Insider Selling: Figure Technology Solutions (NASDAQ:FIGR) CFO Sells $112,520.00 in Stock

Figure Technology Solutions, Inc. (NASDAQ:FIGR) CFO Minchung Kgil sold 4,000 shares of the company’s stock in a transaction that occurred on Friday, July 24th. The stock was sold at an average price of $28.13, for a total transaction of $112,520.00. Following the completion of the sale, the chief financial officer directly owned 495,651 shares of the company’s stock, valued at approximately $13,942,662.63. This represents a 0.80% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Tuesday, June 30th, Minchung Kgil sold 4,000 shares of Figure Technology Solutions stock. The shares were sold at an average price of $30.03, for a total transaction of $120,120.00.
• 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.

Figure Technology Solutions Stock Up 3.4%

Shares of FIGR stock opened at $25.81 on Friday. Figure Technology Solutions, Inc. has a 1 year low of $24.90 and a 1 year high of $78.00. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.90 and a current ratio of 1.90. The business’s fifty day moving average is $30.21 and its 200-day moving average is $36.47. The stock has a market cap of $4.71 billion and a PE ratio of 44.50.

Figure Technology Solutions (NASDAQ:FIGR) last announced its quarterly earnings data on Monday, May 11th. The company reported $0.18 earnings per share for the quarter, beating the consensus estimate of $0.17 by $0.01. The firm had revenue of $166.84 million during the quarter. Equities analysts expect that Figure Technology Solutions, Inc. will post 0.92 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms have recently weighed in on FIGR. Needham & Company LLC restated a “buy” rating and set a $55.00 price objective on shares of Figure Technology Solutions in a research report on Wednesday, July 8th. Zacks Research upgraded shares of Figure Technology Solutions from a “strong sell” rating to a “hold” rating in a report on Tuesday, April 14th. Weiss Ratings upgraded shares of Figure Technology Solutions from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday, June 4th. Wall Street Zen cut Figure Technology Solutions from a “hold” rating to a “sell” rating in a report on Sunday, July 12th. Finally, Bank of America reduced their target price on Figure Technology Solutions from $34.00 to $31.00 in a report on Thursday, April 2nd. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $50.25.

Hedge Funds Weigh In On Figure Technology Solutions

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Global Retirement Partners LLC acquired a new position in shares of Figure Technology Solutions during the fourth quarter worth approximately $25,000. WPG Advisers LLC grew its position 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 period. Strs Ohio acquired a new position in Figure Technology Solutions during the fourth quarter worth $34,000. MetLife Investment Management LLC bought a new stake in Figure Technology Solutions during the fourth quarter worth about $35,000. Finally, Flagship Harbor Advisors LLC bought a new stake in Figure Technology Solutions during the fourth quarter worth about $40,000.

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. 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.