Figure Technology Solutions (NASDAQ:FIGR) CEO Michael Benjamin Tannenbaum Sells 2,031 Shares

Figure Technology Solutions, Inc. (NASDAQ:FIGR) CEO Michael Benjamin Tannenbaum sold 2,031 shares of the company’s stock in a transaction that occurred on Wednesday, May 20th. The shares were sold at an average price of $36.03, for a total value of $73,176.93. Following the transaction, the chief executive officer directly owned 3,193,641 shares of the company’s stock, valued at $115,066,885.23. The trade was a 0.06% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Michael Benjamin Tannenbaum also recently made the following trade(s):

• On Tuesday, May 19th, Michael Benjamin Tannenbaum sold 14,871 shares of Figure Technology Solutions stock. The shares were sold at an average price of $37.27, for a total transaction of $554,242.17.
• On Wednesday, April 29th, Michael Benjamin Tannenbaum sold 56,825 shares of Figure Technology Solutions stock. The shares were sold at an average price of $31.97, for a total transaction of $1,816,695.25.
• On Tuesday, April 28th, Michael Benjamin Tannenbaum sold 127,369 shares of Figure Technology Solutions stock. The stock was sold at an average price of $33.35, for a total value of $4,247,756.15.

Figure Technology Solutions Price Performance

FIGR opened at $34.38 on Friday. The company has a current ratio of 1.90, a quick ratio of 2.20 and a debt-to-equity ratio of 0.20. The stock has a fifty day simple moving average of $35.19 and a two-hundred day simple moving average of $40.21. The company has a market cap of $6.28 billion and a price-to-earnings ratio of 59.28. Figure Technology Solutions, Inc. has a 12-month low of $25.01 and a 12-month high of $78.00.

Figure Technology Solutions (NASDAQ:FIGR) last posted 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 for the quarter. Research analysts predict that Figure Technology Solutions, Inc. will post 0.94 earnings per share for the current fiscal year.

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

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on FIGR shares. Texas Capital raised shares of Figure Technology Solutions to a “strong-buy” rating in a research report on Thursday, January 29th. Sanford C. Bernstein dropped their price objective 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. The Goldman Sachs Group reduced their price target on shares of Figure Technology Solutions from $49.00 to $44.00 and set a “buy” rating on the stock in a report on Monday, March 2nd. Needham & Company LLC reaffirmed a “buy” rating and set a $55.00 price objective on shares of Figure Technology Solutions in a report on Wednesday, May 13th. Finally, Mizuho lifted their price target on Figure Technology Solutions from $45.00 to $55.00 and gave the stock an “outperform” rating in a research report on Thursday, May 14th. Two equities research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating, two have assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $53.63.

Institutional Trading of Figure Technology Solutions

Large investors have recently bought and sold shares of the stock. WPG Advisers LLC lifted its position in Figure Technology Solutions by 71.1% during the 1st quarter. WPG Advisers LLC now owns 934 shares of the company’s stock worth $32,000 after acquiring an additional 388 shares during the period. State of Wyoming increased its stake in shares of Figure Technology Solutions by 14.8% in the 1st quarter. State of Wyoming now owns 3,864 shares of the company’s stock valued at $131,000 after purchasing an additional 498 shares in the last quarter. Arcus Capital Partners LLC grew its holdings in Figure Technology Solutions by 7.9% in the first quarter. Arcus Capital Partners LLC now owns 7,400 shares of the company’s stock valued at $251,000 after purchasing an additional 541 shares during the period. Global Retirement Partners LLC acquired a new stake in Figure Technology Solutions in the fourth quarter valued at approximately $25,000. Finally, Wells Fargo & Company MN grew its holdings in Figure Technology Solutions by 3.5% in the fourth quarter. Wells Fargo & Company MN now owns 18,429 shares of the company’s stock valued at $753,000 after purchasing an additional 616 shares during the period.

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.