Key Points
- Michael Scott Cagney, a director at Figure Technology Solutions, sold 200,058 shares on Dec. 10 at an average price of $39.40 for proceeds of $7,882,285.20.
- The Dec. 10 sale is part of three recent insider transactions (500,000 shares on Nov. 20 and 250,000 shares on Nov. 21), totaling 950,058 shares sold for roughly $34.51 million.
- Figure recently reported an earnings beat ($0.34 vs. $0.16 est.), the stock trades near $41.16 with a 1‑year range of $30.01–$49.50, and analysts hold a consensus "Moderate Buy" with an average price target of $50.38.
Figure Technology Solutions, Inc. (NASDAQ:FIGR - Get Free Report) Director Michael Scott Cagney sold 200,058 shares of the stock in a transaction on Wednesday, December 10th. The shares were sold at an average price of $39.40, for a total value of $7,882,285.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Michael Scott Cagney also recently made the following trade(s):
- On Friday, November 21st, Michael Scott Cagney sold 250,000 shares of Figure Technology Solutions stock. The stock was sold at an average price of $34.06, for a total value of $8,515,000.00.
- On Thursday, November 20th, Michael Scott Cagney 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 Price Performance
Shares of FIGR opened at $41.16 on Friday. Figure Technology Solutions, Inc. has a 1 year low of $30.01 and a 1 year high of $49.50. The firm has a 50-day moving average of $39.51.
Figure Technology Solutions (NASDAQ:FIGR - Get Free Report) last released its earnings results on Thursday, November 13th. The company reported $0.34 earnings per share for the quarter, topping analysts' consensus estimates of $0.16 by $0.18. The firm had revenue of $156.03 million for the quarter.
Hedge Funds Weigh In On Figure Technology Solutions
Several hedge funds have recently made changes to their positions in the company. Voya Investment Management LLC acquired a new stake in shares of Figure Technology Solutions during the third quarter worth about $721,000. Exchange Traded Concepts LLC acquired a new position in Figure Technology Solutions during the third quarter worth approximately $5,963,000. Blue Trust Inc. purchased a new stake in Figure Technology Solutions in the third quarter valued at approximately $64,000. Hennessy Advisors Inc. purchased a new position in shares of Figure Technology Solutions during the third quarter worth approximately $255,000. Finally, CWA Asset Management Group LLC acquired a new position in shares of Figure Technology Solutions in the 3rd quarter valued at $1,412,000.
Wall Street Analysts Forecast Growth
A number of equities research analysts have recently weighed in on FIGR shares. Zacks Research upgraded shares of Figure Technology Solutions to a "hold" rating in a report on Tuesday, October 7th. Needham & Company LLC reissued a "buy" rating and issued a $51.00 target price on shares of Figure Technology Solutions in a report on Monday, November 17th. Jefferies Financial Group started coverage on Figure Technology Solutions in a report on Monday, October 6th. They set a "hold" rating and a $40.00 price target for the company. The Goldman Sachs Group increased their price objective on Figure Technology Solutions from $42.00 to $48.00 and gave the company a "buy" rating in a report on Tuesday, October 14th. Finally, Keefe, Bruyette & Woods raised their target price on Figure Technology Solutions from $48.50 to $52.00 and gave the stock an "outperform" rating in a research report on Tuesday, November 18th. Six research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Figure Technology Solutions presently has a consensus rating of "Moderate Buy" and an average price target of $50.38.
Check Out Our Latest Analysis on Figure Technology Solutions
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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