Figure Technology Solutions (NASDAQ:FIGR) CFO Sells $112,520.00 in Stock

Figure Technology Solutions, Inc. (NASDAQ:FIGR) CFO Minchung Kgil sold 4,000 shares of the firm’s stock in a transaction on Friday, July 24th. The stock was sold at an average price of $28.13, for a total transaction of $112,520.00. Following the transaction, the chief financial officer directly owned 495,651 shares of the company’s stock, valued at approximately $13,942,662.63. This trade represents a 0.80% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Minchung Kgil also recently made the following trade(s):

• On Tuesday, June 30th, Minchung Kgil sold 4,000 shares of Figure Technology Solutions stock. The shares were sold at an average price of $30.03, for a total transaction of $120,120.00.
• On Wednesday, June 24th, Minchung Kgil sold 4,000 shares of Figure Technology Solutions stock. The stock was sold at an average price of $27.64, for a total value of $110,560.00.
• On Monday, June 15th, Minchung Kgil sold 9,117 shares of Figure Technology Solutions stock. The shares were sold at an average price of $30.06, for a total value of $274,057.02.

Figure Technology Solutions Stock Performance

Shares of FIGR stock traded down $1.28 on Tuesday, hitting $27.55. The company had a trading volume of 2,458,972 shares, compared to its average volume of 4,620,892. Figure Technology Solutions, Inc. has a twelve month low of $25.01 and a twelve month high of $78.00. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 0.20. The firm has a market cap of $5.03 billion and a P/E ratio of 47.50. The company has a 50-day moving average price of $30.79 and a 200-day moving average price of $37.13.

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. As a group, equities research analysts predict that Figure Technology Solutions, Inc. will post 0.92 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Figure Technology Solutions

A number of institutional investors have recently added to or reduced their stakes in the stock. Victory Capital Management Inc. purchased a new stake in Figure Technology Solutions in the 3rd quarter worth $9,221,000. Franklin Resources Inc. purchased a new position in Figure Technology Solutions during the third quarter valued at $5,456,000. BNP Paribas Financial Markets acquired a new stake in shares of Figure Technology Solutions in the third quarter valued at about $102,000. UBS Group AG acquired a new stake in shares of Figure Technology Solutions in the third quarter valued at about $7,620,000. Finally, Invesco Ltd. purchased a new stake in shares of Figure Technology Solutions during the third quarter worth about $25,451,000.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on FIGR. Bank of America cut their target price on shares of Figure Technology Solutions from $34.00 to $31.00 in a report on Thursday, April 2nd. Mizuho increased their price target on shares of Figure Technology Solutions from $45.00 to $55.00 and gave the stock an “outperform” rating in a report on Thursday, May 14th. Sanford C. Bernstein dropped their price target on shares of 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. Wall Street Zen cut shares of Figure Technology Solutions from a “hold” rating to a “sell” rating in a report on Sunday, July 12th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $55.00 price objective on shares of Figure Technology Solutions in a research report on Wednesday, July 8th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Figure Technology Solutions presently has an average rating of “Moderate Buy” and an average target price of $50.25.

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.