Key Takeaways
- Anthony Noto acquired approximately $250,000 in SOFI shares on May 8, paying $15.73 per share
- Noto has now made three separate insider purchases in 2026, totaling more than $2 million in personal capital
- Shares of SOFI have declined approximately 40% since January, trading at $15.75 as of Monday’s open
- First quarter results exceeded revenue projections ($1.09B actual vs $1.05B forecast), though annual outlook remained static
- Wall Street maintains a Hold consensus rating with a mean price objective of $22.72, suggesting potential gains of roughly 44%
SoFi Technologies CEO Anthony Noto executed another significant insider purchase on May 8, acquiring 15,878 shares at a volume-weighted average of $15.73 per share, totaling approximately $250,000.
This transaction represents Noto’s third direct stock acquisition of 2026, elevating his cumulative personal investment beyond the $2 million threshold. His direct ownership position now stands at nearly 11.93 million shares.
The purchase followed closely on the heels of SoFi’s first-quarter financial disclosure, which delivered mixed signals to the market. While the fintech company reported $1.09 billion in quarterly revenue—surpassing Wall Street’s $1.05 billion estimate—and met earnings per share projections at $0.12, investor reaction was muted.
The revenue figure represented a substantial 42.6% increase compared to the same period last year. The company’s EPS also doubled from $0.06 in the prior-year quarter.
However, the market response was decidedly negative. Shareholders reacted unfavorably to management’s decision to maintain existing full-year projections without revision and expressed concern over management’s measured outlook regarding the consumer lending environment.
SOFI stock began Monday’s session at $15.75—representing a steep decline of approximately 40% for the calendar year. The stock reached its 52-week peak at $32.73.
Wall Street Adjusts Price Expectations Post-Earnings
Numerous research firms recalibrated their valuation estimates following the quarterly report. TD Cowen reduced its price objective from $24 down to $18 while keeping a neutral Hold stance. Needham decreased its target from $33 to $25 but retained its bullish Buy recommendation. Truist made a modest adjustment from $21 to $20, also maintaining a Hold rating.
Keefe, Bruyette & Woods carries an Underperform rating with an $17 price target.
Aggregate Wall Street sentiment remains neutral at Hold, comprising seven Buy ratings, eleven Hold recommendations, and three Sell opinions. MarketBeat’s compiled data shows an average analyst price target of $22.72.
Institutional Investment Continues
Executive buying isn’t the only notable accumulation activity. ASR Vermogensbeheer N.V. established a fresh position during the fourth quarter, purchasing 38,206 shares valued at approximately $1 million.
Vanguard Group expanded its holdings by 3.6% in Q4, bringing its total position to over 111 million shares worth roughly $2.9 billion. State Street Corporation increased its stake by 30.7% during the third quarter.
Institutional investors collectively control 38.43% of outstanding SOFI shares.
Aggregate meaningful insider purchases over the past ninety days have reached $1.3 million, resulting in SOFI receiving a “Positive” insider sentiment classification from TipRanks.
Conversely, CTO Jeremy Rishel divested 94,958 shares in March at $17.43 per share, while EVP Kelli Keough sold 9,742 shares in April at $19.25 through a predetermined 10b5-1 trading arrangement.
SoFi has issued fiscal 2026 EPS guidance of $0.60. Analyst consensus estimates project $0.59 for the complete fiscal year.
The stock’s 50-day simple moving average currently registers at $17.44. The 200-day moving average stands at $23.09.
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