Figure Technology Solutions (NASDAQ:FIGR) Insider David Todd Stevens Sells 47,650 Shares

Figure Technology Solutions, Inc. (NASDAQ:FIGR) insider David Todd Stevens sold 47,650 shares of the company’s stock in a transaction dated Friday, August 14th. The shares were sold at an average price of $31.38, for a total transaction of $1,495,257.00. Following the transaction, the insider directly owned 376,599 shares of the company’s stock, valued at $11,817,676.62. This represents a 11.23% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Figure Technology Solutions Stock Performance

FIGR stock traded down $0.18 during trading on Tuesday, reaching $35.58. 4,455,052 shares of the stock were exchanged, compared to its average volume of 4,622,380. Figure Technology Solutions, Inc. has a twelve month low of $24.11 and a twelve month high of $78.00. 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 company has a market capitalization of $6.50 billion and a P/E ratio of 38.26. The stock has a 50 day simple moving average of $29.42 and a 200-day simple moving average of $33.51.

Figure Technology Solutions (NASDAQ:FIGR) last posted its quarterly earnings results on Thursday, August 13th. The company reported $0.35 EPS for the quarter, beating the consensus estimate 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 firm had revenue of $218.45 million during the quarter. As a group, sell-side analysts anticipate that Figure Technology Solutions, Inc. will post 1.01 earnings per share for the current year.

Institutional Investors Weigh In On Figure Technology Solutions

Several institutional investors and hedge funds have recently made changes to their positions in the company. Victory Capital Management Inc. acquired a new stake in shares of Figure Technology Solutions during the 3rd quarter worth about $9,221,000. Franklin Resources Inc. acquired a new position in Figure Technology Solutions in the third quarter valued at about $5,456,000. BNP Paribas Financial Markets bought a new stake in Figure Technology Solutions during the third quarter worth about $102,000. UBS Group AG acquired a new stake in shares of Figure Technology Solutions during the third quarter worth approximately $7,620,000. Finally, Invesco Ltd. acquired a new stake in shares of Figure Technology Solutions during the third quarter worth approximately $25,451,000.

Analysts Set New Price Targets

FIGR has been the topic of a number of recent research reports. Sanford C. Bernstein lifted their price target on shares of Figure Technology Solutions from $67.00 to $70.00 and gave the stock an “outperform” rating in a research note on Thursday, August 6th. Wall Street Zen upgraded shares of Figure Technology Solutions from a “sell” rating to a “hold” rating in a research report on Saturday. Needham & Company LLC reissued a “buy” rating and issued a $55.00 target price on shares of Figure Technology Solutions in a research note on Friday. Piper Sandler dropped their price target on shares of Figure Technology Solutions from $75.00 to $65.00 and set an “overweight” rating for the company in a research report on Wednesday, July 15th. Finally, Keefe, Bruyette & Woods decreased their price objective on Figure Technology Solutions from $55.00 to $45.00 and set an “outperform” rating on the stock in a report on Monday, July 13th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $50.62.

Figure Technology Solutions Company Profile

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.