Renaissance Technologies LLC Makes New Investment in SoFi Technologies, Inc. $SOFI

Posted by Francis Steltz on Jul 28th, 2026

Renaissance Technologies LLC acquired a new stake in SoFi Technologies, Inc. (NASDAQ:SOFI – Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 2,317,400 shares of the company’s stock, valued at approximately $36,800,000.

Other hedge funds have also modified their holdings of the company. Vanguard Group Inc. increased its holdings in shares of SoFi Technologies by 3.6% in the 4th quarter. Vanguard Group Inc. now owns 111,003,107 shares of the company’s stock valued at $2,906,061,000 after acquiring an additional 3,900,895 shares during the period. State Street Corp boosted its stake in SoFi Technologies by 6.7% during the 4th quarter. State Street Corp now owns 25,937,928 shares of the company’s stock worth $679,055,000 after purchasing an additional 1,637,430 shares during the period. Geode Capital Management LLC boosted its stake 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 worth $618,395,000 after purchasing an additional 1,951,248 shares during the period. Morgan Stanley grew its position in SoFi Technologies by 33.6% during the 4th quarter. Morgan Stanley now owns 13,323,366 shares of the company’s stock worth $348,806,000 after purchasing an additional 3,350,258 shares during the last quarter. Finally, Norges Bank purchased a new position in SoFi Technologies during the 4th quarter worth $321,515,000. 38.43% of the stock is currently owned by hedge funds and other institutional investors.

SoFi Technologies Stock Performance

Shares of SOFI opened at $16.88 on Tuesday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.13 and a current ratio of 0.75. The stock has a market capitalization of $21.65 billion, a P/E ratio of 38.36 and a beta of 2.14. The company’s fifty day moving average is $17.24 and its two-hundred day moving average is $18.68. SoFi Technologies, Inc. has a 1 year low of $14.92 and a 1 year high of $32.73.

SoFi Technologies (NASDAQ:SOFI – Get Free Report) last released its earnings results on Wednesday, April 29th. The company reported $0.12 EPS for the quarter, hitting the consensus estimate of $0.12. SoFi Technologies had a net margin of 14.65% and a return on equity of 6.25%. The company had revenue of $1.09 billion during the quarter, compared to analysts’ expectations of $1.05 billion. During the same quarter last year, the business earned $0.06 EPS. The business’s revenue was up 42.6% on a year-over-year basis. SoFi Technologies has set its FY 2026 guidance at 0.600- EPS. On average, sell-side analysts predict that SoFi Technologies, Inc. will post 0.59 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on SOFI. Argus initiated coverage on shares of SoFi Technologies in a report on Wednesday, April 15th. They issued a “hold” rating for the company. Morgan Stanley set a $16.00 price target on SoFi Technologies in a report on Thursday, April 30th. Barclays dropped their price target on SoFi Technologies from $28.00 to $18.00 and set an “equal weight” rating on the stock in a research report on Monday, April 6th. Truist Financial upped their price objective on SoFi Technologies from $17.00 to $18.00 and gave the company a “hold” rating in a research note on Friday. Finally, The Goldman Sachs Group increased their price objective on SoFi Technologies from $17.00 to $21.00 and gave the stock a “neutral” rating in a research report on Thursday, July 9th. Seven investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, SoFi Technologies has an average rating of “Hold” and an average target price of $22.83.

Check Out Our Latest Stock Report on SoFi Technologies

Insider Buying and Selling

In related news, CTO Jeremy Rishel sold 102,123 shares of the stock in a transaction dated 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 completion of the transaction, the chief technology officer directly owned 895,089 shares of the company’s stock, valued at $15,914,682.42. This 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 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 10,954 shares of the firm’s stock in a transaction dated Monday, June 22nd. The shares were sold at an average price of $17.35, for a total transaction of $190,051.90. Following the completion of the sale, the executive vice president owned 378,682 shares of the company’s stock, valued at approximately $6,570,132.70. The trade was a 2.81% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 124,302 shares of company stock valued at $2,182,523 over the last ninety days. Corporate insiders own 2.50% of the company’s stock.

About SoFi Technologies

(Free Report)

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.