SoFi Stock Surges on Insider Buying and Analyst Upgrades
SoFi Technologies shares rallied 7% Friday after regulatory filings revealed aggressive insider buying. General Counsel Robert S. Lavet acquired $105,200 worth of stock while EVP Eric Schuppenhauer purchased $99,650 in shares—signaling confidence following better-than-expected Q4 results.
The fintech firm posted $0.13 EPS versus $0.11 estimates, with revenue reaching $1.03 billion against $973 million projections. Citizens Bank upgraded SoFi to Market Outperform with a $30 price target, implying 44% upside. JPMorgan similarly shifted to Buy, citing improved execution and valuation.
Corporate insiders have purchased $204,800 in stock over three months—a bullish signal as the company navigates post-earnings volatility. The buying activity coincides with growing institutional interest in fintech disruptors bridging traditional finance and digital assets.
