Figure Technology Solutions (NASDAQ:FIGR) CEO Michael Benjamin Tannenbaum Sells 100,000 Shares of Stock

Figure Technology Solutions, Inc. (NASDAQ:FIGR) CEO Michael Benjamin Tannenbaum sold 100,000 shares of the stock in a transaction dated Monday, November 24th. The shares were sold at an average price of $35.82, for a total transaction of $3,582,000.00. Following the completion of the sale, the chief executive officer owned 3,821,366 shares of the company’s stock, valued at approximately $136,881,330.12. The trade was a 2.55% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Michael Benjamin Tannenbaum also recently made the following trade(s):

• On Tuesday, November 25th, Michael Benjamin Tannenbaum sold 29,437 shares of Figure Technology Solutions stock. The stock was sold at an average price of $34.16, for a total value of $1,005,567.92.
• On Tuesday, November 18th, Michael Benjamin Tannenbaum sold 908,000 shares of Figure Technology Solutions stock. The shares were sold at an average price of $39.19, for a total value of $35,584,520.00.
• On Friday, September 12th, Michael Benjamin Tannenbaum sold 297,171 shares of Figure Technology Solutions stock. The stock was sold at an average price of $25.00, for a total value of $7,429,275.00.

Figure Technology Solutions Price Performance

Shares of FIGR opened at $35.31 on Thursday. Figure Technology Solutions, Inc. has a 52-week low of $30.01 and a 52-week high of $49.50. The business has a fifty day moving average of $39.85.

Figure Technology Solutions (NASDAQ:FIGR) last announced its quarterly earnings results on Thursday, November 13th. The company reported $0.34 earnings per share for the quarter, beating the consensus estimate of $0.16 by $0.18. The firm had revenue of $156.03 million for the quarter.

Institutional Trading of Figure Technology Solutions

Several hedge funds have recently made changes to their positions in the business. Blue Trust Inc. purchased a new stake in Figure Technology Solutions during the 3rd quarter worth approximately $64,000. SBI Securities Co. Ltd. acquired a new position in shares of Figure Technology Solutions in the third quarter worth $66,000. PNC Financial Services Group Inc. purchased a new stake in shares of Figure Technology Solutions during the third quarter worth $73,000. BNP Paribas Financial Markets acquired a new stake in shares of Figure Technology Solutions in the third quarter valued at $102,000. Finally, Ameritas Advisory Services LLC purchased a new position in Figure Technology Solutions in the third quarter valued at $200,000.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. Keefe, Bruyette & Woods raised their price target on shares of Figure Technology Solutions from $48.50 to $52.00 and gave the stock an “outperform” rating in a report on Tuesday, November 18th. Mizuho lifted their target price on Figure Technology Solutions from $47.00 to $56.00 and gave the company an “outperform” rating in a research report on Monday, November 17th. Jefferies Financial Group assumed coverage on Figure Technology Solutions in a report on Monday, October 6th. They set a “hold” rating and a $40.00 price target for the company. Wall Street Zen upgraded shares of Figure Technology Solutions to a “hold” rating in a report on Monday, September 22nd. Finally, Bank of America upped their target price on shares of Figure Technology Solutions from $41.00 to $47.00 and gave the company a “neutral” rating in a research report on Monday, November 17th. Six analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, Figure Technology Solutions has an average rating of “Moderate Buy” and a consensus price target of $50.38.

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.