Usually, when the mention of insider trading comes up, trades think of sales worth millions, but this is not the case with SoFi Technologies (NASDAQ: SOFI) and its CEO, Anthony Noto, who has consistently bought large amounts of SOFI stock. In his latest filing on May 23, Noto disclosed the purchase of an additional $200,000 worth of SOFI shares at an average price of $6.91 for the total of 8,062,269 shares owned, worth approximately $55 million. | | Table I - Non-Derivative Securities Acquired, Disposed of, ...

SoFi (NASDAQ:SOFI) stock is down by about 30% so far this year. That comes despite an impressive first- quarter earnings report that saw revenue grow by 37% year-over-year (YOY) to $645 million. Meanwhile, diluted EPS attributable to common stockholders was 2 cents compared to a loss of 5 cents a year ago. In other words, SoFi is profitable — a key goal for any publicly traded company. The SOFI stock bears argue that the company should be valued as a bank. SoFi announced in January 2022 that the Office of t ...

The company exceeded market estimates two consecutive times in a row, especially its Financial Services and Technology Platforms. These segments saw significant sales growth, emphasizing SoFi's diversified revenue streams beyond lending. Its SoFi's earnings report revealed a 26% year-over-year increase in net sales, with its financial services segment soaring by 33%. The company maintained a solid top line despite concerns about high interest rates. Losing over 18% of its value because of a challenging mark ...

Parkev Tatevosian, CFA has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool. ...

While the latest news from SoFi Technologies (NASDAQ:SOFI) has largely been positive, you wouldn't think that if all you did was view a SoFi Technologies stock chart. Despite beating quarterly earnings, shares in the fintech firm and neobank continue to slump. Clearly, market sentiment for SoFi remains on the bearish side. With 17.6% of its float sold short, Wall Street's "smart money" suggests downside risk for the stock. With shares more-than reasonably priced, and plenty suggesting that the bull case wil ...

Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool. Parkev Tatevosian, CFA has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. ...

Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool. Parkev Tatevosian, CFA has positions in PayPal. The Motley Fool has positions in and recommends PayPal. The Motley Fool recommends the following options: short June 2024 $67.50 calls on PayPal. The Motley Fool has a disclosure policy. ...

Parkev Tatevosian, CFA has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool. ...

Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool. Parkev Tatevosian, CFA has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. ...

Dilok Klaisataporn/iStock via Getty Images Since then, SOFI has unfortunately pulled back by another -13.1% well underperforming the wider market at -2.5%. Despite so, we are maintaining our Buy rating, due to the promising growth in its top/ bottom lines as the management executes the dual pronged growth as both an online bank and a fintech. Combined with the growing bank deposits, the contribution to its lower cost funding, the promising reversal in its GAAP profitability, and the stock price's pullback, ...