Figure Technology Solutions (NASDAQ:FIGR) CFO Minchung Kgil Sells 9,117 Shares

Figure Technology Solutions, Inc. (NASDAQ:FIGR) CFO Minchung Kgil sold 9,117 shares of Figure Technology Solutions stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $30.06, for a total value of $274,057.02. Following the sale, the chief financial officer directly owned 507,651 shares of the company’s stock, valued at approximately $15,259,989.06. The trade was a 1.76% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Minchung Kgil also recently made the following trade(s):

• On Friday, April 24th, Minchung Kgil sold 8,000 shares of Figure Technology Solutions stock. The stock was sold at an average price of $32.25, for a total value of $258,000.00.

Figure Technology Solutions Stock Performance

Shares of Figure Technology Solutions stock traded down $2.25 during trading on Wednesday, reaching $27.40. The company’s stock had a trading volume of 5,619,559 shares, compared to its average volume of 4,825,226. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 0.20. The business’s 50-day moving average price is $34.30 and its 200-day moving average price is $39.44. Figure Technology Solutions, Inc. has a 52 week low of $25.01 and a 52 week high of $78.00. The firm has a market cap of $5.00 billion and a PE ratio of 47.24.

Figure Technology Solutions (NASDAQ:FIGR) last issued its quarterly earnings data on Monday, May 11th. The company reported $0.18 earnings per share for the quarter, topping the consensus estimate of $0.17 by $0.01. The business had revenue of $166.84 million during the quarter. Equities analysts forecast that Figure Technology Solutions, Inc. will post 0.94 earnings per share for the current year.

Figure Technology Solutions announced that its board has authorized a share repurchase plan on Thursday, February 26th that allows the company to repurchase $200.00 million in shares. This repurchase authorization allows the company to purchase up to 3.3% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s management believes its shares are undervalued.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on FIGR. Sanford C. Bernstein reduced their price target on Figure Technology Solutions from $72.00 to $67.00 and set an “outperform” rating on the stock in a research report on Monday, March 30th. Bank of America cut their target price on Figure Technology Solutions from $34.00 to $31.00 in a research report on Thursday, April 2nd. The Goldman Sachs Group reduced their target price on Figure Technology Solutions from $49.00 to $44.00 and set a “buy” rating on the stock in a report on Monday, March 2nd. Keefe, Bruyette & Woods upgraded Figure Technology Solutions from a “moderate buy” rating to a “strong-buy” rating in a research report on Thursday, February 19th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $55.00 price target on shares of Figure Technology Solutions in a research note on Wednesday, May 13th. Two investment analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $53.63.

Institutional Investors Weigh In On Figure Technology Solutions

A number of large investors have recently modified their holdings of FIGR. Global Retirement Partners LLC bought a new position in shares of Figure Technology Solutions in the 4th quarter valued at $25,000. WPG Advisers LLC lifted its position in shares of 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 acquired a new stake in Figure Technology Solutions in the fourth quarter valued at about $34,000. MetLife Investment Management LLC bought a new position in Figure Technology Solutions in the fourth quarter valued at about $35,000. Finally, Flagship Harbor Advisors LLC acquired a new position in Figure Technology Solutions during the fourth quarter worth about $40,000.

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.