Insider Selling: Figure Technology Solutions (NASDAQ:FIGR) Insider Sells $1,993,160.40 in Stock

Figure Technology Solutions, Inc. (NASDAQ:FIGR) insider David Todd Stevens sold 47,064 shares of Figure Technology Solutions stock in a transaction dated Thursday, May 14th. The stock was sold at an average price of $42.35, for a total value of $1,993,160.40. Following the completion of the sale, the insider owned 406,051 shares of the company’s stock, valued at $17,196,259.85. The trade was a 10.39% 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.

David Todd Stevens also recently made the following trade(s):

• On Thursday, March 19th, David Todd Stevens sold 49,708 shares of Figure Technology Solutions stock. The stock was sold at an average price of $32.02, for a total value of $1,591,650.16.
• On Wednesday, February 18th, David Todd Stevens sold 26,057 shares of Figure Technology Solutions stock. The stock was sold at an average price of $32.00, for a total value of $833,824.00.

Figure Technology Solutions Price Performance

NASDAQ FIGR opened at $43.28 on Monday. Figure Technology Solutions, Inc. has a one year low of $25.01 and a one year high of $78.00. The stock has a 50-day moving average of $34.97 and a 200 day moving average of $40.35. The company has a market capitalization of $7.86 billion and a price-to-earnings ratio of 108.20. The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.20 and a current ratio of 2.20.

Figure Technology Solutions (NASDAQ:FIGR) last released its quarterly earnings data on Monday, May 11th. The company reported $0.18 EPS for the quarter, topping the consensus estimate of $0.17 by $0.01. The business had revenue of $166.84 million during the quarter. On average, sell-side analysts forecast that Figure Technology Solutions, Inc. will post 0.94 EPS for the current year.

Figure Technology Solutions announced that its board has initiated a share buyback plan on Thursday, February 26th that permits the company to buyback $200.00 million in shares. This buyback authorization permits the company to repurchase up to 3.3% of its stock through open market purchases. Stock buyback plans are often an indication that the company’s leadership believes its stock is undervalued.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on FIGR. Keefe, Bruyette & Woods upgraded Figure Technology Solutions from a “moderate buy” rating to a “strong-buy” rating in a research note on Thursday, February 19th. The Goldman Sachs Group cut their price target on Figure Technology Solutions from $49.00 to $44.00 and set a “buy” rating for the company in a research note on Monday, March 2nd. Weiss Ratings downgraded Figure Technology Solutions from a “sell (d+)” rating to a “sell (d)” rating in a research note on Friday, April 24th. Needham & Company LLC restated a “buy” rating and set a $55.00 price target on shares of Figure Technology Solutions in a research note on Wednesday, May 13th. Finally, Sanford C. Bernstein cut their price target on Figure Technology Solutions from $72.00 to $67.00 and set an “outperform” rating for the company in a research note on Monday, March 30th. Two equities research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating, two have issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Figure Technology Solutions has an average rating of “Moderate Buy” and an average price target of $53.63.

Institutional Investors Weigh In On Figure Technology Solutions

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Global Retirement Partners LLC bought a new position in shares of Figure Technology Solutions in the fourth quarter worth approximately $25,000. Strs Ohio bought a new position in shares of Figure Technology Solutions in the fourth quarter worth approximately $34,000. MetLife Investment Management LLC bought a new position in shares of Figure Technology Solutions in the fourth quarter worth approximately $35,000. WPG Advisers LLC boosted its position in shares of Figure Technology Solutions by 71.1% in the first quarter. WPG Advisers LLC now owns 934 shares of the company’s stock worth $32,000 after purchasing an additional 388 shares during the period. Finally, Flagship Harbor Advisors LLC bought a new position in shares of Figure Technology Solutions in the fourth quarter worth approximately $40,000.

Trending Headlines about Figure Technology Solutions

Here are the key news stories impacting Figure Technology Solutions this week:

• Positive Sentiment: Mizuho raised its price target on Figure Technology Solutions to $55 from $45 and kept an Outperform rating, signaling confidence in further upside for the stock. Mizuho Raises Figure Technology Solutions Price Target
• Positive Sentiment: Needham & Company reiterated a Buy rating on FIGR, reinforcing a constructive outlook from analysts. Needham & Company Buy Rating on Figure Technology Solutions
• Positive Sentiment: Recent coverage highlighted CEO Michael Tannenbaum’s comments on AI, blockchain, and growth opportunities, which may support investor optimism around the company’s long-term strategy. CEO Interview on AI, Blockchain and Capital Markets
• Neutral Sentiment: Market commentary compared FIGR’s year-to-date performance with other business services names, suggesting investors are still benchmarking the stock against its peers. FIGR vs. Peer Performance Article
• Negative Sentiment: Director Michael Scott Cagney sold 35,190 shares in a pre-arranged 10b5-1 transaction, reducing his position by 50%, which can weigh on sentiment despite the planned nature of the trade.
• Negative Sentiment: Director June Ou sold 35,190 shares in another pre-arranged 10b5-1 sale, adding to insider selling pressure on the stock.
• Negative Sentiment: Insider David Todd Stevens sold 47,064 shares, trimming his ownership by about 10.4%, which may raise caution even though the sale was also under a trading plan.

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.