Insider Selling: Figure Technology Solutions (NASDAQ:FIGR) CEO Sells 60,000 Shares of Stock

Figure Technology Solutions, Inc. (NASDAQ:FIGR) CEO Michael Benjamin Tannenbaum sold 60,000 shares of the company’s stock in a transaction dated Tuesday, December 2nd. The shares were sold at an average price of $35.22, for a total transaction of $2,113,200.00. Following the completion of the transaction, the chief executive officer owned 3,731,929 shares in the company, valued at $131,438,539.38. This trade represents a 1.58% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Michael Benjamin Tannenbaum also recently made the following trade(s):

• On Wednesday, December 3rd, Michael Benjamin Tannenbaum sold 90,026 shares of Figure Technology Solutions stock. The shares were sold at an average price of $35.12, for a total transaction of $3,161,713.12.
• On Tuesday, November 25th, Michael Benjamin Tannenbaum sold 29,437 shares of Figure Technology Solutions stock. The stock was sold at an average price of $34.16, for a total transaction of $1,005,567.92.
• On Monday, November 24th, Michael Benjamin Tannenbaum sold 100,000 shares of Figure Technology Solutions stock. The shares were sold at an average price of $35.82, for a total transaction of $3,582,000.00.
• On Tuesday, November 18th, Michael Benjamin Tannenbaum sold 908,000 shares of Figure Technology Solutions stock. The stock was sold at an average price of $39.19, for a total value of $35,584,520.00.
• On Friday, September 12th, Michael Benjamin Tannenbaum sold 297,171 shares of Figure Technology Solutions stock. The stock was sold at an average price of $25.00, for a total value of $7,429,275.00.

Figure Technology Solutions Stock Performance

Shares of NASDAQ:FIGR traded up $3.64 during trading on Thursday, reaching $39.02. 1,945,057 shares of the company traded hands, compared to its average volume of 3,155,108. Figure Technology Solutions, Inc. has a 52 week low of $30.01 and a 52 week high of $49.50. The business’s 50 day moving average price is $39.33.

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

Institutional Investors Weigh In On Figure Technology Solutions

Several hedge funds have recently modified their holdings of FIGR. Blue Trust Inc. bought a new stake in Figure Technology Solutions during the 3rd quarter worth $64,000. SBI Securities Co. Ltd. acquired a new stake in shares of Figure Technology Solutions during the third quarter valued at about $66,000. PNC Financial Services Group Inc. bought a new stake in shares of Figure Technology Solutions during the third quarter worth about $73,000. BNP Paribas Financial Markets acquired a new position in shares of Figure Technology Solutions in the third quarter valued at approximately $102,000. Finally, Ameritas Advisory Services LLC bought a new position in Figure Technology Solutions in the 3rd quarter valued at approximately $200,000.

Analysts Set New Price Targets

FIGR has been the subject of a number of recent analyst reports. Jefferies Financial Group initiated coverage on shares of Figure Technology Solutions in a report on Monday, October 6th. They set a “hold” rating and a $40.00 price target for the company. Zacks Research upgraded Figure Technology Solutions to a “hold” rating in a research note on Tuesday, October 7th. Piper Sandler raised their target price on Figure Technology Solutions from $50.00 to $55.00 and gave the company an “overweight” rating in a report on Monday, November 17th. Needham & Company LLC reissued a “buy” rating and set a $51.00 price target on shares of Figure Technology Solutions in a report on Monday, November 17th. Finally, Mizuho raised their price objective on Figure Technology Solutions from $47.00 to $56.00 and gave the company an “outperform” rating in a research note on Monday, November 17th. Six equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, Figure Technology Solutions presently has a consensus rating of “Moderate Buy” and a consensus target price of $50.38.

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.