Figure Technology Solutions (NASDAQ:FIGR) CFO Minchung Kgil Sells 4,000 Shares of Stock

Figure Technology Solutions, Inc. (NASDAQ:FIGR) CFO Minchung Kgil sold 4,000 shares of the stock in a transaction on Tuesday, June 30th. The stock was sold at an average price of $30.03, for a total transaction of $120,120.00. Following the completion of the sale, the chief financial officer directly owned 499,651 shares of the company’s stock, valued at $15,004,519.53. The trade was a 0.79% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible 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, 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 stock was sold at an average price of $30.06, for a total transaction of $274,057.02.
• On Friday, April 24th, Minchung Kgil sold 8,000 shares of Figure Technology Solutions stock. The shares were sold at an average price of $32.25, for a total value of $258,000.00.

Figure Technology Solutions Trading Up 3.8%

NASDAQ:FIGR opened at $33.91 on Friday. The business’s 50-day moving average is $32.94 and its two-hundred day moving average is $38.65. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.90 and a quick ratio of 1.90. Figure Technology Solutions, Inc. has a 12 month low of $25.01 and a 12 month high of $78.00. The firm has a market capitalization of $6.19 billion and a PE ratio of 58.47.

Figure Technology Solutions (NASDAQ:FIGR) last issued its earnings results on Monday, May 11th. The company reported $0.18 earnings per share for the quarter, topping the consensus estimate of $0.17 by $0.01. The company had revenue of $166.84 million during the quarter. Research analysts predict that Figure Technology Solutions, Inc. will post 0.94 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. Mizuho increased their price objective on shares of Figure Technology Solutions from $45.00 to $55.00 and gave the company an “outperform” rating in a research report on Thursday, May 14th. Needham & Company LLC reissued a “buy” rating and set a $55.00 target price on shares of Figure Technology Solutions in a research report on Wednesday, May 13th. Sanford C. Bernstein decreased their target price on shares of 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. Weiss Ratings raised shares of Figure Technology Solutions from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday, June 4th. Finally, Bank of America dropped their price target on shares of Figure Technology Solutions from $34.00 to $31.00 in a research note on Thursday, April 2nd. Two equities research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $53.62.

Institutional Investors Weigh In On Figure Technology Solutions

A number of hedge funds have recently bought and sold shares of the business. JPMorgan Chase & Co. purchased a new position in shares of Figure Technology Solutions during the 3rd quarter valued at approximately $15,529,000. Orland Properties Ltd bought a new stake in shares of Figure Technology Solutions in the third quarter worth $319,187,000. Pictet Asset Management Holding SA raised its holdings 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 valued at $2,773,000 after acquiring an additional 27,893 shares in the last quarter. Vanguard Group Inc. bought a new position in Figure Technology Solutions during the 3rd quarter valued at $91,751,000. Finally, UBS Group AG boosted its stake in 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 acquiring an additional 676,470 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.