Figure Technology Solutions, Inc. (NASDAQ:FIGR - Get Free Report) CFO Minchung Kgil sold 4,000 shares of the firm's stock in a transaction that occurred on Friday, July 24th. The stock was sold at an average price of $28.13, for a total transaction of $112,520.00. Following the completion of the transaction, the chief financial officer directly owned 495,651 shares of the company's stock, valued at $13,942,662.63. This represents a 0.80% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Minchung Kgil also recently made the following trade(s):
- On Tuesday, June 30th, Minchung Kgil sold 4,000 shares of Figure Technology Solutions stock. The stock was sold at an average price of $30.03, for a total transaction of $120,120.00.
- On Wednesday, June 24th, Minchung Kgil sold 4,000 shares of Figure Technology Solutions stock. The shares were sold at an average price of $27.64, for a total transaction of $110,560.00.
- On Monday, June 15th, Minchung Kgil sold 9,117 shares of Figure Technology Solutions stock. The shares were sold at an average price of $30.06, for a total value of $274,057.02.
Figure Technology Solutions Stock Performance
Shares of Figure Technology Solutions stock opened at $27.55 on Wednesday. The stock has a market cap of $5.03 billion and a PE ratio of 47.50. The business has a fifty day simple moving average of $30.61 and a 200-day simple moving average of $36.93. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 0.20. Figure Technology Solutions, Inc. has a 12 month low of $25.01 and a 12 month high of $78.00.
Figure Technology Solutions (NASDAQ:FIGR - Get Free Report) last posted its quarterly earnings results on Monday, May 11th. The company reported $0.18 earnings per share for the quarter, beating the consensus estimate of $0.17 by $0.01. The business had revenue of $166.84 million for the quarter. On average, sell-side analysts anticipate that Figure Technology Solutions, Inc. will post 0.92 EPS for the current fiscal year.
Institutional Investors Weigh In On Figure Technology Solutions
A number of large investors have recently bought and sold shares of FIGR. Duquesne Family Office LLC acquired a new position in Figure Technology Solutions during the third quarter worth $76,989,000. Fred Alger Management LLC acquired a new stake in shares of Figure Technology Solutions in the fourth quarter worth about $67,386,000. Pantera Capital Partners LP bought a new stake in shares of Figure Technology Solutions during the 3rd quarter worth about $56,114,000. Balyasny Asset Management L.P. bought a new stake in shares of Figure Technology Solutions during the 3rd quarter worth about $36,087,000. Finally, Alliancebernstein L.P. acquired a new position in shares of Figure Technology Solutions during the 3rd quarter valued at about $34,626,000.
Analyst Upgrades and Downgrades
A number of brokerages have recently weighed in on FIGR. Bank of America dropped their target price on Figure Technology Solutions from $34.00 to $31.00 in a report on Thursday, April 2nd. Needham & Company LLC restated a "buy" rating and set a $55.00 price target on shares of Figure Technology Solutions in a report on Wednesday, July 8th. Wall Street Zen downgraded shares of Figure Technology Solutions from a "hold" rating to a "sell" rating in a research report on Sunday, July 12th. Zacks Research upgraded shares of Figure Technology Solutions from a "strong sell" rating to a "hold" rating in a research report on Tuesday, April 14th. Finally, Piper Sandler decreased their target price on shares of Figure Technology Solutions from $75.00 to $65.00 and set an "overweight" rating for the company in a research note on Wednesday, July 15th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $50.25.
View 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. 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.
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