SoFi CEO Buys $1 Million of Stock as Shares Rebound on Heavy Volume

Overview

• An SEC filing shows Anthony Noto bought 56,000 shares on March 2 across multiple trades priced between $17.50 and $18.21, for a weighted average of $17.88.
• Following the transaction, Noto’s direct stake rose to 11,675,452 shares.
• SOFI closed March 2 at $18.39, up 3.55%, with about 71.7 million shares traded, roughly 26% above its three‑month average, and it advanced further after hours.
• Research moves included Citizens upgrading to Market Outperform with a $30 target, JPMorgan to Overweight with a $31 target, and Needham maintaining Buy with a reduced $33 target.
• TipRanks lists a Hold consensus with a $25.96 average target implying about 41% upside, while the stock sits roughly 43% below its peak and was down about 32% year to date before the buy; market cap stands near $23.2 billion.