million shares, valued at roughly $191 million.
Net insider selling over the past 90 days totals 134,044 shares worth approximately $2.37 million. Insiders hold 2.50% of the company.
SOFI trades at a price-to-earnings ratio of 41.83 with a beta of 2.14, making it a more volatile name. Its 50-day moving average sits at $16.88; the 200-day is at $19.67.
Q1 Earnings Beat Revenue Estimates
SoFi reported Q1 earnings on April 29th. EPS came in at $0.12, matching analyst expectations. Revenue was $1.09 billion, ahead of the $1.05 billion estimate and up 42.6% from the same quarter last year.
A year ago, SOFI posted EPS of just $0.06. The year-over-year earnings growth has been meaningful.
Return on equity stands at 6.25%, with a net margin of 14.65%. Management has set FY2026 EPS guidance at $0.60. Analysts as a group are projecting $0.59 EPS for the full year.
On the analyst side, seven firms rate SOFI a Buy, eleven say Hold, and three have a Sell. The average price target is $22.56.
Needham cut its target from $33.00 to $25.00 on April 30th but kept a Buy rating. Deutsche Bank held its $18.00 target with a Hold. UBS trimmed its target from $24.50 to $21.00, rating it Neutral.
Argus started coverage in April with a Hold. Weiss Ratings downgraded SOFI from “hold (c)” to “hold (c-)” on May 26th.
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