Insider Selling: Figure Technology Solutions (NASDAQ:FIGR) Director Sells 500,000 Shares of Stock

Figure Technology Solutions, Inc. (NASDAQ:FIGR) Director Michael Scott Cagney sold 500,000 shares of the stock in a transaction on Thursday, November 20th. The stock was sold at an average price of $36.22, for a total transaction of $18,110,000.00. Following the completion of the sale, the director directly owned 6,378,993 shares of the company’s stock, valued at $231,047,126.46. The trade was a 7.27% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

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

• On Friday, November 21st, Michael Scott Cagney sold 250,000 shares of Figure Technology Solutions stock. The shares were sold at an average price of $34.06, for a total transaction of $8,515,000.00.

Figure Technology Solutions Trading Up 2.8%

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

Figure Technology Solutions (NASDAQ:FIGR) last issued its quarterly earnings data on Thursday, November 13th. The company reported $0.34 EPS for the quarter, topping analysts’ consensus estimates of $0.16 by $0.18. The company had revenue of $156.03 million for the quarter.

Hedge Funds Weigh In On Figure Technology Solutions

Large investors have recently modified their holdings of the stock. Blue Trust Inc. bought a new stake in Figure Technology Solutions in the third quarter valued at about $64,000. SBI Securities Co. Ltd. acquired a new position in shares of Figure Technology Solutions in the 3rd quarter worth approximately $66,000. PNC Financial Services Group Inc. acquired a new position in shares of Figure Technology Solutions in the 3rd quarter worth approximately $73,000. BNP Paribas Financial Markets bought a new stake in shares of Figure Technology Solutions in the 3rd quarter valued at approximately $102,000. Finally, Ameritas Advisory Services LLC acquired a new stake in shares of Figure Technology Solutions during the 3rd quarter valued at approximately $200,000.

Wall Street Analyst Weigh In

A number of research firms have recently commented on FIGR. Mizuho boosted their target price on shares of Figure Technology Solutions from $47.00 to $56.00 and gave the stock an “outperform” rating in a research report on Monday, November 17th. Piper Sandler lifted their price target on shares of Figure Technology Solutions from $50.00 to $55.00 and gave the stock an “overweight” rating in a research note on Monday, November 17th. Wall Street Zen raised shares of Figure Technology Solutions to a “hold” rating in a research report on Monday, September 22nd. Keefe, Bruyette & Woods boosted their price target on Figure Technology Solutions from $48.50 to $52.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 18th. Finally, Needham & Company LLC restated a “buy” rating and set a $51.00 price objective on shares of Figure Technology Solutions in a research note on Monday, November 17th. Six investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $50.38.

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.