Figure Technology Solutions (NASDAQ:FIGR) CFO Sells $3,509,000.00 in Stock

Figure Technology Solutions, Inc. (NASDAQ:FIGR) CFO Minchung Kgil sold 100,000 shares of the business’s stock in a transaction that occurred on Tuesday, December 2nd. The stock was sold at an average price of $35.09, for a total transaction of $3,509,000.00. Following the completion of the sale, the chief financial officer owned 617,149 shares in the company, valued at $21,655,758.41. The trade was a 13.94% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Minchung Kgil also recently made the following trade(s):

• On Wednesday, December 3rd, Minchung Kgil sold 32,994 shares of Figure Technology Solutions stock. The stock was sold at an average price of $35.05, for a total transaction of $1,156,439.70.

Figure Technology Solutions Stock Performance

Figure Technology Solutions stock traded up $3.64 during mid-day trading on Thursday, hitting $39.02. The company’s stock had a trading volume of 1,945,057 shares, compared to its average volume of 3,155,108. Figure Technology Solutions, Inc. has a twelve month low of $30.01 and a twelve month high of $49.50. The firm’s fifty day simple moving average is $39.33.

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

Institutional Inflows and Outflows

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

Analysts Set New Price Targets

FIGR has been the topic of several recent analyst reports. Jefferies Financial Group assumed coverage on Figure Technology Solutions in a report on Monday, October 6th. They set a “hold” rating and a $40.00 price objective on the stock. Sanford C. Bernstein started coverage on shares of Figure Technology Solutions in a report on Monday, October 6th. They set an “outperform” rating and a $54.00 price target on the stock. Zacks Research upgraded shares of Figure Technology Solutions to a “hold” rating in a research report on Tuesday, October 7th. Mizuho lifted their price objective 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. Finally, Wall Street Zen raised shares of Figure Technology Solutions to a “hold” rating in a research note on Monday, September 22nd. Six investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price 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.