Figure Technology Solutions (NASDAQ:FIGR) CFO Sells $309,520.00 in Stock

Figure Technology Solutions, Inc. (NASDAQ:FIGR) CFO Minchung Kgil sold 8,000 shares of Figure Technology Solutions stock in a transaction on Monday, August 24th. The shares were sold at an average price of $38.69, for a total value of $309,520.00. Following the transaction, the chief financial officer owned 483,651 shares of the company’s stock, valued at $18,712,457.19. The trade was a 1.63% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Wednesday, August 12th, Minchung Kgil sold 4,000 shares of Figure Technology Solutions stock. The stock was sold at an average price of $30.03, for a total value of $120,120.00.
• On Friday, July 24th, Minchung Kgil sold 4,000 shares of Figure Technology Solutions stock. The shares were sold at an average price of $28.13, for a total value of $112,520.00.
• On Tuesday, June 30th, Minchung Kgil sold 4,000 shares of Figure Technology Solutions stock. The stock was sold at an average price of $30.03, for a total value of $120,120.00.
• On Wednesday, June 24th, Minchung Kgil sold 4,000 shares of Figure Technology Solutions stock. The shares were sold at an average price of $27.64, for a total transaction of $110,560.00.
• On Monday, June 15th, Minchung Kgil sold 9,117 shares of Figure Technology Solutions stock. The shares were sold at an average price of $30.06, for a total transaction of $274,057.02.

Figure Technology Solutions Stock Down 5.2%

Shares of Figure Technology Solutions stock opened at $36.05 on Friday. The company has a 50-day simple moving average of $31.08 and a two-hundred day simple moving average of $32.80. The stock has a market capitalization of $6.69 billion and a PE ratio of 38.76. Figure Technology Solutions, Inc. has a 52-week low of $24.11 and a 52-week high of $78.00. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.86 and a current ratio of 1.86.

Figure Technology Solutions (NASDAQ:FIGR) last announced 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 company had revenue of $218.45 million during the quarter. Figure Technology Solutions had a net margin of 33.45% and a return on equity of 18.90%. On average, analysts anticipate that Figure Technology Solutions, Inc. will post 1.18 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on FIGR shares. Mizuho increased their price objective on Figure Technology Solutions from $45.00 to $55.00 and gave the company an “outperform” rating in a research report on Thursday, May 14th. Keefe, Bruyette & Woods decreased their target price on Figure Technology Solutions from $55.00 to $45.00 and set an “outperform” rating for the company in a research report on Monday, July 13th. Needham & Company LLC restated a “buy” rating and set a $55.00 target price on shares of Figure Technology Solutions in a research note on Thursday, August 20th. Wall Street Zen raised shares of Figure Technology Solutions from a “sell” rating to a “hold” rating in a report on Saturday, August 15th. Finally, Piper Sandler reduced their price target on shares of Figure Technology Solutions from $75.00 to $65.00 and set an “overweight” rating for the company in a research note on Wednesday, July 15th. Two investment analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Figure Technology Solutions currently has a consensus rating of “Moderate Buy” and a consensus price target of $50.62.

Institutional Trading of Figure Technology Solutions

Large investors have recently modified their holdings of the company. Pictet Asset Management Holding SA boosted its position in Figure Technology Solutions by 69.7% in the fourth quarter. Pictet Asset Management Holding SA now owns 67,893 shares of the company’s stock worth $2,773,000 after purchasing an additional 27,893 shares during the last quarter. UBS Group AG increased its position in shares of Figure Technology Solutions by 322.9% during the 4th quarter. UBS Group AG now owns 885,977 shares of the company’s stock valued at $36,183,000 after purchasing an additional 676,470 shares during the last quarter. WIM INVESTMENT MANAGEMENT Ltd lifted its stake in shares of Figure Technology Solutions by 53.6% in the 4th quarter. WIM INVESTMENT MANAGEMENT Ltd now owns 745,286 shares of the company’s stock worth $30,437,000 after purchasing an additional 260,000 shares during the period. Eurizon Capital SGR S.p.A. purchased a new position in shares of Figure Technology Solutions in the fourth quarter worth approximately $5,041,000. Finally, Vanguard Group Inc. boosted its holdings in shares of Figure Technology Solutions by 17.9% in the fourth quarter. Vanguard Group Inc. now owns 2,974,853 shares of the company’s stock worth $121,493,000 after buying an additional 452,136 shares during the last quarter.

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.