In the third quarter, GatePass Capital LLC trimmed its position in SoFi Technologies by 18.3%, selling 22,476 shares and retaining 100,045 shares. Following the transaction, SoFi represented 1.5% of GatePass’s total portfolio, ranking it as the firm’s 14th largest holding. The remaining stake was valued at approximately $2.64 million when reported to the SEC, reflecting GatePass’s strategic reallocation away from fintech exposure during the quarter.

Corporate insiders executed significant share dispositions over the past quarter, selling a combined 167,813 shares worth $4.4 million. Chief Technology Officer Jeremy Rishel led with 91,837 shares sold at an average of $26.64 per share, marking a 10.4% reduction in his holdings. President Arun Pinto followed, offloading 46,132 shares at an average of $24.76. Post-sale, insiders’ collective ownership stands at 2.6%, down from prior levels as executives lock in gains amid strong market performance.

SoFi Technologies surpassed consensus on its most recent quarterly report with revenue of $949.6 million—37.7% year-over-year growth—and adjusted EPS of $0.11, $0.02 above forecasts. The company’s net margin expanded to 19.3%, while return on equity improved to 5.1%. Following these results, Needham & Company raised its target to $36 with a buy recommendation, and Citigroup increased its objective to $37. Despite one underperform rating, aggregate analyst sentiment remains neutral-to-positive, with a consensus target of $25.50 indicating potential upside.