In light of the federal moratorium on student loans, insiders were busy buying shares. This certainly seems like a bull internal signal. Insiders together represented a net activity of 224 million shares purchased. So how do other insiders at SoFi feel about their company? Insiders have been buying for the last 12 months 405 million shares while selling 181 million shares. Heavener now owns a joint venture 147,225 shares. 5,000 shares at an average price of $ 7.98 on that day. Meanwhile, the last purchase of operations manager Micah Heavener fell on March 14th. Following the transaction, the director owns a total of 229,852 shares. In total, the purchase was about $ 100,000. He bought it that day 15,000 shares at an average price of $ 6.50 per share. Schwartz has bought SOFI shares twice this year, and his last purchase was on May 13th. Following the acquisitions, the CEO now owns 3.23 million shares of his own company.ĭirector Harvey Schwartz was also active. He had bought it the day before 13,500 shares at an average price of $ 7.78 per share. In total, the purchase was just under $ 200,000. On May 20, Noto bought it 27,000 shares at an average price of $ 7.31 per share. Both Director Harvey Schwartz and Operations Manager Micah Heavener have bought shares several times this year. In addition, Noto is not the only insider who has been active in buying the shares. In May alone, he bought Noto SoFi three times. The CEO bought SOFI shares 10 separate times this year, and the last purchase happened on May 20th. The big drop in prices may have caused some investors to sell at a loss, but not CEO Anthony Noto. SoFi (NASDAQ: SOFI) has lost more than 50% of its market capitalization since the beginning of the year due to rising interest rates and the extension of the moratorium on federal student loans.

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