Figure Technology Solutions, Inc. (NASDAQ:FIGR – Get Free Report) CFO Minchung Kgil sold 4,000 shares of the firm’s stock in a transaction dated Friday, July 24th. The shares were sold at an average price of $28.13, for a total transaction of $112,520.00. Following the transaction, the chief financial officer directly owned 495,651 shares in the company, valued at approximately $13,942,662.63. The trade was a 0.80% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Minchung Kgil also recently made the following trade(s):
- On Tuesday, June 30th, Minchung Kgil sold 4,000 shares of Figure Technology Solutions stock. The stock was sold at an average price of $30.03, for a total transaction of $120,120.00.
- 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 shares were sold at an average price of $30.06, for a total transaction of $274,057.02.
Figure Technology Solutions Price Performance
NASDAQ FIGR opened at $27.55 on Wednesday. Figure Technology Solutions, Inc. has a 12 month low of $25.01 and a 12 month high of $78.00. The firm has a market capitalization of $5.03 billion and a PE ratio of 47.50. The company’s 50 day simple moving average is $30.61 and its 200 day simple moving average is $36.93. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.90 and a quick ratio of 1.90.
Institutional Investors Weigh In On Figure Technology Solutions
Large investors have recently modified their holdings of the stock. Global Retirement Partners LLC acquired a new stake in shares of Figure Technology Solutions during the fourth quarter worth $25,000. Strs Ohio acquired a new position in shares of Figure Technology Solutions in the 4th quarter valued at $34,000. MetLife Investment Management LLC purchased a new position in Figure Technology Solutions in the 4th quarter worth about $35,000. WPG Advisers LLC increased its stake in Figure Technology Solutions by 71.1% in the 1st quarter. WPG Advisers LLC now owns 934 shares of the company’s stock worth $32,000 after purchasing an additional 388 shares in the last quarter. Finally, Flagship Harbor Advisors LLC acquired a new stake in Figure Technology Solutions during the 4th quarter worth about $40,000.
Wall Street Analyst Weigh In
Several brokerages have recently weighed in on FIGR. Weiss Ratings upgraded Figure Technology Solutions from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday, June 4th. Keefe, Bruyette & Woods lowered their target price on Figure Technology Solutions from $55.00 to $45.00 and set an “outperform” rating on the stock in a report on Monday, July 13th. Piper Sandler dropped their price target on shares of Figure Technology Solutions from $75.00 to $65.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 15th. Needham & Company LLC reissued a “buy” rating and issued a $55.00 price target on shares of Figure Technology Solutions in a report on Wednesday, July 8th. Finally, Zacks Research upgraded shares of Figure Technology Solutions from a “strong sell” rating to a “hold” rating in a research report on Tuesday, April 14th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $50.25.
View Our Latest Analysis on FIGR
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. 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.
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