Fideuram Intesa Sanpaolo Private Banking S.P.A. Buys 53,434 Shares of Figure Technology Solutions, Inc. $FIGR

Fideuram Intesa Sanpaolo Private Banking S.P.A. increased its position in Figure Technology Solutions, Inc. (NASDAQ:FIGR) by 13.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 446,481 shares of the company’s stock after purchasing an additional 53,434 shares during the quarter. Fideuram Intesa Sanpaolo Private Banking S.P.A.’s holdings in Figure Technology Solutions were worth $15,158,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. Global Retirement Partners LLC bought a new stake in Figure Technology Solutions during the 4th quarter valued at $25,000. Strs Ohio bought a new position in shares of Figure Technology Solutions during the 4th quarter worth $34,000. MetLife Investment Management LLC purchased a new position in shares of Figure Technology Solutions during the fourth quarter valued at $35,000. Flagship Harbor Advisors LLC bought a new stake in shares of Figure Technology Solutions in the fourth quarter valued at about $40,000. Finally, Johnson Financial Group Inc. purchased a new stake in Figure Technology Solutions in the fourth quarter worth about $41,000.

Insider Buying and Selling at Figure Technology Solutions

In other news, insider David Todd Stevens sold 47,064 shares of the stock in a transaction on Thursday, May 14th. The stock was 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 in the company, valued at approximately $17,196,259.85. This represents a 10.39% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director June Ou sold 67,840 shares of the firm’s stock in a transaction on Wednesday, April 15th. The stock was sold at an average price of $35.19, for a total value of $2,387,289.60. 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. In the last 90 days, insiders sold 479,337 shares of company stock valued at $16,910,863. Corporate insiders own 26.60% of the company’s stock.

Figure Technology Solutions Stock Up 3.8%

NASDAQ:FIGR opened at $33.91 on Friday. The company’s 50-day simple moving average is $32.94 and its 200-day simple moving average is $38.65. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.90 and a current ratio of 1.90. Figure Technology Solutions, Inc. has a fifty-two week low of $25.01 and a fifty-two week high of $78.00. The stock has a market capitalization of $6.19 billion and a P/E ratio of 58.47.

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 firm had revenue of $166.84 million for the quarter. On average, equities analysts anticipate that Figure Technology Solutions, Inc. will post 0.94 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have commented on FIGR shares. Mizuho raised their target price 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. Zacks Research upgraded shares of Figure Technology Solutions from a “strong sell” rating to a “hold” rating in a research note on Tuesday, April 14th. Sanford C. Bernstein cut their price objective on shares of Figure Technology Solutions from $72.00 to $67.00 and set an “outperform” rating on the stock in a report on Monday, March 30th. Weiss Ratings raised shares of Figure Technology Solutions from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Thursday, June 4th. Finally, Needham & Company LLC restated a “buy” rating and set a $55.00 target price on shares of Figure Technology Solutions in a report on Wednesday, May 13th. Two analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $53.62.

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.