Figure Technology Solutions (NASDAQ:FIGR) CFO Sells $120,120.00 in Stock

Figure Technology Solutions, Inc. (NASDAQ:FIGRGet Free Report) CFO Minchung Kgil sold 4,000 shares of the business’s stock in a transaction that occurred on Tuesday, June 30th. The shares were sold at an average price of $30.03, for a total transaction of $120,120.00. Following the transaction, the chief financial officer owned 499,651 shares of the company’s stock, valued at approximately $15,004,519.53. This represents a 0.79% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Minchung Kgil also recently made the following trade(s):

  • On Wednesday, June 24th, Minchung Kgil sold 4,000 shares of Figure Technology Solutions stock. The stock was sold at an average price of $27.64, for a total transaction of $110,560.00.
  • On Monday, June 15th, Minchung Kgil sold 9,117 shares of Figure Technology Solutions stock. The stock was sold at an average price of $30.06, for a total transaction of $274,057.02.
  • On Friday, April 24th, Minchung Kgil sold 8,000 shares of Figure Technology Solutions stock. The shares were sold at an average price of $32.25, for a total transaction of $258,000.00.

Figure Technology Solutions Trading Up 3.8%

Shares of FIGR traded up $1.24 during trading hours on Thursday, reaching $33.91. The stock had a trading volume of 4,901,831 shares, compared to its average volume of 4,895,369. The company has a market cap of $6.19 billion and a P/E ratio of 58.47. Figure Technology Solutions, Inc. has a 52 week low of $25.01 and a 52 week high of $78.00. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 0.20. The firm has a 50-day moving average of $32.96 and a 200 day moving average of $38.70.

Figure Technology Solutions (NASDAQ:FIGRGet Free Report) last posted its earnings results on Monday, May 11th. The company reported $0.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.17 by $0.01. The business had revenue of $166.84 million during the quarter. On average, sell-side analysts expect that Figure Technology Solutions, Inc. will post 0.94 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on FIGR. Bank of America cut their price target on shares of Figure Technology Solutions from $34.00 to $31.00 in a research note on Thursday, April 2nd. Needham & Company LLC restated a “buy” rating and set a $55.00 price objective on shares of Figure Technology Solutions in a report on Wednesday, May 13th. Sanford C. Bernstein reduced their target price on shares of Figure Technology Solutions from $72.00 to $67.00 and set an “outperform” rating for the company in a research note on Monday, March 30th. Zacks Research raised Figure Technology Solutions from a “strong sell” rating to a “hold” rating in a research note on Tuesday, April 14th. Finally, Mizuho boosted their price target on Figure Technology Solutions from $45.00 to $55.00 and gave the company an “outperform” rating in a report on Thursday, May 14th. Two equities research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $53.62.

Read Our Latest Report on Figure Technology Solutions

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Orland Properties Ltd bought a new position in shares of Figure Technology Solutions in the 3rd quarter valued at about $319,187,000. J Digital 6 LLC raised its holdings in shares of Figure Technology Solutions by 9.1% in the 4th quarter. J Digital 6 LLC now owns 3,276,587 shares of the company’s stock valued at $133,816,000 after purchasing an additional 274,145 shares during the period. Vanguard Group Inc. lifted its stake in Figure Technology Solutions by 17.9% in the 4th quarter. Vanguard Group Inc. now owns 2,974,853 shares of the company’s stock valued at $121,493,000 after purchasing an additional 452,136 shares during the last quarter. Duquesne Family Office LLC bought a new position in Figure Technology Solutions during the third quarter worth about $76,989,000. Finally, Fred Alger Management LLC acquired a new position in Figure Technology Solutions during the fourth quarter worth approximately $67,386,000.

Figure Technology Solutions Company Profile

(Get 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.

See Also

Insider Buying and Selling by Quarter for Figure Technology Solutions (NASDAQ:FIGR)

Receive News & Ratings for Figure Technology Solutions Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Figure Technology Solutions and related companies with MarketBeat.com's FREE daily email newsletter.