Key Points
- CFO insider sale: Minchung Kgil sold 4,000 FIGR shares for approximately $120,120 under a pre-arranged Rule 10b5-1 plan, retaining 491,651 shares. The transaction follows several earlier sales and no reported purchases.
- Strong quarterly performance: Figure reported $0.35 in quarterly EPS, beating the $0.24 consensus estimate, with revenue of $218.45 million. Marketplace volume also grew sharply, while management forecast third-quarter volume of $4.8 billion to $5.2 billion.
- Mixed valuation and outlook: Analysts maintain a “Moderate Buy” consensus with an average price target of $50.62, but the stock trades at a relatively high 33.8 price-to-earnings ratio and faces risks including lower net take rates, regulation and the pending Kiavi acquisition.
Figure Technology Solutions, Inc. (NASDAQ:FIGR - Get Free Report) CFO Minchung Kgil sold 4,000 shares of the business's stock in a transaction that occurred on Wednesday, August 12th. The stock was sold at an average price of $30.03, for a total transaction of $120,120.00. Following the completion of the sale, the chief financial officer directly owned 491,651 shares of the company's stock, valued at $14,764,279.53. This represents a 0.81% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Minchung Kgil also recently made the following trade(s):
- On Friday, July 24th, Minchung Kgil sold 4,000 shares of Figure Technology Solutions stock. The stock was sold at an average price of $28.13, for a total transaction of $112,520.00.
- On Tuesday, June 30th, Minchung Kgil sold 4,000 shares of Figure Technology Solutions stock. The shares were 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
NASDAQ FIGR opened at $31.43 on Friday. Figure Technology Solutions, Inc. has a 1-year low of $24.11 and a 1-year high of $78.00. The company has a 50 day moving average of $29.26 and a 200-day moving average of $33.91. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 0.20. The firm has a market cap of $5.74 billion and a price-to-earnings ratio of 33.80.
Figure Technology Solutions (NASDAQ:FIGR - Get Free Report) last announced its earnings results on Thursday, August 13th. The company reported $0.35 earnings per share for the quarter, beating analysts' consensus estimates of $0.24 by $0.11. Figure Technology Solutions had a return on equity of 19.58% and a net margin of 33.45%.The company had revenue of $218.45 million during the quarter. On average, equities analysts forecast that Figure Technology Solutions, Inc. will post 0.92 earnings per share for the current fiscal year.
Trending Headlines about Figure Technology Solutions
Here are the key news stories impacting Figure Technology Solutions this week:
- Positive Sentiment: Strong Q2 earnings: Figure reported diluted EPS of $0.35, exceeding the $0.24 consensus estimate, while net revenue reached $225.6 million, up 113% year over year. Net income surged 192% to $87.4 million, and adjusted EBITDA rose 126% to $119.4 million. Figure Technology Solutions Reports Strong Second Quarter 2026 Results
- Positive Sentiment: Marketplace growth and upbeat outlook: Consumer Loan Marketplace volume increased 132% to $4.3 billion, with Figure Connect accounting for 65% of volume. Management projects third-quarter volume of $4.8 billion to $5.2 billion and said the pending Kiavi acquisition remains on track to close in the second half of 2026. Figure Projects Q3 Consumer Loan Marketplace Volume
- Positive Sentiment: Analyst support: Needham reaffirmed its “buy” rating and assigned a $55 price target, implying substantial upside from recent trading levels. Needham Reaffirms Buy Rating on Figure Technology Solutions
- Neutral Sentiment: Figure’s net take rate declined to 3.6% from 4.0% a year earlier, suggesting that competitive pricing or business mix may be tempering monetization even as transaction volume expands.
- Negative Sentiment: Insider selling: CFO Minchung Kgil sold 4,000 shares for approximately $120,120 under a pre-arranged Rule 10b5-1 plan. The relatively small transaction followed a broader pattern of insider sales and no reported purchases, which may weigh on sentiment. SEC Insider Transaction Filing
- Negative Sentiment: The stock remains valued at a relatively high earnings multiple, while Figure continues to identify risks involving lending conditions, regulation, technology, third-party providers and the successful completion of the Kiavi acquisition.
Institutional Inflows and Outflows
Hedge funds have recently added to or reduced their stakes in the company. Global Retirement Partners LLC acquired a new stake in Figure Technology Solutions in the fourth quarter valued at about $25,000. Strs Ohio bought a new position in shares of Figure Technology Solutions in the 4th quarter valued at $34,000. MetLife Investment Management LLC bought a new stake in Figure Technology Solutions during the 4th quarter worth $35,000. WPG Advisers LLC grew its holdings in shares of Figure Technology Solutions by 71.1% during the first quarter. WPG Advisers LLC now owns 934 shares of the company's stock worth $32,000 after purchasing an additional 388 shares during the last quarter. Finally, Johnson Financial Group Inc. bought a new position in Figure Technology Solutions in the 4th quarter valued at approximately $41,000.
Analyst Ratings Changes
A number of brokerages have recently weighed in on FIGR. Weiss Ratings raised shares of Figure Technology Solutions from a "sell (d+)" rating to a "hold (c-)" rating in a research report on Thursday, June 4th. Piper Sandler dropped their price target on Figure Technology Solutions from $75.00 to $65.00 and set an "overweight" rating on the stock in a research note on Wednesday, July 15th. Keefe, Bruyette & Woods lowered their price objective on shares of Figure Technology Solutions from $55.00 to $45.00 and set an "outperform" rating on the stock in a report on Monday, July 13th. Wall Street Zen upgraded Figure Technology Solutions from a "sell" rating to a "hold" rating in a report on Saturday. Finally, Sanford C. Bernstein boosted their target price on shares of Figure Technology Solutions from $67.00 to $70.00 and gave the stock an "outperform" rating in a report on Thursday, August 6th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $50.62.
View Our Latest Analysis 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. 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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