Insider Selling: Figure Technology Solutions (NASDAQ:FIGR) CEO Sells 90,026 Shares of Stock

Figure Technology Solutions, Inc. (NASDAQ:FIGR) CEO Michael Benjamin Tannenbaum sold 90,026 shares of the stock in a transaction that occurred on Wednesday, December 3rd. The stock was sold at an average price of $35.12, for a total transaction of $3,161,713.12. Following the transaction, the chief executive officer directly owned 3,641,903 shares in the company, valued at approximately $127,903,633.36. This represents a 2.41% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Michael Benjamin Tannenbaum also recently made the following trade(s):

• On Tuesday, December 2nd, Michael Benjamin Tannenbaum sold 60,000 shares of Figure Technology Solutions stock. The shares were sold at an average price of $35.22, for a total transaction of $2,113,200.00.
• On Tuesday, November 25th, Michael Benjamin Tannenbaum sold 29,437 shares of Figure Technology Solutions stock. The stock was sold at an average price of $34.16, for a total value of $1,005,567.92.
• On Monday, November 24th, Michael Benjamin Tannenbaum sold 100,000 shares of Figure Technology Solutions stock. The shares were sold at an average price of $35.82, for a total value of $3,582,000.00.
• On Tuesday, November 18th, Michael Benjamin Tannenbaum sold 908,000 shares of Figure Technology Solutions stock. The shares were sold at an average price of $39.19, for a total value of $35,584,520.00.
• On Friday, September 12th, Michael Benjamin Tannenbaum sold 297,171 shares of Figure Technology Solutions stock. The stock was sold at an average price of $25.00, for a total value of $7,429,275.00.

Figure Technology Solutions Price Performance

Shares of Figure Technology Solutions stock traded up $3.64 during trading hours on Thursday, reaching $39.02. The stock had a trading volume of 1,945,057 shares, 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 business’s 50 day simple 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, topping analysts’ consensus estimates of $0.16 by $0.18. The business had revenue of $156.03 million for the quarter.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on FIGR shares. The Goldman Sachs Group raised their target price on shares of Figure Technology Solutions from $42.00 to $48.00 and gave the company a “buy” rating in a research note on Tuesday, October 14th. Piper Sandler raised their price objective on Figure Technology Solutions from $50.00 to $55.00 and gave the company an “overweight” rating in a research report on Monday, November 17th. Zacks Research raised Figure Technology Solutions to a “hold” rating in a research report on Tuesday, October 7th. Needham & Company LLC reiterated a “buy” rating and issued a $51.00 target price on shares of Figure Technology Solutions in a research note on Monday, November 17th. Finally, Jefferies Financial Group assumed coverage on Figure Technology Solutions in a research report on Monday, October 6th. They set a “hold” rating and a $40.00 price target on the stock. Six analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $50.38.

Institutional Trading of Figure Technology Solutions

A number of hedge funds and other institutional investors have recently modified their holdings of FIGR. Orland Properties Ltd acquired a new position in shares of Figure Technology Solutions in the third quarter worth about $319,187,000. Vanguard Group Inc. purchased a new stake in Figure Technology Solutions during the 3rd quarter worth approximately $91,751,000. Duquesne Family Office LLC acquired a new position in shares of Figure Technology Solutions in the 3rd quarter valued at approximately $76,989,000. Pantera Capital Partners LP purchased a new position in shares of Figure Technology Solutions during the 3rd quarter valued at approximately $56,114,000. Finally, Capital World Investors acquired a new stake in shares of Figure Technology Solutions during the third quarter worth approximately $50,918,000.

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.