SoFi slips as recent rally cools and insider-sale filings weigh on sentiment

SoFi Technologies (SOFI) is down 3.7% today. Here is some analysis on what might have caused this price movement.

Analysis: The pullback appears tied to profit-taking after last week’s rally on SoFi’s stablecoin payments rollout, with recent insider-sale filings adding a modest overhang. There does not appear to be a major new negative company announcement today, so the move may also reflect a weaker tone for rate-sensitive financial stocks as bond yields stayed elevated.

Details:

SoFi announced on September 22 that SoFi Bank went live with stablecoin settlement across Mastercard’s global payments network, a launch that had lifted the stock earlier in the week.

The company said the rollout covers its debit and credit card program and migrates its roughly $25 billion card program to settlement using SoFiUSD, making the prior rally news-driven.

A Form 144 filed on September 15 and a Form 4 filed on September 16 showed planned or completed insider-related stock sales, which can weigh on short-term sentiment even when they are routine.

SoFi’s investor relations page does not show a fresh negative press release today, which suggests the decline could be because traders are giving back some of the recent gains rather than reacting to a new operating setback.

Sources:

SoFi Investor Relations, SEC, Charles Schwab

Disclaimer: This price movement analysis was generated with the help of AI. Please double-check the information provided for mistakes.

$SOFI Insider Trading Activity

$SOFI insiders have traded $SOFI stock on the open market 10 times in the past 6 months. Of those trades, 1 have been purchases and 9 have been sales.

Here’s a breakdown of recent trading of $SOFI stock by insiders over the last 6 months:

JEREMY RISHEL (Chief Technology Officer) has made 0 purchases and 2 sales selling 120,747 shares for an estimated $2,141,666.
KELLI KEOUGH (EVP, GBUL, SIPS) has made 0 purchases and 6 sales selling 63,176 shares for an estimated $1,098,315.
ANTHONY NOTO (Chief Executive Officer) purchased 13,888 shares for an estimated $250,786
ROBERT S LAVET (General Counsel) sold 1,188 shares for an estimated $20,844

To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.

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$SOFI Hedge Fund Activity

We have seen 513 institutional investors add shares of $SOFI stock to their portfolio, and 536 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

D. E. SHAW & CO., INC. removed 24,045,850 shares (-62.1%) from their portfolio in Q2 2026, for an estimated $431,142,090
GOLDMAN SACHS GROUP INC added 22,675,109 shares (+180.9%) to their portfolio in Q2 2026, for an estimated $406,564,704
QUBE RESEARCH & TECHNOLOGIES LTD removed 16,799,087 shares (-100.0%) from their portfolio in Q2 2026, for an estimated $301,207,629
JANE STREET GROUP, LLC removed 16,542,013 shares (-91.8%) from their portfolio in Q2 2026, for an estimated $296,598,293
SIXTH STREET PARTNERS MANAGEMENT COMPANY, L.P. added 7,280,268 shares (+inf%) to their portfolio in Q2 2026, for an estimated $130,535,205
SUSQUEHANNA INTERNATIONAL GROUP, LLP added 5,466,002 shares (+114.6%) to their portfolio in Q2 2026, for an estimated $98,005,415
DEFIANCE ETFS, LLC removed 5,353,132 shares (-100.0%) from their portfolio in Q2 2026, for an estimated $95,981,656

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.

$SOFI Price Targets

Multiple analysts have issued price targets for $SOFI recently. We have seen 10 analysts offer price targets for $SOFI in the last 6 months, with a median target of $19.5.

Here are some recent targets:

Michael Ng from Goldman Sachs set a target price of $21.0 on 07/09/2026
Matthew Coad from Truist Securities set a target price of $17.0 on 05/12/2026
Peter Christiansen from Citigroup set a target price of $30.0 on 05/04/2026
Kyle Peterson from Needham set a target price of $25.0 on 04/30/2026
Kyle Joseph from Stephens & Co. set a target price of $25.0 on 04/30/2026
Moshe Orenbuch from TD Cowen set a target price of $18.0 on 04/30/2026
Tim Chiodo from UBS set a target price of $21.0 on 04/30/2026

This article is not financial advice. See Quiver Quantitative's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.