Figure Technology Solutions (NASDAQ:FIGR) Insider David Todd Stevens Sells 47,064 Shares

Figure Technology Solutions, Inc. (NASDAQ:FIGR) insider David Todd Stevens sold 47,064 shares of the firm’s stock in a transaction that occurred on Thursday, May 14th. The stock was sold at an average price of $42.35, for a total value of $1,993,160.40. Following the transaction, the insider owned 406,051 shares in the company, valued at approximately $17,196,259.85. The trade was a 10.39% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Thursday, March 19th, David Todd Stevens sold 49,708 shares of Figure Technology Solutions stock. The stock was sold at an average price of $32.02, for a total value of $1,591,650.16.
• On Wednesday, February 18th, David Todd Stevens sold 26,057 shares of Figure Technology Solutions stock. The stock was sold at an average price of $32.00, for a total value of $833,824.00.

Figure Technology Solutions Trading Up 0.1%

FIGR traded up $0.06 on Friday, hitting $43.28. 5,202,795 shares of the company were exchanged, compared to its average volume of 5,146,904. The firm has a fifty day simple moving average of $34.71 and a two-hundred day simple moving average of $40.34. The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.20 and a current ratio of 2.20. 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 $7.86 billion and a PE ratio of 108.20.

Figure Technology Solutions (NASDAQ:FIGR) last posted its quarterly earnings results on Monday, May 11th. The company reported $0.18 earnings per share (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. Sell-side analysts expect that Figure Technology Solutions, Inc. will post 0.94 earnings per share for the current year.

Figure Technology Solutions announced that its Board of Directors has authorized a share buyback program on Thursday, February 26th that allows the company to repurchase $200.00 million in outstanding shares. This repurchase authorization allows the company to repurchase up to 3.3% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s board believes its shares are undervalued.

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.

Institutional Investors Weigh In On Figure Technology Solutions

Several hedge funds have recently made changes to their positions in FIGR. Global Retirement Partners LLC bought a new stake in shares of Figure Technology Solutions during the fourth quarter valued at approximately $25,000. WPG Advisers LLC boosted its position in shares of Figure Technology Solutions by 71.1% during the first quarter. WPG Advisers LLC now owns 934 shares of the company’s stock valued at $32,000 after purchasing an additional 388 shares in the last quarter. Strs Ohio bought a new stake in shares of Figure Technology Solutions during the fourth quarter valued at approximately $34,000. MetLife Investment Management LLC bought a new stake in shares of Figure Technology Solutions during the fourth quarter valued at approximately $35,000. Finally, Flagship Harbor Advisors LLC bought a new stake in shares of Figure Technology Solutions during the fourth quarter valued at approximately $40,000.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. Bank of America cut their price objective on Figure Technology Solutions from $34.00 to $31.00 in a research report on Thursday, April 2nd. Mizuho lifted their price objective on Figure Technology Solutions from $45.00 to $55.00 and gave the stock an “outperform” rating in a research report on Thursday. The Goldman Sachs Group cut their price objective on Figure Technology Solutions from $49.00 to $44.00 and set a “buy” rating on the stock in a research report on Monday, March 2nd. Sanford C. Bernstein cut their price objective 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. Finally, Weiss Ratings lowered Figure Technology Solutions from a “sell (d+)” rating to a “sell (d)” rating in a research report on Friday, April 24th. Two analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating, two have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, Figure Technology Solutions currently has an average rating of “Moderate Buy” and a consensus price target of $53.63.

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.