This article first appeared on GuruFocus.
Cathie Wood’s ARK Invest sold about 21,094 shares of SoFi Technologies (NASDAQ:SOFI), reducing its stake in the fintech company as the stock has climbed about 90% year-to-date.
The shares have risen sharply in 2025, supported by solid revenue and earnings growth, expanding membership and new product launches. Despite the gains, Wood’s sale suggests some investors are taking profits after the extended run.
Wall Street remains mixed on SoFi’s outlook. JPMorgan raised its price target to $31 from $28 while keeping a Neutral rating, noting that growth in the financial technology sector may slow in 2026 as a softer labor market and delayed tariff effects weigh on demand.
Truist lowered its price target to $28 from $31 and maintained a Hold rating, pointing to tougher year-over-year comparisons in revenue and earnings.
Meanwhile, Keefe Bruyette & Woods reiterated a Sell rating, lifting its target to $20 from $18, citing solid recent performance but a challenging long-term risk/reward profile.
Investors will watch how valuation concerns evolve after the strong share appreciation.