Renaissance Technologies LLC Sells 25,900 Shares of Figure Technology Solutions, Inc. $FIGR

Renaissance Technologies LLC lowered its holdings in shares of Figure Technology Solutions, Inc. (NASDAQ:FIGR) by 53.5% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 22,500 shares of the company’s stock after selling 25,900 shares during the quarter. Renaissance Technologies LLC’s holdings in Figure Technology Solutions were worth $764,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Victory Capital Management Inc. acquired a new position in shares of Figure Technology Solutions in the 3rd quarter valued at approximately $9,221,000. Franklin Resources Inc. acquired a new stake in Figure Technology Solutions during the 3rd quarter worth approximately $5,456,000. BNP Paribas Financial Markets bought a new position in Figure Technology Solutions in the third quarter valued at approximately $102,000. UBS Group AG bought a new position in Figure Technology Solutions in the third quarter valued at approximately $7,620,000. Finally, Invesco Ltd. acquired a new position in shares of Figure Technology Solutions in the third quarter valued at approximately $25,451,000.

Key Figure Technology Solutions News

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

• 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.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the stock. Mizuho raised their price objective 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. Weiss Ratings raised shares of Figure Technology Solutions from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Thursday, June 4th. Sanford C. Bernstein increased their target price on Figure Technology Solutions from $67.00 to $70.00 and gave the stock an “outperform” rating in a report on Thursday, August 6th. Wall Street Zen raised Figure Technology Solutions from a “sell” rating to a “hold” rating in a research note on Saturday. Finally, Piper Sandler cut their price target on 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 investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $50.62.

Insider Buying and Selling

In related news, CEO Michael Benjamin Tannenbaum sold 14,871 shares of the business’s stock in a transaction on Tuesday, May 19th. The stock was sold at an average price of $37.27, for a total value of $554,242.17. Following the completion of the sale, the chief executive officer directly owned 3,193,641 shares in the company, valued at $119,027,000.07. The trade was a 0.46% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Minchung Kgil sold 9,117 shares of the company’s stock in a transaction on Monday, June 15th. The shares were sold at an average price of $30.06, for a total value of $274,057.02. Following the completion of the transaction, the chief financial officer directly owned 507,651 shares in the company, valued at approximately $15,259,989.06. This represents a 1.76% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 42,019 shares of company stock worth $1,364,796. 26.60% of the stock is owned by corporate insiders.

Figure Technology Solutions Stock Performance

Shares of FIGR stock opened at $31.43 on Friday. Figure Technology Solutions, Inc. has a 52 week low of $24.11 and a 52 week high of $78.00. The company has a market capitalization of $5.74 billion and a price-to-earnings ratio of 33.80. The company has a 50-day simple moving average of $29.26 and a 200 day simple moving average of $33.91. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.90 and a current ratio of 1.90.

Figure Technology Solutions (NASDAQ:FIGR) last released its quarterly earnings results on Thursday, August 13th. The company reported $0.35 earnings per share for the quarter, beating the consensus estimate of $0.24 by $0.11. The firm had revenue of $218.45 million for the quarter. Figure Technology Solutions had a net margin of 33.45% and a return on equity of 19.58%. On average, sell-side analysts predict that Figure Technology Solutions, Inc. will post 1.01 earnings per share for the current 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.