Rockefeller Capital Management L.P. Purchases Shares of 22,900 Figure Technology Solutions, Inc. $FIGR

Rockefeller Capital Management L.P. acquired a new stake in Figure Technology Solutions, Inc. (NASDAQ:FIGR) in the fourth quarter, HoldingsChannel reports. The institutional investor acquired 22,900 shares of the company’s stock, valued at approximately $935,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Orland Properties Ltd bought a new stake in Figure Technology Solutions in the third quarter valued at about $319,187,000. J Digital 6 LLC lifted its stake in Figure Technology Solutions by 9.1% during the fourth quarter. J Digital 6 LLC now owns 3,276,587 shares of the company’s stock worth $133,816,000 after purchasing an additional 274,145 shares during the period. Vanguard Group Inc. boosted its holdings in Figure Technology Solutions by 17.9% during the fourth 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 in the last quarter. Duquesne Family Office LLC acquired a new stake in Figure Technology Solutions during the third quarter valued at approximately $76,989,000. Finally, Fred Alger Management LLC bought a new stake in shares of Figure Technology Solutions in the 4th quarter valued at approximately $67,386,000.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on FIGR. Mizuho increased their target price on Figure Technology Solutions from $45.00 to $55.00 and gave the stock an “outperform” rating in a report on Thursday, May 14th. Zacks Research upgraded Figure Technology Solutions from a “strong sell” rating to a “hold” rating in a research report on Tuesday, April 14th. Weiss Ratings upgraded Figure Technology Solutions from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Thursday, June 4th. Sanford C. Bernstein cut their price objective on Figure Technology Solutions from $72.00 to $67.00 and set an “outperform” rating for the company in a report on Monday, March 30th. Finally, Needham & Company LLC restated a “buy” rating and issued a $55.00 target price 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 assigned a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Figure Technology Solutions presently has an average rating of “Moderate Buy” and a consensus target price of $53.62.

Insider Transactions at Figure Technology Solutions

In other news, insider David Todd Stevens sold 47,064 shares of Figure Technology Solutions stock in a transaction on Thursday, May 14th. The stock was sold at an average price of $42.35, for a total value of $1,993,160.40. Following the completion of the sale, the insider directly owned 406,051 shares of the company’s stock, valued at approximately $17,196,259.85. This trade represents a 10.39% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Minchung Kgil sold 9,117 shares of the business’s stock in a transaction on Monday, June 15th. The stock was sold at an average price of $30.06, for a total value of $274,057.02. Following the sale, the chief financial officer owned 507,651 shares of the company’s stock, valued at approximately $15,259,989.06. The trade was a 1.76% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 479,337 shares of company stock worth $16,910,863 over the last ninety days. 26.60% of the stock is currently owned by insiders.

Figure Technology Solutions Trading Up 3.8%

FIGR opened at $33.91 on Friday. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 0.20. The stock has a market capitalization of $6.19 billion and a PE ratio of 58.47. Figure Technology Solutions, Inc. has a 1-year low of $25.01 and a 1-year high of $78.00. The firm has a 50-day moving average price of $32.94 and a two-hundred day moving average price of $38.65.

Figure Technology Solutions (NASDAQ:FIGR) last announced its earnings results on Monday, May 11th. The company reported $0.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.17 by $0.01. The company had revenue of $166.84 million for the quarter. As a group, equities analysts anticipate that Figure Technology Solutions, Inc. will post 0.94 earnings per share for the current fiscal year.

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.