Norges Bank Makes New $32.67 Million Investment in Figure Technology Solutions, Inc. $FIGR

Posted by George Bondi on Jun 9th, 2026

Norges Bank acquired a new position in Figure Technology Solutions, Inc. (NASDAQ:FIGR – Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 800,000 shares of the company’s stock, valued at approximately $32,672,000.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Global Retirement Partners LLC acquired a new position in Figure Technology Solutions in the fourth quarter worth $25,000. Strs Ohio acquired a new position in Figure Technology Solutions in the fourth quarter worth $34,000. Flagship Harbor Advisors LLC acquired a new position in Figure Technology Solutions in the fourth quarter worth $40,000. PNC Financial Services Group Inc. boosted its holdings in Figure Technology Solutions by 69.0% in the fourth quarter. PNC Financial Services Group Inc. now owns 3,379 shares of the company’s stock worth $138,000 after purchasing an additional 1,379 shares during the period. Finally, SBI Securities Co. Ltd. acquired a new position in Figure Technology Solutions in the third quarter worth $66,000.

Insider Activity at Figure Technology Solutions

In related news, CEO Michael Benjamin Tannenbaum sold 127,369 shares of Figure Technology Solutions stock in a transaction dated Tuesday, April 28th. The shares were sold at an average price of $33.35, for a total transaction of $4,247,756.15. Following the sale, the chief executive officer directly owned 3,250,466 shares in the company, valued at $108,403,041.10. The trade was a 3.77% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider David Todd Stevens sold 49,708 shares of Figure Technology Solutions stock in a transaction dated Thursday, March 19th. The shares were sold at an average price of $32.02, for a total transaction of $1,591,650.16. Following the sale, the insider owned 436,089 shares in the company, valued at approximately $13,963,569.78. This represents a 10.23% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 511,928 shares of company stock valued at $17,997,776. Company insiders own 26.60% of the company’s stock.

Figure Technology Solutions Stock Performance

Shares of FIGR opened at $27.86 on Tuesday. Figure Technology Solutions, Inc. has a 1 year low of $25.01 and a 1 year high of $78.00. The company has a market cap of $5.09 billion and a price-to-earnings ratio of 48.03. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.90 and a current ratio of 1.90. The firm has a fifty day moving average of $34.83 and a 200-day moving average of $39.74.

Figure Technology Solutions (NASDAQ:FIGR – Get Free Report) last announced its quarterly earnings results on Monday, May 11th. The company reported $0.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.17 by $0.01. The firm had revenue of $166.84 million for the quarter. As a group, equities analysts anticipate that Figure Technology Solutions, Inc. will post 0.94 earnings per share for the current year.

Figure Technology Solutions announced that its Board of Directors has authorized a share repurchase plan on Thursday, February 26th that authorizes the company to buyback $200.00 million in outstanding shares. This buyback authorization authorizes the company to purchase up to 3.3% of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s leadership believes its shares are undervalued.

Analysts Set New Price Targets

FIGR has been the subject of a number of research reports. Bank of America decreased their price objective on shares of Figure Technology Solutions from $34.00 to $31.00 in a report on Thursday, April 2nd. Mizuho lifted their price objective on shares of Figure Technology Solutions from $45.00 to $55.00 and gave the stock an “outperform” rating in a report on Thursday, May 14th. Needham & Company LLC reaffirmed a “buy” rating and issued a $55.00 price objective on shares of Figure Technology Solutions in a report on Wednesday, May 13th. Sanford C. Bernstein decreased their price objective on shares of Figure Technology Solutions from $72.00 to $67.00 and set an “outperform” rating for the company in a report on Monday, March 30th. Finally, Zacks Research raised shares of Figure Technology Solutions from a “strong sell” rating to a “hold” rating in a report on Tuesday, April 14th. Two equities research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $53.63.

Check Out Our Latest Research Report on FIGR

About Figure Technology Solutions

(Free Report)

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.