SoFi Technologies stock gets fresh backing from ARK purchase

Published on 11/12/2026 at 13:45 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

SoFi Technologies stock drew fresh institutional support after ARK bought shares through two ETFs. Retail sentiment remained divided after the purchase.

ARK purchase puts SoFi in focus

ARK Investment Management bought SoFi shares through two exchange-traded funds.
The purchase came as SoFi shares faced weak retail sentiment and a lower forward valuation.
Analyst expectations remain divided, leaving execution and growth delivery central for investors.

SOFI, US83406F1021, Illustration mit AI erstellt.

ARK Investment Management bought about 6.8 million US dollars of SoFi Technologies shares through two exchange-traded funds, according to a Yahoo Finance report published on Tuesday, November 10. The report was originally published by StockTwits.

ARK Innovation ETF bought 362,911 SoFi shares worth about 6.1 million US dollars. ARK Blockchain & Fintech Innovation ETF added 42,809 shares valued at roughly 717,100 US dollars.

Institutional support meets investor caution

The purchase gives SoFi a fresh institutional vote of confidence after a difficult stretch for the stock. The same report said retail investors remained bearish, illustrating the gap between ARK's portfolio decision and short-term market sentiment.

Yahoo Finance also cited a forward price-to-earnings ratio of about 20 times for SoFi, near the company's low levels for that measure. The multiple remained above those of Upstart Holdings and Affirm Holdings in the comparison cited by the report.

SoFi Technologies stock traded at 14.46 euros on Lang & Schwarz at 13:40 CET on Thursday, November 12.