WIM INVESTMENT MANAGEMENT Ltd Invests $17.65 Million in Figure Technology Solutions, Inc. $FIGR

WIM INVESTMENT MANAGEMENT Ltd purchased a new stake in Figure Technology Solutions, Inc. (NASDAQ:FIGR) in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 485,286 shares of the company’s stock, valued at approximately $17,650,000. Figure Technology Solutions makes up about 4.5% of WIM INVESTMENT MANAGEMENT Ltd’s investment portfolio, making the stock its 9th biggest holding. WIM INVESTMENT MANAGEMENT Ltd owned about 0.23% of Figure Technology Solutions at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in FIGR. Blue Trust Inc. bought a new position in Figure Technology Solutions in the third quarter valued at approximately $64,000. SBI Securities Co. Ltd. acquired a new position in shares of Figure Technology Solutions during the 3rd quarter worth $66,000. PNC Financial Services Group Inc. bought a new stake in shares of Figure Technology Solutions during the 3rd quarter worth $73,000. Ameritas Advisory Services LLC acquired a new stake in Figure Technology Solutions in the third quarter valued at about $200,000. Finally, Hennessy Advisors Inc. bought a new position in Figure Technology Solutions in the third quarter valued at about $255,000.

Insider Buying and Selling at Figure Technology Solutions

In other news, insider David Todd Stevens sold 40,000 shares of the business’s stock in a transaction dated Wednesday, December 3rd. The stock was sold at an average price of $35.22, for a total value of $1,408,800.00. Following the transaction, the insider directly owned 489,000 shares of the company’s stock, valued at $17,222,580. The trade was a 7.56% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Minchung Kgil sold 32,994 shares of the company’s stock in a transaction dated Wednesday, December 3rd. The shares were sold at an average price of $35.05, for a total value of $1,156,439.70. Following the sale, the chief financial officer owned 584,155 shares in the company, valued at approximately $20,474,632.75. The trade was a 5.35% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 723,136 shares of company stock valued at $27,113,723.

Figure Technology Solutions Stock Performance

NASDAQ:FIGR opened at $34.66 on Thursday. The company has a debt-to-equity ratio of 0.17, a current ratio of 2.26 and a quick ratio of 2.26. Figure Technology Solutions, Inc. has a fifty-two week low of $28.37 and a fifty-two week high of $78.00. The firm’s 50 day moving average price is $48.46. The firm has a market cap of $6.10 billion and a P/E ratio of 101.94.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the stock. Mizuho increased their target price on shares of Figure Technology Solutions from $47.00 to $56.00 and gave the stock an “outperform” rating in a report on Monday, November 17th. Bank of America lowered shares of Figure Technology Solutions from a “neutral” rating to an “underperform” rating and set a $42.00 target price on the stock. in a research report on Tuesday, February 3rd. Weiss Ratings cut Figure Technology Solutions from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday, February 11th. Piper Sandler upped their target price on Figure Technology Solutions from $55.00 to $75.00 and gave the stock an “overweight” rating in a report on Wednesday, January 14th. Finally, Zacks Research lowered Figure Technology Solutions from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, February 4th. Two analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating, two have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $59.50.

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. 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.