Figure Technology Solutions (NASDAQ:FIGR) Insider David Todd Stevens Sells 47,650 Shares of Stock

Figure Technology Solutions, Inc. (NASDAQ:FIGR) insider David Todd Stevens sold 47,650 shares of Figure Technology Solutions stock in a transaction that occurred on Friday, August 14th. The shares were sold at an average price of $31.38, for a total value of $1,495,257.00. Following the completion of the transaction, the insider owned 376,599 shares of the company’s stock, valued at approximately $11,817,676.62. The trade was a 11.23% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Figure Technology Solutions Stock Down 0.7%

Shares of Figure Technology Solutions stock opened at $35.52 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. The business’s 50 day simple moving average is $29.56 and its 200-day simple moving average is $33.29. The stock has a market capitalization of $6.49 billion and a price-to-earnings ratio of 38.19. Figure Technology Solutions, Inc. has a twelve month low of $24.11 and a twelve month high of $78.00.

Figure Technology Solutions (NASDAQ:FIGR) last released its quarterly earnings data on Thursday, August 13th. The company reported $0.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.24 by $0.11. The business had revenue of $218.45 million during the quarter. Figure Technology Solutions had a return on equity of 19.58% and a net margin of 33.45%. Equities research analysts forecast that Figure Technology Solutions, Inc. will post 1.18 earnings per share for the current year.

Institutional Investors Weigh In On Figure Technology Solutions

A number of institutional investors have recently added to or reduced their stakes in the company. Global Retirement Partners LLC purchased a new stake in shares of Figure Technology Solutions during the fourth quarter valued at $25,000. WPG Advisers LLC increased its stake in Figure Technology Solutions by 71.1% in the 1st 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. Strs Ohio acquired a new stake in Figure Technology Solutions during the 4th quarter worth about $34,000. MetLife Investment Management LLC purchased a new stake in Figure Technology Solutions during the fourth quarter valued at about $35,000. Finally, Johnson Financial Group Inc. acquired a new position in shares of Figure Technology Solutions in the fourth quarter worth about $41,000.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the stock. Piper Sandler reduced their price target on shares of Figure Technology Solutions from $75.00 to $65.00 and set an “overweight” rating for the company in a report on Wednesday, July 15th. Sanford C. Bernstein increased their price objective on shares of Figure Technology Solutions from $67.00 to $70.00 and gave the stock an “outperform” rating in a report on Thursday, August 6th. Mizuho boosted their target price on shares of Figure Technology Solutions from $45.00 to $55.00 and gave the company an “outperform” rating in a research note on Thursday, May 14th. Wall Street Zen upgraded shares of Figure Technology Solutions from a “sell” rating to a “hold” rating in a research report on Saturday. Finally, Weiss Ratings upgraded shares of Figure Technology Solutions from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Thursday, June 4th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Figure Technology Solutions has a consensus rating of “Moderate Buy” and an average target price of $50.62.

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.