88,700 Figure Technology Solutions, Inc. $FIGR Shares Bought by Investment House LLC

Investment House LLC grew its position in Figure Technology Solutions, Inc. (NASDAQ:FIGR) by 45.0% during the third quarter, Holdings Channel.com reports. The firm owned 285,955 shares of the company’s stock after acquiring an additional 88,700 shares during the period. Investment House LLC’s holdings in Figure Technology Solutions were worth $8,250,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of FIGR. SBI Securities Co. Ltd. increased its holdings in Figure Technology Solutions by 157.4% in the third quarter. SBI Securities Co. Ltd. now owns 1,974 shares of the company’s stock valued at $57,000 after buying an additional 1,207 shares during the last quarter. Robeco Institutional Asset Management B.V. raised its stake in Figure Technology Solutions by 92.4% in the third quarter. Robeco Institutional Asset Management B.V. now owns 192,421 shares of the company’s stock valued at $5,551,000 after buying an additional 92,421 shares in the last quarter. Sax Wealth Advisors LLC purchased a new stake in Figure Technology Solutions during the 3rd quarter worth about $589,000. GAMMA Investing LLC lifted its holdings in Figure Technology Solutions by 176.6% during the 3rd quarter. GAMMA Investing LLC now owns 1,690 shares of the company’s stock worth $49,000 after buying an additional 1,079 shares during the last quarter. Finally, Moody National Bank Trust Division boosted its position in shares of Figure Technology Solutions by 106.3% during the 3rd quarter. Moody National Bank Trust Division now owns 113,759 shares of the company’s stock worth $3,282,000 after acquiring an additional 58,609 shares in the last quarter.

Insider Buying and Selling at Figure Technology Solutions

In other news, CFO Minchung Kgil sold 8,000 shares of Figure Technology Solutions stock in a transaction dated Monday, August 24th. The shares were sold at an average price of $38.69, for a total value of $309,520.00. Following the sale, the chief financial officer owned 483,651 shares of the company’s stock, valued at $18,712,457.19. The trade was a 1.63% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider David Stevens sold 47,650 shares of the business’s stock in a transaction dated Friday, August 14th. The stock was sold at an average price of $31.38, for a total transaction of $1,495,257.00. Following the transaction, the insider owned 376,599 shares in the company, valued at approximately $11,817,676.62. This trade represents a 11.23% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 59,650 shares of company stock valued at $1,924,897 in the last 90 days. Company insiders own 26.60% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. Wall Street Zen upgraded Figure Technology Solutions from a “sell” rating to a “hold” rating in a report on Saturday, August 15th. Freedom Capital raised Figure Technology Solutions to a “strong-buy” rating in a report on Thursday, October 15th. The Goldman Sachs Group set a $41.00 price target on shares of Figure Technology Solutions in a research note on Wednesday, October 7th. Weiss Ratings downgraded shares of Figure Technology Solutions from a “hold (c)” rating to a “sell (d+)” rating in a research report on Friday, September 11th. Finally, Needham & Company LLC restated a “buy” rating on shares of Figure Technology Solutions in a report on Wednesday, October 7th. Four analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $53.57.

Figure Technology Solutions Trading Down 5.2%

Shares of FIGR stock opened at $24.04 on Friday. The business’s 50 day moving average is $32.56 and its two-hundred day moving average is $32.22. Figure Technology Solutions, Inc. has a twelve month low of $23.87 and a twelve month high of $78.00. The company has a market capitalization of $4.46 billion and a P/E ratio of 26.69. The company has a current ratio of 1.86, a quick ratio of 1.86 and a debt-to-equity ratio of 0.22.

Figure Technology Solutions (NASDAQ:FIGR) last released its quarterly earnings results on Thursday, August 13th. The company reported $0.35 EPS for the quarter, topping the consensus estimate of $0.24 by $0.11. Figure Technology Solutions had a return on equity of 18.90% and a net margin of 33.45%. The business had revenue of $218.45 million during the quarter. Equities analysts forecast that Figure Technology Solutions, Inc. will post 1.18 EPS for the current year.

Figure Technology Solutions Profile

Figure Technology Solutions, Inc is a financial technology company that develops technology-enabled lending and financial services products. The company uses artificial intelligence, blockchain and data-driven underwriting tools to streamline the origination, servicing and management of loans and other financial transactions.

Figure’s platform has supported products including home equity lines of credit, mortgage-related lending and personal loans. Its technology is designed to automate traditionally paper-intensive processes, improve transaction speed and provide digital tools for borrowers, lenders and other financial institutions.

Founded in 2018, Figure is headquartered in the United States and primarily serves the U.S.