Minchung Kgil Sells 4,000 Shares of Figure Technology Solutions (NASDAQ:FIGR) Stock

Figure Technology Solutions, Inc. (NASDAQ:FIGR) CFO Minchung Kgil sold 4,000 shares of the stock in a transaction dated Tuesday, June 30th. The shares were sold at an average price of $30.03, for a total transaction of $120,120.00. Following the completion of the transaction, the chief financial officer directly owned 499,651 shares in the company, valued at approximately $15,004,519.53. This represents a 0.79% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Wednesday, June 24th, Minchung Kgil sold 4,000 shares of Figure Technology Solutions stock. The stock was sold at an average price of $27.64, for a total value of $110,560.00.
• On Monday, June 15th, Minchung Kgil sold 9,117 shares of Figure Technology Solutions stock. The shares were sold at an average price of $30.06, for a total value of $274,057.02.
• On Friday, April 24th, Minchung Kgil sold 8,000 shares of Figure Technology Solutions stock. The stock was sold at an average price of $32.25, for a total value of $258,000.00.

Figure Technology Solutions Stock Performance

Shares of Figure Technology Solutions stock traded up $1.24 during trading on Thursday, reaching $33.91. The company’s stock had a trading volume of 4,901,831 shares, compared to its average volume of 4,895,369. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 0.20. The business’s 50-day moving average price is $32.96 and its 200-day moving average price is $38.70. Figure Technology Solutions, Inc. has a 52 week low of $25.01 and a 52 week high of $78.00. The firm has a market cap of $6.19 billion and a PE ratio of 58.47.

Figure Technology Solutions (NASDAQ:FIGR) last posted its quarterly earnings data on Monday, May 11th. The company reported $0.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.17 by $0.01. The business had revenue of $166.84 million during the quarter. Equities analysts forecast that Figure Technology Solutions, Inc. will post 0.94 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts have weighed in on FIGR shares. Bank of America dropped their price objective on Figure Technology Solutions from $34.00 to $31.00 in a report on Thursday, April 2nd. Zacks Research upgraded Figure Technology Solutions from a “strong sell” rating to a “hold” rating in a research report on Tuesday, April 14th. Needham & Company LLC reaffirmed a “buy” rating and set a $55.00 price objective on shares of Figure Technology Solutions in a research report on Wednesday, May 13th. Weiss Ratings upgraded shares of Figure Technology Solutions from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Thursday, June 4th. Finally, Sanford C. Bernstein decreased their target price on shares of Figure Technology Solutions from $72.00 to $67.00 and set an “outperform” rating on the stock in a report on Monday, March 30th. Two investment analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Figure Technology Solutions presently has an average rating of “Moderate Buy” and an average price target of $53.62.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in FIGR. Global Retirement Partners LLC acquired a new position in Figure Technology Solutions during the 4th quarter worth about $25,000. Strs Ohio bought a new position in shares of Figure Technology Solutions during the fourth quarter worth about $34,000. MetLife Investment Management LLC acquired a new position in shares of Figure Technology Solutions in the fourth quarter worth approximately $35,000. WPG Advisers LLC boosted its holdings in Figure Technology Solutions by 71.1% in the first quarter. WPG Advisers LLC now owns 934 shares of the company’s stock valued at $32,000 after acquiring an additional 388 shares during the last quarter. Finally, Flagship Harbor Advisors LLC bought a new stake in Figure Technology Solutions in the fourth quarter valued at approximately $40,000.

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.