SoFi Technologies, Inc.

NASDAQ Global Select
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Bullish +55

Apollon Wealth Management LLC Has $647,000 Stock Holdings in SoFi ...

📈 Apollon Wealth Management LLC increased its SoFi stake by 240.1% in Q1, adding 28,773 shares to a total holding of 40,755 shares valued at $647,000.

🏦 Multiple other hedge funds including Valley Wealth Managers and Blue Trust Inc. acquired new stakes or significantly lifted positions in the fourth quarter.

👔 CEO Anthony Noto purchased 15,545 shares worth $248,720, bringing his total ownership to approximately 11.9 million shares valued at $191 million.

💼 CTO Jeremy Rishel sold 102,123 shares for $1.8 million under a pre-arranged trading plan to cover tax withholding obligations related to equity vesting.

📊 SoFi reported Q1 revenue of $1.09 billion, beating analyst estimates of $1.05 billion and showing a 42.6% year-over-year increase.

💰 The company achieved EPS of $0.12, which met the consensus estimate, while maintaining a net margin of 14.65% and ROE of 6.25%.

📉 SoFi shares opened at $18.24, trading above its 50-day moving average of $16.88 but below its 200-day average of $19.77.

🎯 The company set full-year 2026 EPS guidance between $0.60 and $0.60, aligning closely with the average analyst prediction of $0.59.

🏛️ Institutional investors collectively own 38.43% of SoFi's outstanding stock, indicating strong institutional confidence in the financial services provider.

Bullish Signals
  • Apollon Wealth Management LLC increased its stake by 240.1% in Q1, adding 28,773 shares to a total holding of 40,755 shares valued at $647,000.
  • Multiple other hedge funds including Valley Wealth Managers and Blue Trust Inc. acquired new stakes or significantly lifted positions in the fourth quarter.
  • CEO Anthony Noto purchased 15,545 shares worth $248,720, bringing his total ownership to approximately 11.9 million shares valued at $191 million.
  • SoFi reported Q1 revenue of $1.09 billion, beating analyst estimates of $1.05 billion and showing a 42.6% year-over-year increase.
  • The company achieved EPS of $0.12, which met the consensus estimate, while maintaining a net margin of 14.65% and ROE of 6.25%.
Risk Factors
  • CTO Jeremy Rishel sold 102,123 shares for $1.8 million under a pre-arranged trading plan to cover tax withholding obligations related to equity vesting.
  • SoFi shares opened at $18.24, trading below its 200-day moving average of $19.77.
Full Analysis
Apollon Wealth Management LLC significantly increased its stake in SoFi Technologies, Inc. (NASDAQ:SOFI) by 240.1% during the first quarter, purchasing an additional 28,773 shares to hold a total of 40,755 shares valued at $647,000. Other institutional investors also adjusted their positions in the fourth quarter, with Valley Wealth Managers Inc., Blue Trust Inc., Vermillion Wealth Management Inc., Central Pacific Bank Trust Division, and Reflection Asset Management all acquiring new stakes or lifting existing positions. Insider trading activity showed mixed signals, with CEO Anthony Noto purchasing 15,545 shares worth $248,720 at an average price of $16.00, increasing his total holdings to approximately $191 million. Conversely, CTO Jeremy Rishel sold 102,123 shares for $1.8 million under a pre-arranged Rule 10b5-1 plan to cover tax withholding obligations, reducing his stake by over 10%. SoFi reported quarterly earnings on April 29th that met analyst consensus estimates with EPS of $0.12 and revenue of $1.09 billion, which exceeded expectations of $1.05 billion. The company demonstrated strong growth with a 42.6% year-over-year revenue increase and a net margin of 14.65%, while setting full-year 2026 guidance for EPS between $0.60 and $0.60.