No qualifying author-owned investment thesis was confirmed in this post.
The author is reporting on the CEO's actions rather than expressing their own directional investment judgment.
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Anthony Noto purchased 15,878 SoFi shares on Friday at $15.73 each, worth about $250,000—his third buy this year after snapping up over 84,000 shares in March for $1.5 million. Now holding 11.93 million shares valued at $187 million, Noto's moves signal strong belief in SoFi despite shares dropping 43% year-to-date amid high interest rates and fintech pressures. The company just reported record Q1 revenue of $1.1 billion, up 41%, net income of $167 million, and 14.7 million members—yet the stock lags, drawing retail investors to follow Noto's lead.
Are you buying too?