Traders Buy Large Volume of Call Options on Figure Technology Solutions (NASDAQ:FIGR)

Figure Technology Solutions, Inc. (NASDAQ:FIGR) saw unusually large options trading on Tuesday. Investors purchased 10,239 call options on the company. This is an increase of 61% compared to the average volume of 6,359 call options.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on FIGR shares. Sanford C. Bernstein lifted their price objective on Figure Technology Solutions from $54.00 to $72.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 13th. The Goldman Sachs Group raised their price objective on shares of Figure Technology Solutions from $51.00 to $58.00 and gave the stock a “buy” rating in a report on Tuesday, January 13th. Weiss Ratings lowered Figure Technology Solutions from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday, February 11th. Zacks Research lowered shares of Figure Technology Solutions from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, February 4th. Finally, Piper Sandler increased their target price on Figure Technology Solutions from $55.00 to $75.00 and gave the stock an “overweight” rating in a report on Wednesday, January 14th. Two research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating, two have issued a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Figure Technology Solutions has a consensus rating of “Moderate Buy” and a consensus price target of $59.50.

Insider Buying and Selling at Figure Technology Solutions

In other Figure Technology Solutions news, insider David Todd Stevens sold 40,000 shares of the business’s stock in a transaction on Wednesday, December 3rd. The shares were sold at an average price of $35.22, for a total transaction of $1,408,800.00. Following the sale, the insider directly owned 489,000 shares of the company’s stock, valued at $17,222,580. The trade was a 7.56% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Michael Scott Cagney sold 200,058 shares of Figure Technology Solutions stock in a transaction that occurred on Wednesday, December 10th. The shares were sold at an average price of $39.40, for a total transaction of $7,882,285.20. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 723,136 shares of company stock valued at $27,113,723 over the last 90 days.

Institutional Investors Weigh In On Figure Technology Solutions

Several institutional investors and hedge funds have recently bought and sold shares of FIGR. Orland Properties Ltd bought a new stake in Figure Technology Solutions during the third quarter worth about $319,187,000. Vanguard Group Inc. purchased a new stake in shares of Figure Technology Solutions during the third quarter valued at $91,751,000. Duquesne Family Office LLC purchased a new stake in shares of Figure Technology Solutions during the 3rd quarter valued at about $76,989,000. Fred Alger Management LLC bought a new stake in shares of Figure Technology Solutions in the fourth quarter worth $67,386,000. Finally, Pantera Capital Partners LP purchased a new stake in shares of Figure Technology Solutions in the 3rd quarter worth $56,114,000.

Figure Technology Solutions Price Performance

Shares of Figure Technology Solutions stock traded down $1.08 during trading hours on Tuesday, reaching $29.14. The company had a trading volume of 1,137,645 shares, compared to its average volume of 4,724,743. Figure Technology Solutions has a one year low of $28.37 and a one year high of $78.00. The company has a debt-to-equity ratio of 0.17, a quick ratio of 2.26 and a current ratio of 2.26. The company has a market cap of $5.13 billion and a price-to-earnings ratio of 85.71. The business has a fifty day moving average price of $48.69.

About Figure Technology Solutions

Figure is building the future of capital markets using blockchain-based technology. Figure’s proprietary technology powers next-generation lending, trading and investing activities in areas such as consumer credit and digital assets. Our application of the blockchain ledger allows us to better serve our end-customers, improve speed and efficiency, and enhance standardization and liquidity. Using our technology, we continue to develop dynamic, vertically-integrated marketplaces across the approximately $2 trillion consumer credit market and the rapidly growing approximately $4 trillion cryptocurrency and digital asset market.