NEW YORK, Feb 20, 2026, 07:30 EST — Premarket
- SoFi shares slipped roughly 0.6% in premarket trading, following a 1.2% decline the previous day.
- Truist trimmed its target price down to $21 from $28, sticking with a hold rating.
- Chief Risk Officer Arun Pinto sold shares to cover taxes on vested stock awards, according to a filing.
SoFi Technologies (SOFI) dropped in premarket trade Friday, after Truist Securities slashed its target and an insider disclosed a tax-driven stock sale in a new filing.
SoFi’s stock is back to swinging around. Following a swift drop from its early-January peak, even standard notes and SEC filings are nudging the tape these days.
SoFi moves with the rates. The online bank and lender often reacts to changes in the outlook for U.S. borrowing costs and how consumers are handling credit.
SoFi slipped 0.6% to $19.18 ahead of the bell, following a 1.2% drop to $19.30 at Thursday’s close. Shares have fallen roughly 36% from the Jan. 5 intraday peak of nearly $29.86. (Stockanalysis)
Truist’s Matthew Coad maintained his hold rating on SoFi as of Feb. 18, though he trimmed the target to $21, down from $28. That target price — basically, where Coad thinks the shares might land within a year — stands lower now. (Stockanalysis)
SoFi Chief Risk Officer Arun Pinto disclosed in a Form 4 on Thursday that he sold 25,420 shares at $19.622 on Feb. 18, just after stock awards settled the previous day. According to the filing, the sale was strictly to cover the tax withholding obligation tied to the vesting of stock-settled RSUs. The shares themselves, the document clarified, “were not issued” to Pinto. (Streetinsider)
RSUs—restricted stock units—give employees equity that typically vests in stages, with taxes often withheld once shares hit their accounts. Tax-motivated selling or not, insider transactions can add to negative sentiment, particularly if the stock’s already feeling some heat.
SoFi keeps making its case to investors that it can boost earnings without piling on more assets. That argument is under a brighter spotlight now, with shares down this month and valuations across fintech losing steam.
Still, it’s the credit and funding story that keeps the risk case alive here. If delinquencies or loan losses tick up, or deposit costs rise, margins could get pinched—and that would likely cap the stock.
Friday’s focus will probably land on the U.S. personal income and outlays report, set for Feb. 20. That includes the PCE price index, a data point traders watch closely. After that, attention shifts to broker notes and any fresh insider filings. (Bea)
