Kera Capital Partners Inc. Makes New $742,000 Investment in Figure Technology Solutions, Inc. $FIGR

Kera Capital Partners Inc. purchased a new stake in shares of Figure Technology Solutions, Inc. (NASDAQ:FIGRFree Report) during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 21,850 shares of the company’s stock, valued at approximately $742,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Victory Capital Management Inc. acquired a new stake in shares of Figure Technology Solutions during the third quarter worth $9,221,000. Franklin Resources Inc. acquired a new position in shares of Figure Technology Solutions in the 3rd quarter valued at $5,456,000. BNP Paribas Financial Markets acquired a new position in shares of Figure Technology Solutions in the 3rd quarter valued at $102,000. UBS Group AG purchased a new position in Figure Technology Solutions in the 3rd quarter worth $7,620,000. Finally, Invesco Ltd. purchased a new position in Figure Technology Solutions in the 3rd quarter worth $25,451,000.

Figure Technology Solutions Trading Down 6.2%

NASDAQ FIGR opened at $28.97 on Friday. The company has a market capitalization of $5.29 billion and a PE ratio of 49.95. The company has a fifty day moving average of $32.11 and a 200 day moving average of $37.85. Figure Technology Solutions, Inc. has a 1 year low of $25.01 and a 1 year high of $78.00. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.90 and a quick ratio of 1.90.

Figure Technology Solutions (NASDAQ:FIGRGet Free Report) last announced its quarterly earnings results on Monday, May 11th. The company reported $0.18 earnings per share for the quarter, topping the consensus estimate of $0.17 by $0.01. The company had revenue of $166.84 million for the quarter. Research analysts forecast that Figure Technology Solutions, Inc. will post 0.92 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several analysts have weighed in on FIGR shares. Sanford C. Bernstein dropped their price target on Figure Technology Solutions from $72.00 to $67.00 and set an “outperform” rating on the stock in a research note on Monday, March 30th. Zacks Research upgraded Figure Technology Solutions from a “strong sell” rating to a “hold” rating in a research note on Tuesday, April 14th. Piper Sandler decreased their target price on Figure Technology Solutions from $75.00 to $65.00 and set an “overweight” rating for the company in a report on Wednesday. Wall Street Zen lowered Figure Technology Solutions from a “hold” rating to a “sell” rating in a research report on Sunday, July 12th. Finally, Weiss Ratings upgraded shares of Figure Technology Solutions from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday, June 4th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $50.25.

Get Our Latest Report on Figure Technology Solutions

Insider Transactions at Figure Technology Solutions

In other news, CFO Minchung Kgil sold 4,000 shares of the company’s stock in a transaction dated Tuesday, June 30th. The stock was sold at an average price of $30.03, for a total value of $120,120.00. Following the sale, the chief financial officer owned 499,651 shares in the company, valued at $15,004,519.53. This represents a 0.79% decrease in their ownership of the stock. The sale was disclosed in a filing 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, CEO Michael Benjamin Tannenbaum sold 2,031 shares of the firm’s stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of $36.03, for a total value of $73,176.93. Following the sale, the chief executive officer directly owned 3,193,641 shares in the company, valued at approximately $115,066,885.23. This trade represents a 0.06% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 343,657 shares of company stock valued at $12,136,284. 26.60% of the stock is owned by insiders.

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.

Further Reading

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Institutional Ownership by Quarter for Figure Technology Solutions (NASDAQ:FIGR)

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