SOFI
New money, same SoFi soap opera
Friedenthal Financial just opened a new position in SoFi Technologies, scooping up 35,354 shares worth about $926,000. That’s not exactly whale-sized money, but it’s a clean signal that someone on the buy side still sees room for SoFi to run.
Meanwhile, the insiders were doing the cha-cha
This filing roundup also showed a few insider moves, which is always a bit like watching the people closest to the kitchen while the restaurant’s still open:
- General Counsel Robert S. Lavet bought 5,000 shares at an average of $21.04
- Director Steven J. Freiberg sold 94,225 shares for about $1.91 million
- Over the last quarter, insiders bought 38,900 shares and sold 218,148 shares
That mix doesn’t scream “all-clear,” but it does show the stock is active enough that people inside the tent are still making bets both ways.
The Street is split, because of course it is
Goldman Sachs cut its price target from $25 to $20 and kept a Neutral rating, while JPMorgan previously upgraded the stock to Overweight with a $31 target. Translation: nobody’s ready to call SoFi a home run, but nobody’s fully throwing it back into the bargain bin either.
Big picture
For investors, the takeaway is less “one giant catalyst” and more “the debate is still very much alive.” Fresh institutional buying plus heavy insider activity can keep SoFi on the radar, especially when the Street’s target prices are all over the map like a group chat arguing about dinner.