Figure Technology Solutions, Inc. (NASDAQ:FIGR - Get Free Report) CEO Michael Benjamin Tannenbaum sold 56,825 shares of the company's stock in a transaction on Wednesday, April 29th. The shares were sold at an average price of $31.97, for a total transaction of $1,816,695.25. Following the completion of the transaction, the chief executive officer owned 3,193,641 shares of the company's stock, valued at approximately $102,100,702.77. The trade was a 1.75% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Michael Benjamin Tannenbaum also recently made the following trade(s):
- On Tuesday, April 28th, Michael Benjamin Tannenbaum sold 127,369 shares of Figure Technology Solutions stock. The shares were sold at an average price of $33.35, for a total transaction of $4,247,756.15.
Figure Technology Solutions Stock Up 5.5%
Shares of NASDAQ:FIGR opened at $35.10 on Friday. The stock has a market cap of $6.38 billion and a P/E ratio of 87.75. The firm has a fifty day moving average price of $33.28 and a 200 day moving average price of $40.46. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.20 and a quick ratio of 2.20. Figure Technology Solutions, Inc. has a 1-year low of $25.01 and a 1-year high of $78.00.
Figure Technology Solutions (NASDAQ:FIGR - Get Free Report) last issued its quarterly earnings results on Thursday, February 26th. The company reported $0.06 earnings per share for the quarter, missing analysts' consensus estimates of $0.13 by ($0.07). The company had revenue of $157.63 million for the quarter, compared to analysts' expectations of $158.00 million. The firm's revenue was up 90.7% on a year-over-year basis. Sell-side analysts predict that Figure Technology Solutions, Inc. will post 0.93 EPS for the current year.
Figure Technology Solutions announced that its Board of Directors has authorized a share buyback program on Thursday, February 26th that allows the company to buyback $200.00 million in shares. This buyback authorization allows the company to reacquire up to 3.3% of its stock through open market purchases. Stock buyback programs are often an indication that the company's board of directors believes its shares are undervalued.
Analyst Ratings Changes
FIGR has been the subject of a number of recent research reports. Sanford C. Bernstein decreased their price target on shares of Figure Technology Solutions from $72.00 to $67.00 and set an "outperform" rating for the company in a research note on Monday, March 30th. Weiss Ratings cut shares of Figure Technology Solutions from a "sell (d+)" rating to a "sell (d)" rating in a research note on Friday, April 24th. Keefe, Bruyette & Woods upgraded shares of Figure Technology Solutions from a "moderate buy" rating to a "strong-buy" rating in a research note on Thursday, February 19th. Zacks Research upgraded shares of Figure Technology Solutions from a "strong sell" rating to a "hold" rating in a research note on Tuesday, April 14th. Finally, Mizuho decreased their price target on shares of Figure Technology Solutions from $55.00 to $45.00 and set an "outperform" rating for the company in a research note on Thursday, March 26th. Two research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating, two have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, Figure Technology Solutions currently has an average rating of "Moderate Buy" and a consensus target price of $53.75.
Check Out Our Latest Analysis on Figure Technology Solutions
Hedge Funds Weigh In On Figure Technology Solutions
A number of large investors have recently bought and sold shares of FIGR. Global Retirement Partners LLC purchased a new position in Figure Technology Solutions during the 4th quarter worth $25,000. WPG Advisers LLC raised its position in Figure Technology Solutions by 71.1% during the 1st quarter. WPG Advisers LLC now owns 934 shares of the company's stock worth $32,000 after buying an additional 388 shares during the last quarter. Strs Ohio purchased a new position in Figure Technology Solutions during the 4th quarter worth $34,000. MetLife Investment Management LLC purchased a new position in Figure Technology Solutions during the 4th quarter worth $35,000. Finally, Flagship Harbor Advisors LLC purchased a new position in Figure Technology Solutions during the 4th quarter worth $40,000.
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. 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.
Read More
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].
