Key Points
- CFO Minchung Kgil sold 32,994 shares on Dec. 3 at an average of $35.05 for $1,156,439.70 and had sold 100,000 shares on Dec. 2 at $35.09, reducing her position by 5.35% to 584,155 shares.
- Figure's stock opened at $37.90, trades in a 52‑week range of $30.01–$49.50, and the company recently beat quarterly EPS estimates (EPS $0.34 vs. $0.16) on $156.03 million in revenue.
- Analysts have been raising targets and ratings—six Buys and three Holds—with an average price target of about $50.38 and several firms lifting targets into the $47–$55 range.
Figure Technology Solutions, Inc. (NASDAQ:FIGR - Get Free Report) CFO Minchung Kgil sold 32,994 shares of Figure Technology Solutions stock in a transaction that occurred on Wednesday, December 3rd. The stock was sold at an average price of $35.05, for a total transaction of $1,156,439.70. Following the sale, the chief financial officer owned 584,155 shares of the company's stock, valued at approximately $20,474,632.75. This represents a 5.35% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
Minchung Kgil also recently made the following trade(s):
- On Tuesday, December 2nd, Minchung Kgil sold 100,000 shares of Figure Technology Solutions stock. The shares were sold at an average price of $35.09, for a total value of $3,509,000.00.
Figure Technology Solutions Stock Performance
Shares of NASDAQ:FIGR opened at $37.90 on Friday. Figure Technology Solutions, Inc. has a fifty-two week low of $30.01 and a fifty-two week high of $49.50. The company has a 50 day moving average price of $39.30.
Figure Technology Solutions (NASDAQ:FIGR - Get Free Report) last announced its quarterly earnings results on Thursday, November 13th. The company reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.18. The firm had revenue of $156.03 million during the quarter.
Institutional Trading of Figure Technology Solutions
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Duquesne Family Office LLC acquired a new position in shares of Figure Technology Solutions during the 3rd quarter worth about $76,989,000. Davidson Kempner Capital Management LP bought a new stake in Figure Technology Solutions in the third quarter valued at approximately $6,565,000. Balyasny Asset Management L.P. bought a new stake in Figure Technology Solutions in the third quarter valued at approximately $36,087,000. Longaeva Partners L.P. acquired a new stake in shares of Figure Technology Solutions in the third quarter valued at approximately $4,183,000. Finally, Ratan Capital Management LP acquired a new position in shares of Figure Technology Solutions during the 3rd quarter worth approximately $10,911,000.
Analysts Set New Price Targets
Several equities analysts have recently weighed in on the company. Keefe, Bruyette & Woods lifted their price objective on Figure Technology Solutions from $48.50 to $52.00 and gave the company an "outperform" rating in a report on Tuesday, November 18th. The Goldman Sachs Group upped their price target on shares of Figure Technology Solutions from $42.00 to $48.00 and gave the company a "buy" rating in a report on Tuesday, October 14th. Bank of America increased their price objective on shares of Figure Technology Solutions from $41.00 to $47.00 and gave the stock a "neutral" rating in a research report on Monday, November 17th. Piper Sandler upped their target price on shares of Figure Technology Solutions from $50.00 to $55.00 and gave the stock an "overweight" rating in a research note on Monday, November 17th. Finally, Wall Street Zen raised Figure Technology Solutions to a "hold" rating in a research note on Monday, September 22nd. Six investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $50.38.
Check Out Our Latest Stock Report on Figure Technology Solutions
Figure Technology Solutions Company Profile
(
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.
Featured Articles
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
