Rockefeller Capital Management L.P. Makes New $935,000 Investment in Figure Technology Solutions, Inc. $FIGR

Rockefeller Capital Management L.P. purchased a new position in shares of Figure Technology Solutions, Inc. (NASDAQ:FIGR) in the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 22,900 shares of the company’s stock, valued at approximately $935,000.

Other institutional investors have also made changes to their positions in the company. PNC Financial Services Group Inc. acquired a new position in Figure Technology Solutions in the third quarter worth approximately $73,000. Vanguard Group Inc. bought a new position in Figure Technology Solutions during the third quarter valued at approximately $91,751,000. Royce & Associates LP acquired a new stake in Figure Technology Solutions in the third quarter valued at approximately $1,146,000. Victory Capital Management Inc. bought a new stake in Figure Technology Solutions in the third quarter worth approximately $9,221,000. Finally, Legato Capital Management LLC bought a new stake in Figure Technology Solutions in the third quarter worth approximately $715,000.

Figure Technology Solutions Trading Up 3.8%

Shares of Figure Technology Solutions stock opened at $33.91 on Friday. The company’s fifty day simple moving average is $32.94 and its 200-day simple moving average is $38.65. The company has a market cap of $6.19 billion and a price-to-earnings ratio of 58.47. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 0.20. Figure Technology Solutions, Inc. has a 1 year low of $25.01 and a 1 year high of $78.00.

Figure Technology Solutions (NASDAQ:FIGR) last released its earnings results on Monday, May 11th. The company reported $0.18 EPS for the quarter, beating the consensus estimate of $0.17 by $0.01. The company had revenue of $166.84 million for the quarter. As a group, sell-side analysts expect that Figure Technology Solutions, Inc. will post 0.94 EPS for the current year.

Wall Street Analyst Weigh In

FIGR has been the topic of a number of recent research reports. Bank of America cut their price target on shares of Figure Technology Solutions from $34.00 to $31.00 in a report on Thursday, April 2nd. Mizuho upped their price objective on shares of Figure Technology Solutions from $45.00 to $55.00 and gave the stock an “outperform” rating in a report on Thursday, May 14th. Needham & Company LLC reissued a “buy” rating and set a $55.00 target price on shares of Figure Technology Solutions in a research report on Wednesday, May 13th. Zacks Research upgraded Figure Technology Solutions from a “strong sell” rating to a “hold” rating in a report on Tuesday, April 14th. Finally, Weiss Ratings raised Figure Technology Solutions from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday, June 4th. Two research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $53.62.

Insider Activity at Figure Technology Solutions

In other news, Director June Ou sold 67,840 shares of the company’s stock in a transaction dated Wednesday, April 15th. The shares were sold at an average price of $35.19, for a total transaction of $2,387,289.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider David Todd Stevens sold 47,064 shares of the stock in a transaction dated Thursday, May 14th. The shares were sold at an average price of $42.35, for a total transaction of $1,993,160.40. Following the completion of the sale, the insider owned 406,051 shares of the company’s stock, valued at approximately $17,196,259.85. The trade was a 10.39% decrease in their position. 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 479,337 shares of company stock worth $16,910,863. Insiders own 26.60% of the company’s stock.

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.