Figure Technology Solutions (NASDAQ:FIGR) CFO Minchung Kgil Sells 100,000 Shares of Stock

Figure Technology Solutions, Inc. (NASDAQ:FIGR) CFO Minchung Kgil sold 100,000 shares of the business’s stock in a transaction on Tuesday, December 2nd. The shares were sold at an average price of $35.09, for a total value of $3,509,000.00. Following the completion of the sale, the chief financial officer owned 617,149 shares in the company, valued at approximately $21,655,758.41. The trade was a 13.94% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• On Wednesday, December 3rd, Minchung Kgil sold 32,994 shares of Figure Technology Solutions stock. The shares were sold at an average price of $35.05, for a total transaction of $1,156,439.70.

Figure Technology Solutions Price Performance

FIGR opened at $37.90 on Friday. The stock has a 50-day simple moving average of $39.30. Figure Technology Solutions, Inc. has a twelve month low of $30.01 and a twelve month high of $49.50.

Figure Technology Solutions (NASDAQ:FIGR) last posted its quarterly earnings data on Thursday, November 13th. The company reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.18. The business had revenue of $156.03 million for the quarter.

Hedge Funds Weigh In On Figure Technology Solutions

Hedge funds and other institutional investors have recently modified their holdings of the company. Blue Trust Inc. bought a new stake in Figure Technology Solutions in the third quarter valued at $64,000. SBI Securities Co. Ltd. purchased a new stake in shares of Figure Technology Solutions in the 3rd quarter worth about $66,000. PNC Financial Services Group Inc. bought a new stake in shares of Figure Technology Solutions during the 3rd quarter valued at about $73,000. BNP Paribas Financial Markets bought a new stake in shares of Figure Technology Solutions during the 3rd quarter valued at about $102,000. Finally, Ameritas Advisory Services LLC purchased a new position in shares of Figure Technology Solutions during the third quarter valued at about $200,000.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on FIGR. Jefferies Financial Group began coverage on Figure Technology Solutions in a report on Monday, October 6th. They set a “hold” rating and a $40.00 price objective for the company. Zacks Research raised shares of Figure Technology Solutions to a “hold” rating in a research note on Tuesday, October 7th. Piper Sandler lifted their price objective on shares of Figure Technology Solutions from $50.00 to $55.00 and gave the stock an “overweight” rating in a report on Monday, November 17th. Wall Street Zen upgraded Figure Technology Solutions to a “hold” rating in a research report on Monday, September 22nd. Finally, Needham & Company LLC restated a “buy” rating and issued a $51.00 target price on shares of Figure Technology Solutions in a research report on Monday, November 17th. Six investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Figure Technology Solutions presently has an average rating of “Moderate Buy” and a consensus target price of $50.38.

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.