Temasek Holdings Private Ltd Makes New Investment in Figure Technology Solutions, Inc. $FIGR

Temasek Holdings Private Ltd bought a new stake in shares of Figure Technology Solutions, Inc. (NASDAQ:FIGR) during the 1st quarter, HoldingsChannel reports. The institutional investor bought 41,675 shares of the company’s stock, valued at approximately $1,415,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in FIGR. Global Retirement Partners LLC acquired a new stake in shares of Figure Technology Solutions in the fourth quarter worth about $25,000. WPG Advisers LLC increased its holdings in shares of Figure Technology Solutions by 71.1% during the 1st quarter. WPG Advisers LLC now owns 934 shares of the company’s stock valued at $32,000 after acquiring an additional 388 shares during the last quarter. Strs Ohio bought a new position in shares of Figure Technology Solutions in the 4th quarter valued at approximately $34,000. MetLife Investment Management LLC bought a new position in shares of Figure Technology Solutions in the 4th quarter valued at approximately $35,000. Finally, Flagship Harbor Advisors LLC acquired a new stake in Figure Technology Solutions in the 4th quarter worth approximately $40,000.

Figure Technology Solutions Stock Up 3.5%

FIGR opened at $31.49 on Wednesday. Figure Technology Solutions, Inc. has a 1-year low of $25.01 and a 1-year high of $78.00. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 0.20. The stock has a market capitalization of $5.75 billion and a price-to-earnings ratio of 54.29. The business has a 50 day moving average of $31.78 and a 200-day moving average of $37.68.

Figure Technology Solutions (NASDAQ:FIGR) last announced its quarterly earnings data on Monday, May 11th. The company reported $0.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.17 by $0.01. The company had revenue of $166.84 million during the quarter. As a group, sell-side analysts anticipate that Figure Technology Solutions, Inc. will post 0.92 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on FIGR. Sanford C. Bernstein decreased their target price on Figure Technology Solutions from $72.00 to $67.00 and set an “outperform” rating for the company in a research report on Monday, March 30th. Wall Street Zen lowered shares of Figure Technology Solutions from a “hold” rating to a “sell” rating in a research report on Sunday, July 12th. Needham & Company LLC restated a “buy” rating and issued a $55.00 price objective on shares of Figure Technology Solutions in a research note on Wednesday, July 8th. Weiss Ratings raised shares of Figure Technology Solutions from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday, June 4th. Finally, Mizuho raised their target price on shares of Figure Technology Solutions from $45.00 to $55.00 and gave the company an “outperform” rating in a research note on Thursday, May 14th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $50.25.

Insider Buying and Selling

In other Figure Technology Solutions news, CEO Michael Benjamin Tannenbaum sold 2,031 shares of the firm’s stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $36.03, for a total value of $73,176.93. Following the sale, the chief executive officer directly owned 3,193,641 shares in the company, valued at $115,066,885.23. This trade represents a 0.06% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director June Ou sold 35,190 shares of the business’s stock in a transaction dated Wednesday, May 13th. The stock was sold at an average price of $38.20, for a total transaction of $1,344,258.00. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 343,657 shares of company stock worth $12,136,284. 26.60% of the stock is currently owned by corporate insiders.

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.