Robert Lavet Sells Shares of SoFi Technologies, Inc.
SoFi's General Counsel Robert Lavet sold 14,914 shares on June 16, 2026.
Key Points
- Robert Lavet, General Counsel at SoFi Technologies, sold 14,914 shares on June 16, 2026, for $262,635.54.
- SoFi Technologies, trading at $17.71, has a market cap of $22.7 billion and a P/E ratio of 37.68.
- Analysts from Citigroup and Needham maintain a 'buy' rating, with price targets of $30 and $25, respectively.
On June 16, 2026, Robert Lavet, General Counsel at SoFi Technologies, Inc. (NasdaqGS: SOFI), sold 14,914 shares of the company. The shares were sold at an average price of $17.61, bringing the total transaction value to approximately $262,635.54.
Insider Buying and Selling at SoFi Technologies, Inc.
Robert Lavet's recent sale of 14,914 shares was not conducted under a pre-arranged plan. Other insiders, including Chief Technology Officer Jeremy Rishel, also sold shares around the same period. Rishel sold 102,123 shares at $17.78 on June 17, 2026, in a planned transaction.
Other Institutional Activity in SoFi Technologies
Institutional investors have shown varied interest in SoFi Technologies. BlackRock, Inc. increased its holdings by 421,163 shares, ending with 69,557,164 shares valued at $1.10 billion. Vanguard Capital Management LLC and Vanguard Portfolio Management LLC both significantly increased their positions, adding 57,108,581 and 50,975,115 shares, respectively. UBS Group AG made a notable increase, adding 21,046,001 shares, bringing its total to 36,417,201 shares worth $578.3 million.
SoFi Technologies Stock Snapshot
Shares of SoFi Technologies are trading near $17.71. The company has a market capitalization of approximately $22.7 billion and a P/E ratio of 37.68. Its forward P/E is 21.69, indicating expectations for future earnings growth. The stock has a 52-week range between $14.36 and $32.73, with a beta of 2.152, suggesting higher volatility compared to the market.
Recent Earnings
SoFi Technologies reported a revenue of $3.91 billion, reflecting a growth rate of 42.5%. The company achieved a net margin of 14.76% and a return on equity of 6.60%. The next earnings report is scheduled for July 28, 2026.
Analysts Set New Price Targets
Analysts have maintained their ratings on SoFi Technologies with various price targets. On May 12, 2026, Truist Securities maintained a 'hold' rating with a $17 target. Citigroup maintained a 'buy' rating with a $30 target on May 4, 2026. UBS and TD Cowen both held their 'hold' ratings with targets of $21 and $18, respectively.
About SoFi Technologies
SoFi Technologies, Inc., headquartered in San Francisco, California, provides a range of financial services. The company operates through Lending, Technology Platform, and Financial Services segments, offering products like personal loans, student loans, and home loans. SoFi also offers investment platforms and digital banking solutions, catering to a broad customer base in the United States and internationally.
Bottom Line
The recent insider transactions at SoFi Technologies, including those by Robert Lavet, highlight ongoing activity among company executives. Investors often track these transactions for potential insights into company sentiment. However, it's important to remember that these filings are backward-looking and may not reflect current positions.
See Also
This instant news alert was generated by automated narrative technology and financial data from EarningsIQ and public regulatory filings. It is for informational purposes only and is not financial advice.