Quantinno Capital Management LP bought a new stake in shares of Figure Technology Solutions, Inc. (NASDAQ:FIGR – Free Report) during the 1st quarter, according to its most recent filing with the SEC. The fund bought 32,349 shares of the company’s stock, valued at approximately $1,098,000.
Other hedge funds have also recently added to or reduced their stakes in the company. Victory Capital Management Inc. bought a new position in Figure Technology Solutions during the third quarter worth about $9,221,000. Franklin Resources Inc. bought a new stake in shares of Figure Technology Solutions in the 3rd quarter valued at approximately $5,456,000. BNP Paribas Financial Markets bought a new stake in shares of Figure Technology Solutions in the 3rd quarter valued at approximately $102,000. UBS Group AG acquired a new position in shares of Figure Technology Solutions in the 3rd quarter worth approximately $7,620,000. Finally, Invesco Ltd. bought a new position in shares of Figure Technology Solutions during the 3rd quarter worth approximately $25,451,000.
Insider Buying and Selling at Figure Technology Solutions
In related news, CFO Minchung Kgil sold 4,000 shares of Figure Technology Solutions stock in a transaction dated Wednesday, August 12th. The stock was sold at an average price of $30.03, for a total value of $120,120.00. Following the completion of the transaction, the chief financial officer directly owned 491,651 shares of the company’s stock, valued at $14,764,279.53. The trade was a 0.81% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Michael Benjamin Tannenbaum sold 2,031 shares of the company’s stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of $36.03, for a total transaction of $73,176.93. Following the transaction, the chief executive officer owned 3,193,641 shares in the company, valued at approximately $115,066,885.23. This trade represents a 0.06% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 42,019 shares of company stock worth $1,364,796 in the last 90 days. Company insiders own 26.60% of the company’s stock.
Key Headlines Impacting Figure Technology Solutions
- Positive Sentiment: Strong Q2 earnings: Figure reported diluted EPS of $0.35, exceeding the $0.24 consensus estimate, while net revenue reached $225.6 million, up 113% year over year. Net income surged 192% to $87.4 million, and adjusted EBITDA rose 126% to $119.4 million. Figure Technology Solutions Reports Strong Second Quarter 2026 Results
- Positive Sentiment: Marketplace growth and upbeat outlook: Consumer Loan Marketplace volume increased 132% to $4.3 billion, with Figure Connect accounting for 65% of volume. Management projects third-quarter volume of $4.8 billion to $5.2 billion and said the pending Kiavi acquisition remains on track to close in the second half of 2026. Figure Projects Q3 Consumer Loan Marketplace Volume
- Positive Sentiment: Analyst support: Needham reaffirmed its “buy” rating and assigned a $55 price target, implying substantial upside from recent trading levels. Needham Reaffirms Buy Rating on Figure Technology Solutions
- Neutral Sentiment: Figure’s net take rate declined to 3.6% from 4.0% a year earlier, suggesting that competitive pricing or business mix may be tempering monetization even as transaction volume expands.
- Negative Sentiment: Insider selling: CFO Minchung Kgil sold 4,000 shares for approximately $120,120 under a pre-arranged Rule 10b5-1 plan. The relatively small transaction followed a broader pattern of insider sales and no reported purchases, which may weigh on sentiment. SEC Insider Transaction Filing
- Negative Sentiment: The stock remains valued at a relatively high earnings multiple, while Figure continues to identify risks involving lending conditions, regulation, technology, third-party providers and the successful completion of the Kiavi acquisition.
Analyst Ratings Changes
Several analysts recently commented on the company. Keefe, Bruyette & Woods decreased their price target on Figure Technology Solutions from $55.00 to $45.00 and set an “outperform” rating on the stock in a research note on Monday, July 13th. Mizuho increased their price objective on Figure Technology Solutions from $45.00 to $55.00 and gave the stock an “outperform” rating in a research note on Thursday, May 14th. Wall Street Zen raised Figure Technology Solutions from a “sell” rating to a “hold” rating in a report on Saturday. Needham & Company LLC restated a “buy” rating and issued a $55.00 target price on shares of Figure Technology Solutions in a research note on Friday. Finally, Piper Sandler lowered their target price on shares of Figure Technology Solutions from $75.00 to $65.00 and set an “overweight” rating on the stock in a report on Wednesday, July 15th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $50.62.
Figure Technology Solutions Stock Down 1.4%
Shares of FIGR opened at $31.43 on Friday. The company has a market capitalization of $5.74 billion and a P/E ratio of 33.80. Figure Technology Solutions, Inc. has a one year low of $24.11 and a one year high of $78.00. The business’s 50 day simple moving average is $29.26 and its 200-day simple moving average is $33.91. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.90 and a quick ratio of 1.90.
Figure Technology Solutions (NASDAQ:FIGR – Get Free Report) last released its quarterly earnings results on Thursday, August 13th. The company reported $0.35 earnings per share for the quarter, beating analysts’ consensus estimates of $0.24 by $0.11. Figure Technology Solutions had a return on equity of 19.58% and a net margin of 33.45%.The firm had revenue of $218.45 million during the quarter. As a group, sell-side analysts predict that Figure Technology Solutions, Inc. will post 1.01 EPS for the current fiscal year.
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.
Featured Articles
- Five stocks we like better than Figure Technology Solutions
- Is Best Buy the AI Winner Hiding in the Electronics Aisle?
- Applied Materials Beat Everything but Wall Street’s Expectations for Margins
- Back From Orbit, Intuitive Machines’ Share Price Enters the Buy Zone
- Texas Roadhouse and Brinker International Have the Recipe Rivals Are Missing
Want to see what other hedge funds are holding FIGR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Figure Technology Solutions, Inc. (NASDAQ:FIGR – Free Report).
Receive News & Ratings for Figure Technology Solutions Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Figure Technology Solutions and related companies with MarketBeat.com's FREE daily email newsletter.
