Figure Technology Solutions, Inc. (NASDAQ:FIGR – Get Free Report) CEO Michael Benjamin Tannenbaum sold 2,031 shares of the stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $36.03, for a total transaction of $73,176.93. Following the transaction, the chief executive officer directly owned 3,193,641 shares in the company, valued at approximately $115,066,885.23. This represents a 0.06% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Michael Benjamin Tannenbaum also recently made the following trade(s):
- On Tuesday, May 19th, Michael Benjamin Tannenbaum sold 14,871 shares of Figure Technology Solutions stock. The stock was sold at an average price of $37.27, for a total transaction of $554,242.17.
- On Wednesday, April 29th, Michael Benjamin Tannenbaum sold 56,825 shares of Figure Technology Solutions stock. The stock was sold at an average price of $31.97, for a total transaction of $1,816,695.25.
- On Tuesday, April 28th, Michael Benjamin Tannenbaum sold 127,369 shares of Figure Technology Solutions stock. The stock was sold at an average price of $33.35, for a total transaction of $4,247,756.15.
Figure Technology Solutions Stock Down 5.5%
NASDAQ FIGR traded down $2.02 on Thursday, hitting $34.38. 4,106,386 shares of the company were exchanged, compared to its average volume of 5,077,227. The company has a market cap of $6.28 billion and a PE ratio of 59.28. Figure Technology Solutions, Inc. has a 12 month low of $25.01 and a 12 month high of $78.00. The stock has a fifty day moving average of $35.30 and a 200-day moving average of $40.24. The company has a current ratio of 1.90, a quick ratio of 2.20 and a debt-to-equity ratio of 0.20.
Figure Technology Solutions declared that its board has authorized a share repurchase plan on Thursday, February 26th that allows the company to repurchase $200.00 million in outstanding shares. This repurchase authorization allows the company to repurchase up to 3.3% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company’s management believes its shares are undervalued.
Institutional Trading of Figure Technology Solutions
Several institutional investors and hedge funds have recently made changes to their positions in FIGR. Emerald Mutual Fund Advisers Trust purchased a new stake in shares of Figure Technology Solutions in the third quarter valued at about $1,013,000. Federated Hermes Inc. purchased a new stake in shares of Figure Technology Solutions in the third quarter valued at about $8,183,000. TD Waterhouse Canada Inc. purchased a new position in Figure Technology Solutions in the third quarter worth $2,157,000. Lisanti Capital Growth LLC purchased a new position in Figure Technology Solutions in the third quarter worth $3,780,000. Finally, Mutual Advisors LLC purchased a new position in Figure Technology Solutions in the third quarter worth $1,446,000.
Analyst Upgrades and Downgrades
A number of research firms have weighed in on FIGR. Keefe, Bruyette & Woods raised shares of Figure Technology Solutions from a “moderate buy” rating to a “strong-buy” rating in a research note on Thursday, February 19th. Weiss Ratings raised shares of Figure Technology Solutions from a “sell (d)” rating to a “sell (d+)” rating in a research note on Monday. The Goldman Sachs Group dropped their price objective on shares of Figure Technology Solutions from $49.00 to $44.00 and set a “buy” rating on the stock in a research note on Monday, March 2nd. Zacks Research raised shares of Figure Technology Solutions from a “strong sell” rating to a “hold” rating in a research note on Tuesday, April 14th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $55.00 price objective on shares of Figure Technology Solutions in a research note on Wednesday, May 13th. Two investment analysts have rated the stock with a Strong Buy rating, five have given a Buy rating, two have given a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $53.63.
Read Our Latest Report on FIGR
About Figure Technology Solutions
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.
Featured Stories
- Five stocks we like better than Figure Technology Solutions
- Meta Platforms 10% Layoff Raises a Bigger Question About AI Spending
- As Small-Cap Outperformance Continues, These 2 ETFs Provide Exposure
- Silicon Shake-Up: The AI Trade Is Moving Beyond NVIDIA
- The Silver Lining of Last Week’s Hims & Hers Earnings Miss
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.
