Figure Technology Solutions (NASDAQ:FIGR) Insider Sells 47,650 Shares of Stock

Figure Technology Solutions, Inc. (NASDAQ:FIGR) insider David Todd Stevens sold 47,650 shares of the stock in a transaction dated Friday, August 14th. The stock was sold at an average price of $31.38, for a total value of $1,495,257.00. Following the completion of the sale, the insider directly owned 376,599 shares of the company’s stock, valued at approximately $11,817,676.62. This represents a 11.23% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Figure Technology Solutions Stock Down 0.5%

FIGR stock traded down $0.18 during mid-day trading on Tuesday, hitting $35.58. The stock had a trading volume of 4,455,052 shares, compared to its average volume of 4,622,380. Figure Technology Solutions, Inc. has a 1-year low of $24.11 and a 1-year high of $78.00. The company has a fifty day moving average of $29.42 and a 200 day moving average of $33.51. 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 $6.50 billion and a price-to-earnings ratio of 38.26.

Figure Technology Solutions (NASDAQ:FIGR) last announced its quarterly earnings results on Thursday, August 13th. The company reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.24 by $0.11. Figure Technology Solutions had a return on equity of 19.58% and a net margin of 33.45%.The business had revenue of $218.45 million during the quarter. On average, equities analysts expect that Figure Technology Solutions, Inc. will post 1.01 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

FIGR has been the subject of several recent research reports. Mizuho boosted their target price on shares of Figure Technology Solutions from $45.00 to $55.00 and gave the stock an “outperform” rating in a research report on Thursday, May 14th. Sanford C. Bernstein upped their price objective on shares of Figure Technology Solutions from $67.00 to $70.00 and gave the stock an “outperform” rating in a report on Thursday, August 6th. Keefe, Bruyette & Woods lowered their target price on shares of Figure Technology Solutions from $55.00 to $45.00 and set an “outperform” rating on the stock in a research report on Monday, July 13th. Wall Street Zen upgraded Figure Technology Solutions from a “sell” rating to a “hold” rating in a report on Saturday. Finally, Weiss Ratings upgraded Figure Technology Solutions from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Thursday, June 4th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $50.62.

Institutional Investors Weigh In On Figure Technology Solutions

A number of hedge funds have recently bought and sold shares of FIGR. Pictet Asset Management Holding SA increased its position in Figure Technology Solutions by 69.7% in the 4th quarter. Pictet Asset Management Holding SA now owns 67,893 shares of the company’s stock worth $2,773,000 after buying an additional 27,893 shares during the period. UBS Group AG lifted its holdings in shares of Figure Technology Solutions by 322.9% during the fourth quarter. UBS Group AG now owns 885,977 shares of the company’s stock worth $36,183,000 after buying an additional 676,470 shares during the last quarter. WIM INVESTMENT MANAGEMENT Ltd boosted its position in shares of Figure Technology Solutions by 53.6% in the fourth quarter. WIM INVESTMENT MANAGEMENT Ltd now owns 745,286 shares of the company’s stock valued at $30,437,000 after acquiring an additional 260,000 shares during the period. Eurizon Capital SGR S.p.A. acquired a new stake in shares of Figure Technology Solutions in the fourth quarter worth $5,041,000. Finally, Vanguard Group Inc. increased its position in Figure Technology Solutions by 17.9% during the fourth quarter. Vanguard Group Inc. now owns 2,974,853 shares of the company’s stock worth $121,493,000 after acquiring an additional 452,136 shares during the period.

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.