EL7.AI
StocksMediumUpdated•Originally published 27 June 2026•Updated 27 June 2026•
1 min read

SoFi Stock Plunges Over 30% as CEO Buys Shares, Revenue Surges 43%

Portrait of a man above a bar chart with a red down arrow and SoFi logo on a textured orange background.

Key Facts

1SoFi Technologies stock has fallen more than 30% since the start of 2026.
2CEO Anthony Noto has bought company shares in the open market several times in 2026.
3First-quarter 2026 net revenue rose 43% year over year.

Amid pressure on the fintech sector, CEO insider moves at SoFi offer a positive signal. SoFi Technologies stock has fallen more than 30% since the start of 2026, but CEO Anthony Noto has bought company shares on the open market several times in 2026. First-quarter 2026 net revenue rose 43% year over year, underscoring strong underlying growth.

The open-market purchases come as the stock faces heavy selling pressure, signaling management's confidence in the company's prospects. The strong revenue growth, despite the stock decline, bolsters an optimistic view. Insider buying is often seen as a bullish indicator, especially when repeated.

Investors will watch whether the stock's decline continues or if insider buying helps support the price. Performance in upcoming quarters will be key in determining the stock's trajectory. SoFi remains under scrutiny as the fintech sector stays under pressure.