Reddit discussions about SoFi Technologies, Inc. (SOFI) have been buzzing with speculation and analysis, particularly around the recent sale of shares by Silver Lake, a major shareholder. Users on the r/sofistock subreddit debated the implications of Silver Lake's decision to sell, with some suggesting it might be a strategic move for tax harvesting or portfolio rebalancing. One user noted, "Silver Lake may just need money, tax harvesting, or time to rebalance its portfolio," while another pointed out that the sale could be a "nothing burger," given Silver Lake's early investment in SoFi. The conversation also touched on the role of major institutional investors like Vanguard and BlackRock, with some users dismissing their holdings as merely passive through ETFs.
In another thread, users discussed the potential for SoFi's stock to stabilize or rise, with some expressing optimism about the company's future. A user speculated, "Maybe we will get a pre-earnings run, but if next earnings surprise just a little bit, it’ll push it over the top." The community also shared insights on investment strategies, with some considering buying the dip and others discussing the potential impact of upcoming earnings reports. The sentiment appeared mixed, with some users expressing cautious optimism about SoFi's long-term prospects.
As of the latest update, SoFi Technologies, Inc. (SOFI) is trading at $15.749, reflecting a slight increase of 0.63% from the previous close.