Figure Technology Solutions, Inc. $FIGR Holdings Lowered by J Digital 6 LLC

J Digital 6 LLC trimmed its stake in shares of Figure Technology Solutions, Inc. (NASDAQ:FIGR) by 5.7% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,089,351 shares of the company’s stock after selling 187,236 shares during the period. Figure Technology Solutions comprises 74.9% of J Digital 6 LLC’s holdings, making the stock its largest position. J Digital 6 LLC’s holdings in Figure Technology Solutions were worth $104,883,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Global Retirement Partners LLC acquired a new position in Figure Technology Solutions in the fourth quarter valued at approximately $25,000. WPG Advisers LLC grew its stake in shares of 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 purchasing an additional 388 shares during the period. Strs Ohio acquired a new stake in shares of Figure Technology Solutions during the 4th quarter worth approximately $34,000. MetLife Investment Management LLC purchased a new position in shares of Figure Technology Solutions during the 4th quarter valued at approximately $35,000. Finally, Flagship Harbor Advisors LLC purchased a new position in shares of Figure Technology Solutions during the 4th quarter valued at approximately $40,000.

Insider Activity at Figure Technology Solutions

In other news, insider David Todd Stevens sold 47,064 shares of the business’s stock in a transaction dated Thursday, May 14th. The shares were sold at an average price of $42.35, for a total transaction 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 document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director June Ou sold 35,190 shares of the company’s stock in a transaction dated Wednesday, May 13th. The stock was sold at an average price of $38.20, for a total transaction of $1,344,258.00. 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 sold a total of 335,657 shares of company stock valued at $11,878,284 in the last three months. Company insiders own 26.60% of the company’s stock.

Figure Technology Solutions Trading Down 5.6%

Shares of FIGR stock opened at $27.59 on Friday. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.90 and a quick ratio of 1.90. The company has a market cap of $5.04 billion and a price-to-earnings ratio of 47.57. The stock has a 50 day simple moving average of $30.98 and a 200-day simple moving average of $37.43. Figure Technology Solutions, Inc. has a 1-year low of $25.01 and a 1-year high of $78.00.

Figure Technology Solutions (NASDAQ:FIGR) last released its quarterly earnings results on Monday, May 11th. The company reported $0.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.17 by $0.01. The company had revenue of $166.84 million during the quarter. On average, equities research analysts expect that Figure Technology Solutions, Inc. will post 0.92 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

FIGR has been the topic of a number of recent analyst reports. Bank of America lowered their price target on shares of Figure Technology Solutions from $34.00 to $31.00 in a report on Thursday, April 2nd. Zacks Research raised shares of Figure Technology Solutions from a “strong sell” rating to a “hold” rating in a report on Tuesday, April 14th. Mizuho upped their price objective on shares of Figure Technology Solutions from $45.00 to $55.00 and gave the stock an “outperform” rating in a research report on Thursday, May 14th. Keefe, Bruyette & Woods lowered their target price on shares of 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. Finally, Needham & Company LLC restated a “buy” rating and set a $55.00 target price on shares of Figure Technology Solutions in a research report on Wednesday, July 8th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Figure Technology Solutions presently has a consensus rating of “Moderate Buy” and an average price target of $50.25.

Figure Technology Solutions 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.