Whetstone Capital Advisors LLC Purchases New Holdings in Figure Technology Solutions, Inc. $FIGR

Whetstone Capital Advisors LLC acquired a new position in Figure Technology Solutions, Inc. (NASDAQ:FIGR) in the 2nd quarter, Holdings Channel reports. The institutional investor acquired 225,948 shares of the company’s stock, valued at approximately $6,939,000. Figure Technology Solutions accounts for about 1.8% of Whetstone Capital Advisors LLC’s portfolio, making the stock its 14th largest holding.

Several other large investors have also recently bought and sold shares of the company. WPG Advisers LLC increased its stake in shares of Figure Technology Solutions by 71.1% in the 1st quarter. WPG Advisers LLC now owns 934 shares of the company’s stock valued at $32,000 after buying an additional 388 shares during the period. State of Wyoming lifted its stake in shares of Figure Technology Solutions by 14.8% during the first quarter. State of Wyoming now owns 3,864 shares of the company’s stock valued at $131,000 after acquiring an additional 498 shares during the period. Arcus Capital Partners LLC boosted its holdings in Figure Technology Solutions by 7.9% in the first quarter. Arcus Capital Partners LLC now owns 7,400 shares of the company’s stock valued at $251,000 after acquiring an additional 541 shares during the last quarter. Global Retirement Partners LLC bought a new position in Figure Technology Solutions in the fourth quarter valued at about $25,000. Finally, Wells Fargo & Company MN increased its position in Figure Technology Solutions by 3.5% in the fourth quarter. Wells Fargo & Company MN now owns 18,429 shares of the company’s stock worth $753,000 after purchasing an additional 616 shares during the period.

Insider Buying and Selling

In other Figure Technology Solutions news, CFO Minchung Kgil sold 9,117 shares of the company’s stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $30.06, for a total value of $274,057.02. Following the completion of the sale, the chief financial officer owned 507,651 shares of the company’s stock, valued at approximately $15,259,989.06. This represents a 1.76% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider David Stevens sold 47,650 shares of the stock in a transaction on Friday, August 14th. The stock was sold at an average price of $31.38, for a total transaction of $1,495,257.00. Following the completion of the sale, the insider owned 376,599 shares in the company, valued at approximately $11,817,676.62. This trade represents a 11.23% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 80,767 shares of company stock valued at $2,542,154. Corporate insiders own 26.60% of the company’s stock.

Figure Technology Solutions Trading Down 0.4%

NASDAQ FIGR opened at $38.12 on Thursday. Figure Technology Solutions, Inc. has a 12 month low of $24.11 and a 12 month high of $78.00. The stock has a 50-day simple moving average of $32.26 and a 200 day simple moving average of $32.78. The company has a current ratio of 1.86, a quick ratio of 1.86 and a debt-to-equity ratio of 0.22. The company has a market capitalization of $7.08 billion and a PE ratio of 40.99.

Figure Technology Solutions (NASDAQ:FIGR) last posted its earnings results on Thursday, August 13th. The company reported $0.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.24 by $0.11. The company had revenue of $218.45 million during the quarter. Figure Technology Solutions had a return on equity of 18.90% and a net margin of 33.45%. Research analysts forecast that Figure Technology Solutions, Inc. will post 1.18 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. Wall Street Zen raised Figure Technology Solutions from a “sell” rating to a “hold” rating in a report on Saturday, August 15th. Sanford C. Bernstein lifted their price target on shares of Figure Technology Solutions from $67.00 to $70.00 and gave the stock an “outperform” rating in a research report on Thursday, August 6th. Mizuho boosted their price target on shares of Figure Technology Solutions from $45.00 to $55.00 and gave the stock an “outperform” rating in a research note on Thursday, May 14th. Bank of America upgraded shares of Figure Technology Solutions from an “underperform” rating to a “neutral” rating and increased their price objective for the company from $31.00 to $49.00 in a report on Wednesday. Finally, Zacks Research raised shares of Figure Technology Solutions from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 17th. Two research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $52.88.

Figure Technology Solutions Company Profile

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.