Key Points
- CEO Michael Benjamin Tannenbaum has been selling large blocks of FIGR stock, most recently 100,000 shares on Nov. 24 at $35.82 for $3.58M and previously 908,000 shares on Nov. 18 at $39.19 for $35.58M, and still owns 3,821,366 shares after the transactions.
- Fundamentals and sentiment: Figure beat quarterly EPS estimates ($0.34 vs. $0.16) on $156.03M revenue, and analysts remain mostly positive with a consensus "Moderate Buy" and an average price target of $50.38.
Figure Technology Solutions, Inc. (NASDAQ:FIGR - Get Free Report) CEO Michael Benjamin Tannenbaum sold 29,437 shares of the firm's stock in a transaction on Tuesday, November 25th. The stock was sold at an average price of $34.16, for a total value of $1,005,567.92. Following the transaction, the chief executive officer directly owned 3,791,929 shares of the company's stock, valued at approximately $129,532,294.64. This represents a 0.77% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.
Michael Benjamin Tannenbaum also recently made the following trade(s):
- On Monday, November 24th, Michael Benjamin Tannenbaum sold 100,000 shares of Figure Technology Solutions stock. The shares were sold at an average price of $35.82, for a total value of $3,582,000.00.
- On Tuesday, November 18th, Michael Benjamin Tannenbaum sold 908,000 shares of Figure Technology Solutions stock. The shares were sold at an average price of $39.19, for a total value of $35,584,520.00.
- On Friday, September 12th, Michael Benjamin Tannenbaum sold 297,171 shares of Figure Technology Solutions stock. The stock was sold at an average price of $25.00, for a total value of $7,429,275.00.
Figure Technology Solutions Trading Up 4.7%
Shares of FIGR stock opened at $35.31 on Thursday. The firm has a 50 day moving average of $39.85. Figure Technology Solutions, Inc. has a one year low of $30.01 and a one year high of $49.50.
Figure Technology Solutions (NASDAQ:FIGR - Get Free Report) last posted its quarterly earnings data on Thursday, November 13th. The company reported $0.34 EPS for the quarter, beating analysts' consensus estimates of $0.16 by $0.18. The firm had revenue of $156.03 million during the quarter.
Hedge Funds Weigh In On Figure Technology Solutions
A number of hedge funds have recently added to or reduced their stakes in FIGR. Blue Trust Inc. purchased a new stake in shares of Figure Technology Solutions in the third quarter worth approximately $64,000. SBI Securities Co. Ltd. purchased a new position in 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 in the 3rd quarter worth $73,000. BNP Paribas Financial Markets purchased a new stake in shares of Figure Technology Solutions in the third quarter valued at about $102,000. Finally, Ameritas Advisory Services LLC bought a new position in shares of Figure Technology Solutions during the third quarter valued at about $200,000.
Analyst Ratings Changes
Several equities research analysts recently commented on the company. Zacks Research upgraded Figure Technology Solutions to a "hold" rating in a research report on Tuesday, October 7th. Bank of America boosted their target price on shares of Figure Technology Solutions from $41.00 to $47.00 and gave the company a "neutral" rating in a research report on Monday, November 17th. Keefe, Bruyette & Woods lifted their price target on shares of Figure Technology Solutions from $48.50 to $52.00 and gave the company an "outperform" rating in a research note on Tuesday, November 18th. Needham & Company LLC restated a "buy" rating and issued a $51.00 target price on shares of Figure Technology Solutions in a research note on Monday, November 17th. Finally, The Goldman Sachs Group boosted their target price on Figure Technology Solutions from $42.00 to $48.00 and gave the company a "buy" rating in a research report on Tuesday, October 14th. Six equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, Figure Technology Solutions currently has an average rating of "Moderate Buy" and a consensus price target of $50.38.
View Our Latest Report on FIGR
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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