Bienville Capital Management LLC Acquires Shares of 1,527,406 SoFi Technologies, Inc. $SOFI

Bienville Capital Management LLC bought a new stake in SoFi Technologies, Inc. (NASDAQ:SOFI) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 1,527,406 shares of the company’s stock, valued at approximately $27,386,000. SoFi Technologies accounts for about 3.7% of Bienville Capital Management LLC’s portfolio, making the stock its 8th biggest position. Bienville Capital Management LLC owned about 0.12% of SoFi Technologies at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. BlackRock Inc. bought a new position in SoFi Technologies during the 2nd quarter valued at about $1,298,925,000. California State Teachers Retirement System lifted its stake in SoFi Technologies by 1,603.2% in the second quarter. California State Teachers Retirement System now owns 31,201,069 shares of the company’s stock worth $559,435,000 after purchasing an additional 29,369,164 shares during the last quarter. Norges Bank purchased a new position in shares of SoFi Technologies during the fourth quarter valued at approximately $321,515,000. Bank of America Corp DE purchased a new position in shares of SoFi Technologies during the second quarter valued at approximately $163,808,000. Finally, State Street Corp grew its stake in shares of 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 last quarter. Institutional investors own 38.43% of the company’s stock.

Insider Activity

In related news, CTO Jeremy Rishel sold 102,123 shares of SoFi Technologies stock in a transaction that occurred on Wednesday, June 17th. The shares were sold at an average price of $17.78, for a total transaction of $1,815,746.94. Following the transaction, the chief technology officer directly owned 895,089 shares of the company’s stock, valued at $15,914,682.42. This trade represents a 10.24% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 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 the business’s stock in a transaction that occurred on Thursday, August 20th. The stock was sold at an average price of $18.00, for a total transaction of $203,148.00. Following the completion of the transaction, the executive vice president directly owned 356,442 shares of the company’s stock, valued at $6,415,956. This trade represents a 3.07% decrease in their position. 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. In the last 90 days, insiders sold 136,505 shares of company stock valued at $2,418,096. Company insiders own 2.50% of the company’s stock.

Key SoFi Technologies News

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

• Positive Sentiment: SoFi’s partnership with Payward, the parent company of Kraken, is intended to connect SoFi’s banking infrastructure with digital-asset markets. The arrangement could expand payment, settlement and stablecoin-related activity, although investors have not yet assigned significant value to the opportunity. SoFi, Payward Team up to Connect Banking and Crypto Markets
• Positive Sentiment: Several commentators remain constructive on the long-term outlook. One analyst rated SoFi a Strong Buy with a $23 price target, citing lending growth, its Loan Platform Business, cross-selling, SoFi Plus and expanding technology-platform revenue. Jim Cramer also reiterated that he has been a longtime believer in the company. SoFi Technologies: Growth Is Doing The Heavy Lifting
• Neutral Sentiment: A trade-alert article presents an options strategy based on the possibility of a rebound. This is market positioning rather than a change to SoFi’s earnings outlook and may contribute to short-term volatility. SOFI trade alert
• Negative Sentiment: The stock declined despite the Kraken-related announcement and S&P 500 inclusion speculation, suggesting investors may be taking profits and demanding more tangible financial results before bidding the shares higher. Broader weakness in fintech also pressured sentiment, while SoFi’s elevated growth-stock valuation leaves it sensitive to risk reduction. SoFi Dips Despite Kraken Tie-Up
• Negative Sentiment: Chime’s planned acquisition of Stride Bank highlights intensifying competition among digital banks seeking lower funding costs and greater control over banking infrastructure. The deal is not a direct SoFi development, but it reinforces the need for SoFi to continue executing on its bank-charter and cross-selling advantages. Chime Finds Its Stride in a $590M Deal

Analyst Ratings Changes

SOFI has been the topic of several recent analyst reports. Truist Financial increased their price target on SoFi Technologies from $18.00 to $19.00 and gave the stock a “hold” rating in a report on Wednesday, August 12th. Piper Sandler began coverage on SoFi Technologies in a research note on Monday, August 17th. They issued an “overweight” rating and a $22.00 target price on the stock. Morgan Stanley decreased their target price on SoFi Technologies from $16.00 to $15.00 and set an “underweight” rating for the company in a research report on Thursday, July 30th. Wells Fargo & Company lowered their target price on shares of 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. Finally, 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. Nine equities research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, SoFi Technologies has an average rating of “Hold” and a consensus price target of $22.52.

SoFi Technologies Price Performance

Shares of SOFI stock opened at $17.33 on Thursday. SoFi Technologies, Inc. has a twelve month low of $14.88 and a twelve month high of $32.73. The stock has a market capitalization of $22.38 billion, a price-to-earnings ratio of 36.10, a P/E/G ratio of 1.48 and a beta of 2.20. The stock has a fifty day simple moving average of $17.87 and a two-hundred day simple moving average of $17.43. The company has a current ratio of 0.74, a quick ratio of 0.10 and a debt-to-equity ratio of 0.30.

SoFi Technologies (NASDAQ:SOFI) last announced its quarterly earnings results on Wednesday, July 29th. The company reported $0.12 EPS for the quarter, beating 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 analyst estimates of $1.11 billion. During the same quarter last year, the firm posted $0.08 earnings per share. The business’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, analysts predict that SoFi Technologies, Inc. will post 0.61 EPS for the current fiscal year.

SoFi Technologies Company Profile

SoFi Technologies, Inc is a financial technology company that provides digital financial services to consumers in the United States. The company began in 2011 as a platform focused on student loan refinancing and has expanded into a broader range of lending, banking and investment products.

Through its SoFi platform, the company offers personal loans, student loans, home loans, checking and savings accounts, credit cards, brokerage and investing services, and financial planning tools. Its products are primarily delivered through digital channels, including its website and mobile applications.

SoFi also operates a technology platform business through Galileo Financial Technologies and Technisys, which provide payment, account-management and other financial infrastructure to banks, fintech companies and other businesses.