Figure Technology Solutions (NASDAQ:FIGR) Insider David Todd Stevens Sells 40,000 Shares of Stock

Figure Technology Solutions, Inc. (NASDAQ:FIGR) insider David Todd Stevens sold 40,000 shares of Figure Technology Solutions stock in a transaction on Wednesday, December 3rd. The shares were sold at an average price of $35.22, for a total transaction of $1,408,800.00. Following the completion of the transaction, the insider directly owned 489,000 shares in the company, valued at $17,222,580. The trade was a 7.56% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

David Todd Stevens also recently made the following trade(s):

• On Tuesday, November 18th, David Todd Stevens sold 83,500 shares of Figure Technology Solutions stock. The stock was sold at an average price of $39.29, for a total transaction of $3,280,715.00.

Figure Technology Solutions Price Performance

Shares of NASDAQ:FIGR opened at $37.90 on Friday. Figure Technology Solutions, Inc. has a one year low of $30.01 and a one year high of $49.50. The company has a 50-day simple moving average of $39.30.

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

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. Bank of America upped their price objective on shares of Figure Technology Solutions from $41.00 to $47.00 and gave the stock a “neutral” rating in a research report on Monday, November 17th. Zacks Research raised shares of Figure Technology Solutions to a “hold” rating in a report on Tuesday, October 7th. The Goldman Sachs Group lifted their price objective on Figure Technology Solutions from $42.00 to $48.00 and gave the company a “buy” rating in a report on Tuesday, October 14th. Mizuho boosted their target price on 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, Keefe, Bruyette & Woods lifted their price target on Figure Technology Solutions from $48.50 to $52.00 and gave the company an “outperform” rating in a research note on Tuesday, November 18th. Six analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, Figure Technology Solutions has an average rating of “Moderate Buy” and an average target price of $50.38.

Institutional Investors Weigh In On Figure Technology Solutions

Several hedge funds have recently made changes to their positions in FIGR. Lunate Capital Ltd acquired a new position in Figure Technology Solutions in the third quarter valued at $24,732,000. Caitong International Asset Management Co. Ltd acquired a new position in Figure Technology Solutions during the third quarter worth approximately $264,000. Woodline Partners LP purchased a new position in Figure Technology Solutions during the third quarter worth approximately $1,091,000. NWI Management LP acquired a new position in shares of Figure Technology Solutions in the 3rd quarter valued at $7,529,000. Finally, XTX Topco Ltd acquired a new stake in shares of Figure Technology Solutions during the 3rd quarter worth $762,000.

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.