Figure Technology Solutions (NASDAQ:FIGR) Director Sells $8,515,000.00 in Stock

Figure Technology Solutions, Inc. (NASDAQ:FIGR) Director Michael Scott Cagney sold 250,000 shares of the firm’s stock in a transaction on Friday, November 21st. The stock was sold at an average price of $34.06, for a total value of $8,515,000.00. Following the completion of the sale, the director directly owned 6,128,993 shares of the company’s stock, valued at $208,753,501.58. This trade represents a 3.92% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Michael Scott Cagney also recently made the following trade(s):

• On Thursday, November 20th, Michael Scott Cagney sold 500,000 shares of Figure Technology Solutions stock. The shares were sold at an average price of $36.22, for a total transaction of $18,110,000.00.

Figure Technology Solutions Trading Up 2.8%

Figure Technology Solutions stock traded up $0.97 during midday trading on Monday, hitting $35.77. 2,794,450 shares of the stock were exchanged, compared to its average volume of 3,344,558. The stock’s 50-day moving average price is $40.17. Figure Technology Solutions, Inc. has a fifty-two week low of $30.01 and a fifty-two week high of $49.50.

Figure Technology Solutions (NASDAQ:FIGR) last posted its 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 during the quarter.

Analyst Ratings Changes

FIGR has been the topic of a number of recent analyst reports. The Goldman Sachs Group upped their price objective on Figure Technology Solutions from $42.00 to $48.00 and gave the company a “buy” rating in a report on Tuesday, October 14th. Wall Street Zen upgraded Figure Technology Solutions to a “hold” rating in a research report on Monday, September 22nd. Keefe, Bruyette & Woods increased their price target on Figure Technology Solutions from $48.50 to $52.00 and gave the stock an “outperform” rating in a report on Tuesday, November 18th. Jefferies Financial Group started coverage on Figure Technology Solutions in a research report on Monday, October 6th. They set a “hold” rating and a $40.00 price objective for the company. Finally, Piper Sandler boosted their price objective on shares of Figure Technology Solutions from $50.00 to $55.00 and gave the company an “overweight” rating in a report on Monday, November 17th. Six analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Figure Technology Solutions currently has a consensus rating of “Moderate Buy” and an average target price of $50.38.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in FIGR. Orland Properties Ltd purchased a new position in shares of Figure Technology Solutions during the third quarter worth $319,187,000. Vanguard Group Inc. purchased a new stake in shares of Figure Technology Solutions in the 3rd quarter valued at $91,751,000. Duquesne Family Office LLC acquired a new position in Figure Technology Solutions during the 3rd quarter worth about $76,989,000. Pantera Capital Partners LP purchased a new position in Figure Technology Solutions during the 3rd quarter valued at about $56,114,000. Finally, Capital World Investors purchased a new position in Figure Technology Solutions during the 3rd quarter valued at about $50,918,000.

About Figure Technology Solutions

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.