Noto purchased 30,000 more shares of SoFi SOFI at an average price of $5.1171 on Friday, according to a filing with the Securities and Exchange Commission released Monday. He paid $153,513 in the transaction.
That was in addition to the 50,000... SoFi Technologies Inc. Chief Executive Anthony Noto continues to be a buyer of his company’s stock. Noto purchased 30,000 more shares of SoFi SOFI at an average price of $5.1171 on Friday, according to a filing with the Securities and Exchange Commission released Monday. He paid $153,513 in the transaction.
That was in addition to the 50,000 shares of SoFi that Noto scooped up on Thursday at an average price of $4.7341. He paid $236,705 for that block of shares.Noto’s purchase activity came as shares of SoFi sold off sharply to start last week, falling 22% from the close of trading Friday, April 28, to the close of trading Wednesday, May 3.
The SoFi CEO has taken advantage of past dips in the stock price to load up on shares. He made more sizable purchases in March, when Silicon Valley Bank’s failure caused shares of other banking names to decline sharply. Noto paid $1.24 million to acquire 225,000 shares in aggregate across two March trading sessions.Back in December, Noto racked up $7.4 million in stock purchases, picking up more than 1.6 million shares of SoFi at prices from $4.28 to $4.69 apiece.