Wildcat Capital Management LLC Purchases 29,299 Shares of Figure Technology Solutions, Inc. $FIGR

Wildcat Capital Management LLC purchased a new position in shares of Figure Technology Solutions, Inc. (NASDAQ:FIGR) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 29,299 shares of the company’s stock, valued at approximately $845,000. Figure Technology Solutions comprises 0.5% of Wildcat Capital Management LLC’s investment portfolio, making the stock its 4th largest holding.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Granahan Investment Management LLC increased its stake in Figure Technology Solutions by 40.6% in the 1st quarter. Granahan Investment Management LLC now owns 935,400 shares of the company’s stock worth $31,757,000 after acquiring an additional 269,882 shares during the last quarter. Brooklands Fund Management Ltd bought a new stake in shares of Figure Technology Solutions in the 3rd quarter worth $24,600,000. Maplelane Capital LLC bought a new stake in Figure Technology Solutions in the 1st quarter worth about $23,120,000. Fideuram Intesa Sanpaolo Private Banking S.P.A. raised its holdings in shares of Figure Technology Solutions by 13.6% during the first quarter. Fideuram Intesa Sanpaolo Private Banking S.P.A. now owns 446,481 shares of the company’s stock valued at $15,158,000 after purchasing an additional 53,434 shares during the last quarter. Finally, Bank of New York Mellon Corp purchased a new stake in Figure Technology Solutions during the 2nd quarter valued at $10,875,000.

Figure Technology Solutions Stock Performance

FIGR opened at $21.58 on Friday. Figure Technology Solutions, Inc. has a 12-month low of $20.92 and a 12-month high of $78.00. The company has a current ratio of 1.86, a quick ratio of 1.86 and a debt-to-equity ratio of 0.22. The firm has a market capitalization of $4.01 billion and a PE ratio of 23.20. The firm has a 50 day moving average of $31.06 and a two-hundred day moving average of $34.50.

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, topping the consensus estimate of $0.24 by $0.11. Figure Technology Solutions had a return on equity of 18.90% and a net margin of 33.45%. The company had revenue of $218.45 million for the quarter. On average, analysts anticipate that Figure Technology Solutions, Inc. will post 1.18 EPS for the current year.

Insider Buying and Selling

In other Figure Technology Solutions news, CFO Minchung Kgil sold 8,000 shares of the business’s stock in a transaction that occurred on Monday, August 24th. The stock was sold at an average price of $38.69, for a total transaction of $309,520.00. Following the completion of the sale, the chief financial officer directly owned 483,651 shares in the company, valued at approximately $18,712,457.19. The trade was a 1.63% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider David Stevens sold 47,650 shares of the stock in a transaction on Friday, August 14th. The shares were sold at an average price of $31.38, for a total value of $1,495,257.00. Following the completion of the transaction, the insider directly owned 376,599 shares of the company’s stock, valued at approximately $11,817,676.62. This represents a 11.23% decrease in their ownership of the stock. 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 have sold a total of 59,650 shares of company stock worth $1,924,897 in the last quarter. Insiders own 26.60% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have weighed in on FIGR shares. Weiss Ratings cut Figure Technology Solutions from a “hold (c)” rating to a “sell (d+)” rating in a research note on Friday, September 11th. Needham & Company LLC reaffirmed a “buy” rating on shares of Figure Technology Solutions in a research note on Wednesday, October 7th. Zacks Research upgraded Figure Technology Solutions from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 17th. Piper Sandler cut their price target on shares of Figure Technology Solutions from $75.00 to $65.00 and set an “overweight” rating on the stock in a report on Wednesday, July 15th. Finally, Freedom Capital upgraded Figure Technology Solutions to a “strong-buy” rating in a report on Thursday, October 15th. Four investment analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Figure Technology Solutions presently has a consensus rating of “Buy” and an average target price of $53.57.

Figure Technology Solutions Company Profile

Figure Technology Solutions, Inc is a financial technology company that develops technology-enabled lending and financial services products. The company uses artificial intelligence, blockchain and data-driven underwriting tools to streamline the origination, servicing and management of loans and other financial transactions.

Figure’s platform has supported products including home equity lines of credit, mortgage-related lending and personal loans. Its technology is designed to automate traditionally paper-intensive processes, improve transaction speed and provide digital tools for borrowers, lenders and other financial institutions.

Founded in 2018, Figure is headquartered in the United States and primarily serves the U.S.