Minchung Kgil Sells 4,000 Shares of Figure Technology Solutions (NASDAQ:FIGR) Stock

Figure Technology Solutions, Inc. (NASDAQ:FIGR) CFO Minchung Kgil sold 4,000 shares of the company’s stock in a transaction dated Tuesday, June 30th. The shares were sold at an average price of $30.03, for a total transaction of $120,120.00. Following the transaction, the chief financial officer directly owned 499,651 shares of the company’s stock, valued at approximately $15,004,519.53. This represents a 0.79% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at 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 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.
• On Friday, April 24th, Minchung Kgil sold 8,000 shares of Figure Technology Solutions stock. The shares were sold at an average price of $32.25, for a total transaction of $258,000.00.

Figure Technology Solutions Stock Performance

Shares of FIGR stock opened at $33.91 on Friday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.90 and a current ratio of 1.90. The firm has a market capitalization of $6.19 billion and a price-to-earnings ratio of 58.47. Figure Technology Solutions, Inc. has a one year low of $25.01 and a one year high of $78.00. The company has a 50 day moving average price of $32.90 and a 200 day moving average price of $38.62.

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

Analyst Ratings Changes

A number of equities research analysts have issued reports on FIGR shares. Sanford C. Bernstein lowered their price target on Figure Technology Solutions from $72.00 to $67.00 and set an “outperform” rating for the company in a research report on Monday, March 30th. Mizuho raised their price objective on Figure Technology Solutions from $45.00 to $55.00 and gave the stock an “outperform” rating in a report on Thursday, May 14th. Bank of America reduced their price objective on Figure Technology Solutions from $34.00 to $31.00 in a research note on Thursday, April 2nd. Weiss Ratings upgraded Figure Technology Solutions from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday, June 4th. Finally, Zacks Research raised shares of Figure Technology Solutions from a “strong sell” rating to a “hold” rating in a research report on Tuesday, April 14th. Two investment analysts have rated the stock with a Strong Buy rating, five have given a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $53.62.

Institutional Trading of Figure Technology Solutions

Institutional investors have recently added to or reduced their stakes in the business. Global Retirement Partners LLC purchased a new position in Figure Technology Solutions in the fourth quarter valued at about $25,000. WPG Advisers LLC boosted its position in shares of Figure Technology Solutions by 71.1% in the first quarter. WPG Advisers LLC now owns 934 shares of the company’s stock worth $32,000 after buying an additional 388 shares during the period. Strs Ohio acquired a new stake in shares of Figure Technology Solutions in the fourth quarter valued at about $34,000. MetLife Investment Management LLC acquired a new stake in shares of Figure Technology Solutions in the fourth quarter valued at about $35,000. Finally, Flagship Harbor Advisors LLC purchased a new stake in shares of Figure Technology Solutions during the 4th quarter valued at about $40,000.

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.