Michael Scott Cagney Sells 250,000 Shares of Figure Technology Solutions (NASDAQ:FIGR) Stock

Figure Technology Solutions, Inc. (NASDAQ:FIGR) Director Michael Scott Cagney sold 250,000 shares of the stock in a transaction dated Friday, November 21st. The stock was sold at an average price of $34.06, for a total transaction of $8,515,000.00. Following the sale, the director directly owned 6,128,993 shares in the company, valued at approximately $208,753,501.58. The trade was a 3.92% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Michael Scott Cagney also recently made the following trade(s):

• On Thursday, November 20th, Michael Scott Cagney sold 500,000 shares of Figure Technology Solutions stock. The shares were sold at an average price of $36.22, for a total value of $18,110,000.00.

Figure Technology Solutions Trading Up 2.8%

NASDAQ FIGR traded up $0.97 during trading hours on Monday, reaching $35.77. The company’s stock had a trading volume of 2,794,450 shares, compared to its average volume of 3,344,558. The firm has a 50-day moving average price of $40.17. Figure Technology Solutions, Inc. has a 1-year low of $30.01 and a 1-year high of $49.50.

Figure Technology Solutions (NASDAQ:FIGR) last posted its quarterly earnings data on Thursday, November 13th. The company reported $0.34 EPS for the quarter, beating analysts’ consensus estimates of $0.16 by $0.18. The business had revenue of $156.03 million during the quarter.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on FIGR shares. Needham & Company LLC reissued a “buy” rating and issued a $51.00 price target on shares of Figure Technology Solutions in a report on Monday, November 17th. Piper Sandler boosted their target price on shares of Figure Technology Solutions from $50.00 to $55.00 and gave the stock an “overweight” rating in a research note on Monday, November 17th. Jefferies Financial Group started coverage on shares of Figure Technology Solutions in a research report on Monday, October 6th. They set a “hold” rating and a $40.00 price target for the company. Keefe, Bruyette & Woods lifted their price objective on Figure Technology Solutions from $48.50 to $52.00 and gave the stock an “outperform” rating in a report on Tuesday, November 18th. Finally, Wall Street Zen upgraded Figure Technology Solutions to a “hold” rating in a research note on Monday, September 22nd. Six research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $50.38.

Hedge Funds Weigh In On Figure Technology Solutions

Several hedge funds and other institutional investors have recently modified their holdings of FIGR. Lunate Capital Ltd acquired a new position in Figure Technology Solutions during the third quarter worth about $24,732,000. Caitong International Asset Management Co. Ltd acquired a new stake in Figure Technology Solutions in the 3rd quarter valued at about $264,000. Woodline Partners LP purchased a new position in Figure Technology Solutions in the 3rd quarter worth approximately $1,091,000. NWI Management LP acquired a new position in shares of Figure Technology Solutions during the 3rd quarter worth approximately $7,529,000. Finally, XTX Topco Ltd acquired a new position in shares of Figure Technology Solutions during the 3rd quarter worth approximately $762,000.

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.