Figure Technology Solutions (NASDAQ:FIGR) Director Michael Scott Cagney Sells 35,190 Shares

Figure Technology Solutions, Inc. (NASDAQ:FIGR) Director Michael Scott Cagney sold 35,190 shares of the stock in a transaction dated Wednesday, May 13th. The shares were sold at an average price of $38.20, for a total value of $1,344,258.00. Following the completion of the transaction, the director directly owned 35,190 shares in the company, valued at $1,344,258. This represents a 50.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Wednesday, April 15th, Michael Scott Cagney sold 67,840 shares of Figure Technology Solutions stock. The shares were sold at an average price of $35.19, for a total value of $2,387,289.60.

Figure Technology Solutions Stock Performance

Shares of FIGR stock traded up $0.06 during mid-day trading on Friday, reaching $43.28. The stock had a trading volume of 5,202,795 shares, compared to its average volume of 5,146,904. The business’s fifty day moving average is $34.71 and its 200-day moving average is $40.34. The company has a current ratio of 2.20, a quick ratio of 2.20 and a debt-to-equity ratio of 0.19. The firm has a market cap of $7.86 billion and a price-to-earnings ratio of 108.20. 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 posted its earnings results on Monday, May 11th. The company reported $0.18 EPS for the quarter, topping the consensus estimate of $0.17 by $0.01. The company had revenue of $166.84 million for the quarter. On average, research analysts forecast that Figure Technology Solutions, Inc. will post 0.94 earnings per share for the current year.

Figure Technology Solutions announced that its board has approved a stock repurchase program on Thursday, February 26th that authorizes the company to buyback $200.00 million in outstanding shares. This buyback authorization authorizes the company to purchase up to 3.3% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s leadership believes its shares are undervalued.

Analyst Upgrades and Downgrades

Several research firms recently commented on FIGR. Zacks Research raised Figure Technology Solutions from a “strong sell” rating to a “hold” rating in a report on Tuesday, April 14th. Texas Capital raised Figure Technology Solutions to a “strong-buy” rating in a report on Thursday, January 29th. Weiss Ratings lowered Figure Technology Solutions from a “sell (d+)” rating to a “sell (d)” rating in a report on Friday, April 24th. Sanford C. Bernstein dropped their target price on Figure Technology Solutions from $72.00 to $67.00 and set an “outperform” rating on the stock in a report on Monday, March 30th. Finally, Mizuho raised their target price on Figure Technology Solutions from $45.00 to $55.00 and gave the stock an “outperform” rating in a report on Thursday. Two research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating, two have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, Figure Technology Solutions presently has an average rating of “Moderate Buy” and a consensus price target of $53.63.

Key Figure Technology Solutions News

Here are the key news stories impacting Figure Technology Solutions this week:

• Positive Sentiment: Mizuho raised its price target on Figure Technology Solutions to $55 from $45 and kept an Outperform rating, signaling confidence in further upside for the stock. Mizuho Raises Figure Technology Solutions Price Target
• Positive Sentiment: Needham & Company reiterated a Buy rating on FIGR, reinforcing a constructive outlook from analysts. Needham & Company Buy Rating on Figure Technology Solutions
• Positive Sentiment: Recent coverage highlighted CEO Michael Tannenbaum’s comments on AI, blockchain, and growth opportunities, which may support investor optimism around the company’s long-term strategy. CEO Interview on AI, Blockchain and Capital Markets
• Neutral Sentiment: Market commentary compared FIGR’s year-to-date performance with other business services names, suggesting investors are still benchmarking the stock against its peers. FIGR vs. Peer Performance Article
• Negative Sentiment: Director Michael Scott Cagney sold 35,190 shares in a pre-arranged 10b5-1 transaction, reducing his position by 50%, which can weigh on sentiment despite the planned nature of the trade.
• Negative Sentiment: Director June Ou sold 35,190 shares in another pre-arranged 10b5-1 sale, adding to insider selling pressure on the stock.
• Negative Sentiment: Insider David Todd Stevens sold 47,064 shares, trimming his ownership by about 10.4%, which may raise caution even though the sale was also under a trading plan.

Hedge Funds Weigh In On Figure Technology Solutions

Hedge funds have recently bought and sold shares of the business. Global Retirement Partners LLC purchased a new position in Figure Technology Solutions during the fourth quarter worth approximately $25,000. Strs Ohio purchased a new position in Figure Technology Solutions during the fourth quarter worth approximately $34,000. MetLife Investment Management LLC purchased a new position in Figure Technology Solutions during the fourth quarter worth approximately $35,000. WPG Advisers LLC boosted its position in Figure Technology Solutions by 71.1% during the first quarter. WPG Advisers LLC now owns 934 shares of the company’s stock worth $32,000 after purchasing an additional 388 shares in the last quarter. Finally, Flagship Harbor Advisors LLC purchased a new position in Figure Technology Solutions during the fourth quarter worth approximately $40,000.

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. 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.