GatePass Capital, Hartline Investment Slash SoFi Technologies Stakes by Up to 18.3%
GatePass Capital cut its SoFi Technologies stake by 18.3%, selling 22,476 shares to hold 100,045 shares valued at $2.643 million, making it its 14th-largest position. Hartline Investment trimmed its position by 11.6%, offloading 60,355 shares to retain 460,402 shares worth $12.164 million.
1. GatePass Capital Trims SOFI Position by 18.3%
In its most recent SEC filing for the third quarter, GatePass Capital LLC reduced its holdings in SoFi Technologies by 18.3%, selling 22,476 shares and ending the period with 100,045 shares. This position accounted for roughly 1.5% of GatePass’s total assets and ranked as its 14th largest equity holding. The stake was valued at $2.64 million at quarter end. Institutional ownership of SoFi stands at 38.43%, reflecting broad participation by hedge funds and other large investors.
2. Insider Sales Total 167,813 Shares Over Quarter
Corporate insiders sold a combined 167,813 shares of SoFi Technologies during the third quarter, generating proceeds of $4.40 million. Chief Technology Officer Jeremy Rishel led sales with 91,837 shares, representing a 10.36% reduction in his personal holdings, followed by CEO Arun Pinto’s sale of 46,132 shares, a 25% cut to his position. These transactions reduced total insider ownership to 2.60% of the outstanding share count.
3. Q3 Earnings Beat Estimates, Full-Year Guidance Set
SoFi reported third-quarter revenue of $949.6 million, up 37.7% year-over-year and surpassing consensus estimates by $69.3 million. Adjusted earnings per share of $0.11 exceeded analysts’ forecast by $0.02. The company achieved a net margin of 19.3% and a return on equity of 5.1%. Management issued full-year fiscal 2025 EPS guidance of $0.37, maintaining a growth trajectory as consumer lending and digital banking contributions expand.