Figure Technology Solutions (NASDAQ:FIGR) CEO Sells $1,005,567.92 in Stock

Figure Technology Solutions, Inc. (NASDAQ:FIGR) CEO Michael Benjamin Tannenbaum sold 29,437 shares of the company’s stock in a transaction on Tuesday, November 25th. The stock was sold at an average price of $34.16, for a total value of $1,005,567.92. Following the completion of the sale, the chief executive officer directly owned 3,791,929 shares in the company, valued at approximately $129,532,294.64. The trade was a 0.77% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Michael Benjamin Tannenbaum also recently made the following trade(s):

• On Monday, November 24th, Michael Benjamin Tannenbaum sold 100,000 shares of Figure Technology Solutions stock. The shares were sold at an average price of $35.82, for a total value of $3,582,000.00.
• On Tuesday, November 18th, Michael Benjamin Tannenbaum sold 908,000 shares of Figure Technology Solutions stock. The shares were sold at an average price of $39.19, for a total transaction of $35,584,520.00.
• On Friday, September 12th, Michael Benjamin Tannenbaum sold 297,171 shares of Figure Technology Solutions stock. The stock was sold at an average price of $25.00, for a total transaction of $7,429,275.00.

Figure Technology Solutions Price Performance

Shares of Figure Technology Solutions stock opened at $36.24 on Friday. Figure Technology Solutions, Inc. has a 1 year low of $30.01 and a 1 year high of $49.50. The stock has a 50-day simple moving average of $39.68.

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of FIGR. Atika Capital Management LLC bought a new stake in Figure Technology Solutions in the 3rd quarter worth about $1,964,000. Orland Properties Ltd purchased a new stake in shares of Figure Technology Solutions during the 3rd quarter valued at about $319,187,000. Royce & Associates LP purchased a new position in shares of Figure Technology Solutions during the third quarter valued at approximately $1,146,000. PNC Financial Services Group Inc. bought a new position in Figure Technology Solutions during the third quarter valued at approximately $73,000. Finally, Vanguard Group Inc. bought a new position in Figure Technology Solutions during the third quarter valued at approximately $91,751,000.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on FIGR. Wall Street Zen raised Figure Technology Solutions to a “hold” rating in a research report on Monday, September 22nd. Mizuho raised their price target on Figure Technology Solutions from $47.00 to $56.00 and gave the company an “outperform” rating in a report on Monday, November 17th. Sanford C. Bernstein started coverage on Figure Technology Solutions in a research report on Monday, October 6th. They issued an “outperform” rating and a $54.00 price target for the company. Keefe, Bruyette & Woods increased their price objective on shares of Figure Technology Solutions from $48.50 to $52.00 and gave the company an “outperform” rating in a research report on Tuesday, November 18th. Finally, Jefferies Financial Group initiated coverage on shares of Figure Technology Solutions in a report on Monday, October 6th. They issued a “hold” rating and a $40.00 target price for the company. Six analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $50.38.

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.