Anthony Noto, an insider at SoFi Technologies Inc (SOFI), sold 11,347,906 shares of the company on November 4, 2025, at a price of $27.16 per share. This transaction totaled $308.21 million.
Following this sale, Noto retains an equal number of shares in SoFi Technologies. Insider sales can happen for various reasons, including diversification or personal financial needs. While significant selling may catch investors' attention, regular transactions do not inherently reflect negative sentiments about the company.
These insider transactions are reported to the SEC, offering transparency into the actions of company executives. However, a single sale should be viewed as one piece of a larger puzzle. Investors are encouraged to consider patterns of insider activity across multiple insiders and timeframes, rather than focusing solely on isolated transactions.
SoFi Technologies, headquartered in San Francisco, operates in the financial services sector, providing a range of products including personal loans, student loans, and investment services. The company has a market cap of $33.4 billion and a P/E ratio of 52.23. Upcoming earnings reports are expected on April 26, 2026, and July 26, 2026, with estimated EPS of $0.13 and $0.14, respectively.