Figure Technology Solutions (NASDAQ:FIGR) CFO Sells $120,120.00 in Stock

Figure Technology Solutions, Inc. (NASDAQ:FIGR) CFO Minchung Kgil sold 4,000 shares of Figure Technology Solutions stock in a transaction dated Tuesday, June 30th. The stock was sold at an average price of $30.03, for a total value of $120,120.00. Following the transaction, the chief financial officer directly owned 499,651 shares in the company, valued at approximately $15,004,519.53. The trade was a 0.79% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Minchung Kgil also recently made the following trade(s):

• On Wednesday, June 24th, Minchung Kgil sold 4,000 shares of Figure Technology Solutions stock. The shares were sold at an average price of $27.64, for a total transaction of $110,560.00.
• On Monday, June 15th, Minchung Kgil sold 9,117 shares of Figure Technology Solutions stock. The shares were sold at an average price of $30.06, for a total transaction of $274,057.02.
• On Friday, April 24th, Minchung Kgil sold 8,000 shares of Figure Technology Solutions stock. The stock was sold at an average price of $32.25, for a total transaction of $258,000.00.

Figure Technology Solutions Stock Performance

Shares of FIGR opened at $33.91 on Friday. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.90 and a quick ratio of 1.90. The firm’s 50 day moving average is $32.90 and its 200-day moving average is $38.62. Figure Technology Solutions, Inc. has a 12-month low of $25.01 and a 12-month high of $78.00. The stock has a market capitalization of $6.19 billion and a P/E ratio of 58.47.

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 business had revenue of $166.84 million for the quarter. Equities research analysts anticipate that Figure Technology Solutions, Inc. will post 0.94 EPS for the current fiscal year.

Institutional Trading of Figure Technology Solutions

A number of hedge funds have recently made changes to their positions in the stock. PNC Financial Services Group Inc. acquired a new stake in shares of Figure Technology Solutions during the third quarter worth approximately $73,000. JPMorgan Chase & Co. acquired a new stake in shares of Figure Technology Solutions during the 3rd quarter valued at $15,529,000. Vanguard Group Inc. acquired a new stake in shares of Figure Technology Solutions during the 3rd quarter valued at $91,751,000. Royce & Associates LP purchased a new position in shares of Figure Technology Solutions during the 3rd quarter valued at $1,146,000. Finally, Victory Capital Management Inc. acquired a new position in shares of Figure Technology Solutions in the third quarter worth $9,221,000.

Wall Street Analysts Forecast Growth

FIGR has been the subject of several research reports. Mizuho raised their price objective on Figure Technology Solutions from $45.00 to $55.00 and gave the stock an “outperform” rating in a research note on Thursday, May 14th. Sanford C. Bernstein cut their target price on Figure Technology Solutions from $72.00 to $67.00 and set an “outperform” rating on the stock in a research report on Monday, March 30th. Bank of America reduced their target price on Figure Technology Solutions from $34.00 to $31.00 in a report on Thursday, April 2nd. Zacks Research raised Figure Technology Solutions from a “strong sell” rating to a “hold” rating in a research note on Tuesday, April 14th. Finally, Weiss Ratings upgraded Figure Technology Solutions from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday, June 4th. Two equities research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Figure Technology Solutions has a consensus rating of “Moderate Buy” and a consensus target price of $53.62.

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.