David Todd Stevens Sells 40,000 Shares of Figure Technology Solutions (NASDAQ:FIGR) Stock

Figure Technology Solutions, Inc. (NASDAQ:FIGR) insider David Todd Stevens sold 40,000 shares of Figure Technology Solutions stock in a transaction on Wednesday, December 3rd. The shares were sold at an average price of $35.22, for a total transaction of $1,408,800.00. Following the transaction, the insider owned 489,000 shares in the company, valued at $17,222,580. The trade was a 7.56% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

David Todd Stevens also recently made the following trade(s):

• On Tuesday, November 18th, David Todd Stevens sold 83,500 shares of Figure Technology Solutions stock. The shares were sold at an average price of $39.29, for a total value of $3,280,715.00.

Figure Technology Solutions Price Performance

Shares of FIGR traded up $3.64 during midday trading on Thursday, reaching $39.02. 1,945,057 shares of the company were exchanged, compared to its average volume of 3,155,108. Figure Technology Solutions, Inc. has a 1-year low of $30.01 and a 1-year high of $49.50. The company’s 50-day moving average is $39.33.

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

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on FIGR shares. Bank of America boosted their target price on shares of Figure Technology Solutions from $41.00 to $47.00 and gave the stock a “neutral” rating in a research report on Monday, November 17th. Zacks Research upgraded shares of Figure Technology Solutions to a “hold” rating in a report on Tuesday, October 7th. Piper Sandler raised their target price on Figure Technology Solutions from $50.00 to $55.00 and gave the company an “overweight” rating in a research note on Monday, November 17th. The Goldman Sachs Group boosted their price target on Figure Technology Solutions from $42.00 to $48.00 and gave the stock a “buy” rating in a research note on Tuesday, October 14th. Finally, Needham & Company LLC restated a “buy” rating and set a $51.00 price objective on shares of Figure Technology Solutions in a research note on Monday, November 17th. 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 has an average rating of “Moderate Buy” and an average price target of $50.38.

Hedge Funds Weigh In On Figure Technology Solutions

Several large investors have recently modified their holdings of the stock. Blue Trust Inc. acquired a new position in Figure Technology Solutions in the third quarter worth about $64,000. SBI Securities Co. Ltd. bought a new stake in shares of Figure Technology Solutions in the 3rd quarter valued at approximately $66,000. PNC Financial Services Group Inc. bought a new stake in shares of Figure Technology Solutions in the 3rd quarter valued at approximately $73,000. BNP Paribas Financial Markets acquired a new stake in shares of Figure Technology Solutions during the 3rd quarter valued at approximately $102,000. Finally, Ameritas Advisory Services LLC bought a new position in Figure Technology Solutions during the third quarter worth $200,000.

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.