Figure Technology Solutions (NASDAQ:FIGR) Director Michael Scott Cagney Sells 200,058 Shares

Figure Technology Solutions, Inc. (NASDAQ:FIGR) Director Michael Scott Cagney sold 200,058 shares of Figure Technology Solutions stock in a transaction on Wednesday, December 10th. The stock was sold at an average price of $39.40, for a total transaction of $7,882,285.20. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Michael Scott Cagney also recently made the following trade(s):

• On Friday, November 21st, Michael Scott Cagney sold 250,000 shares of Figure Technology Solutions stock. The shares were sold at an average price of $34.06, for a total transaction of $8,515,000.00.
• On Thursday, November 20th, Michael Scott Cagney sold 500,000 shares of Figure Technology Solutions stock. The stock was sold at an average price of $36.22, for a total transaction of $18,110,000.00.

Figure Technology Solutions Price Performance

Shares of NASDAQ FIGR opened at $41.16 on Friday. Figure Technology Solutions, Inc. has a 12-month low of $30.01 and a 12-month high of $49.50. The company’s 50-day simple moving average is $39.51.

Figure Technology Solutions (NASDAQ:FIGR) last issued its earnings results 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

A number of large investors have recently bought and sold shares of FIGR. Zweig DiMenna Associates LLC acquired a new stake in Figure Technology Solutions in the 3rd quarter valued at approximately $10,711,000. Ameritas Advisory Services LLC acquired a new position in Figure Technology Solutions during the third quarter worth $200,000. SBI Securities Co. Ltd. purchased a new position in shares of Figure Technology Solutions during the third quarter worth $66,000. Mutual Advisors LLC acquired a new stake in shares of Figure Technology Solutions in the third quarter valued at $1,446,000. Finally, Lisanti Capital Growth LLC purchased a new stake in shares of Figure Technology Solutions in the 3rd quarter valued at $3,780,000.

Analyst Ratings Changes

Several analysts have issued reports on FIGR shares. Sanford C. Bernstein initiated coverage on Figure Technology Solutions in a report on Monday, October 6th. They issued an “outperform” rating and a $54.00 target price for the company. Keefe, Bruyette & Woods raised their price objective on shares of Figure Technology Solutions from $48.50 to $52.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 18th. Needham & Company LLC reaffirmed a “buy” rating and set a $51.00 target price on shares of Figure Technology Solutions in a research note on Monday, November 17th. Piper Sandler increased their price target on shares of Figure Technology Solutions from $50.00 to $55.00 and gave the company an “overweight” rating in a research note on Monday, November 17th. Finally, Zacks Research raised shares of Figure Technology Solutions to a “hold” rating in a research report on Tuesday, October 7th. Six investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average 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.