37,701 Shares in Figure Technology Solutions, Inc. $FIGR Bought by Whittier Trust Co. of Nevada Inc.

Whittier Trust Co. of Nevada Inc. acquired a new position in shares of Figure Technology Solutions, Inc. (NASDAQ:FIGR) in the first quarter, Holdings Channel.com reports. The firm acquired 37,701 shares of the company’s stock, valued at approximately $1,218,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Whittier Trust Co. acquired a new stake in shares of Figure Technology Solutions in the first quarter valued at about $2,319,000. HB Wealth Management LLC purchased a new position in Figure Technology Solutions in the 1st quarter valued at about $598,000. Elevation Point Wealth Partners LLC purchased a new position in Figure Technology Solutions in the 1st quarter valued at about $575,000. Fideuram Intesa Sanpaolo Private Banking S.P.A. boosted its holdings in Figure Technology Solutions by 13.6% in the 1st quarter. Fideuram Intesa Sanpaolo Private Banking S.P.A. now owns 446,481 shares of the company’s stock worth $15,158,000 after buying an additional 53,434 shares during the last quarter. Finally, Faithward Advisors LLC purchased a new stake in Figure Technology Solutions during the 1st quarter worth approximately $1,902,000.

Figure Technology Solutions Trading Down 9.8%

Shares of FIGR opened at $31.05 on Wednesday. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 0.20. Figure Technology Solutions, Inc. has a 12-month low of $25.01 and a 12-month high of $78.00. The firm has a 50-day moving average price of $32.92 and a 200 day moving average price of $38.55. The firm has a market capitalization of $5.67 billion and a P/E ratio of 53.53.

Figure Technology Solutions (NASDAQ:FIGR) last issued its earnings results on Monday, May 11th. The company reported $0.18 EPS for the quarter, topping analysts’ consensus estimates of $0.17 by $0.01. The firm had revenue of $166.84 million for the quarter. Sell-side analysts forecast that Figure Technology Solutions, Inc. will post 0.94 EPS for the current year.

Analyst Ratings Changes

A number of equities analysts have commented on the company. Sanford C. Bernstein reduced their target price on Figure Technology Solutions from $72.00 to $67.00 and set an “outperform” rating for the company in a report on Monday, March 30th. Weiss Ratings upgraded Figure Technology Solutions from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday, June 4th. Mizuho increased their price objective on Figure Technology Solutions from $45.00 to $55.00 and gave the company an “outperform” rating in a research note on Thursday, May 14th. Zacks Research upgraded Figure Technology Solutions from a “strong sell” rating to a “hold” rating in a report on Tuesday, April 14th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $55.00 target price on shares of Figure Technology Solutions in a research note on Wednesday, May 13th. Two analysts have rated the stock with a Strong Buy rating, five have given a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $53.62.

Insider Buying and Selling at Figure Technology Solutions

In related news, insider David Todd Stevens sold 47,064 shares of the 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 completion of the transaction, the insider directly owned 406,051 shares in the company, valued at approximately $17,196,259.85. This represents a 10.39% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director June Ou sold 35,190 shares of Figure Technology Solutions stock in a transaction on Wednesday, May 13th. The shares were sold at an average price of $38.20, for a total value of $1,344,258.00. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 479,337 shares of company stock worth $16,910,863. Insiders own 26.60% of the company’s stock.

Figure Technology Solutions 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.