Key Points
- Director June Ou sold 750,000 shares across Nov 20–21, selling 500,000 at $36.22 and 250,000 at $34.06 for a combined ~$26.63 million and leaving her with 6,128,993 shares (a ~3.92% reduction reported after the Nov 21 sale).
- Company posted a strong quarter and draws positive analyst coverage: Q3 EPS was $0.34 vs. $0.16 expected on $156.03M revenue, and analysts give a "Moderate Buy" consensus with a $50.38 average target and price targets raised as high as $55.
Figure Technology Solutions, Inc. (NASDAQ:FIGR - Get Free Report) Director June Ou sold 250,000 shares of Figure Technology Solutions stock in a transaction on Friday, November 21st. The stock was sold at an average price of $34.06, for a total transaction of $8,515,000.00. Following the sale, the director directly owned 6,128,993 shares of the company's stock, valued at $208,753,501.58. This represents a 3.92% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.
June Ou also recently made the following trade(s):
- On Thursday, November 20th, June Ou sold 500,000 shares of Figure Technology Solutions stock. The stock was sold at an average price of $36.22, for a total value of $18,110,000.00.
Figure Technology Solutions Stock Up 2.8%
NASDAQ:FIGR opened at $35.77 on Tuesday. Figure Technology Solutions, Inc. has a 52-week low of $30.01 and a 52-week high of $49.50. The stock's 50-day moving average price is $40.08.
Figure Technology Solutions (NASDAQ:FIGR - Get Free Report) last posted its quarterly earnings results on Thursday, November 13th. The company reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.16 by $0.18. The firm had revenue of $156.03 million for the quarter.
Analyst Ratings Changes
Several equities analysts have recently issued reports on the company. Zacks Research upgraded Figure Technology Solutions to a "hold" rating in a research note on Tuesday, October 7th. Jefferies Financial Group began 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. Piper Sandler boosted their price target on Figure Technology Solutions from $50.00 to $55.00 and gave the company an "overweight" rating in a research note on Monday, November 17th. The Goldman Sachs Group raised their target price on Figure Technology Solutions from $42.00 to $48.00 and gave the company a "buy" rating in a research note on Tuesday, October 14th. Finally, Sanford C. Bernstein started coverage on Figure Technology Solutions in a report on Monday, October 6th. They set an "outperform" rating and a $54.00 price objective for the company. Six investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $50.38.
View Our Latest Analysis on Figure Technology Solutions
Institutional Investors Weigh In On Figure Technology Solutions
Hedge funds have recently added to or reduced their stakes in the company. Blue Trust Inc. bought a new position in shares of Figure Technology Solutions during the 3rd quarter valued at about $64,000. SBI Securities Co. Ltd. bought a new stake in Figure Technology Solutions in the 3rd quarter worth approximately $66,000. PNC Financial Services Group Inc. purchased a new stake in Figure Technology Solutions in the third quarter worth approximately $73,000. BNP Paribas Financial Markets bought a new position in Figure Technology Solutions during the third quarter valued at approximately $102,000. Finally, Ameritas Advisory Services LLC purchased a new position in shares of Figure Technology Solutions during the third quarter worth approximately $200,000.
About Figure Technology Solutions
(
Get Free Report)
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.
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