Figure Technology Solutions (NASDAQ:FIGR) CEO Michael Benjamin Tannenbaum Sells 60,000 Shares

Figure Technology Solutions, Inc. (NASDAQ:FIGR) CEO Michael Benjamin Tannenbaum sold 60,000 shares of the stock in a transaction dated Tuesday, December 2nd. The stock was sold at an average price of $35.22, for a total transaction of $2,113,200.00. Following the transaction, the chief executive officer directly owned 3,731,929 shares of the company’s stock, valued at $131,438,539.38. This represents a 1.58% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Michael Benjamin Tannenbaum also recently made the following trade(s):

• On Wednesday, December 3rd, Michael Benjamin Tannenbaum sold 90,026 shares of Figure Technology Solutions stock. The stock was sold at an average price of $35.12, for a total value of $3,161,713.12.
• On Tuesday, November 25th, Michael Benjamin Tannenbaum sold 29,437 shares of Figure Technology Solutions stock. The shares were sold at an average price of $34.16, for a total value of $1,005,567.92.
• On Monday, November 24th, Michael Benjamin Tannenbaum sold 100,000 shares of Figure Technology Solutions stock. The stock was sold at an average price of $35.82, for a total transaction of $3,582,000.00.
• On Tuesday, November 18th, Michael Benjamin Tannenbaum sold 908,000 shares of Figure Technology Solutions stock. The shares were sold at an average price of $39.19, for a total transaction of $35,584,520.00.
• On Friday, September 12th, Michael Benjamin Tannenbaum sold 297,171 shares of Figure Technology Solutions stock. The stock was sold at an average price of $25.00, for a total transaction of $7,429,275.00.

Figure Technology Solutions Price Performance

FIGR stock opened at $37.90 on Friday. The firm’s 50 day moving average is $39.30. Figure Technology Solutions, Inc. has a 12-month low of $30.01 and a 12-month high of $49.50.

Figure Technology Solutions (NASDAQ:FIGR) last issued its quarterly earnings data on Thursday, November 13th. The company reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.16 by $0.18. The firm had revenue of $156.03 million for the quarter.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on FIGR. The Goldman Sachs Group upped their target price on Figure Technology Solutions from $42.00 to $48.00 and gave the company a “buy” rating in a research note on Tuesday, October 14th. Keefe, Bruyette & Woods upped their price objective on shares of Figure Technology Solutions from $48.50 to $52.00 and gave the company an “outperform” rating in a research note on Tuesday, November 18th. Piper Sandler lifted their target price on shares of Figure Technology Solutions from $50.00 to $55.00 and gave the stock an “overweight” rating in a research note on Monday, November 17th. Sanford C. Bernstein assumed coverage on Figure Technology Solutions in a report on Monday, October 6th. They issued an “outperform” rating and a $54.00 price target for the company. Finally, Mizuho raised their price objective on Figure Technology Solutions from $47.00 to $56.00 and gave the stock an “outperform” rating in a report on Monday, November 17th. Six investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $50.38.

Hedge Funds Weigh In On Figure Technology Solutions

Large investors have recently bought and sold shares of the stock. Blue Trust Inc. acquired a new stake in shares of Figure Technology Solutions during the 3rd quarter worth $64,000. SBI Securities Co. Ltd. purchased a new position in shares of Figure Technology Solutions in the third quarter valued at $66,000. PNC Financial Services Group Inc. purchased a new stake in Figure Technology Solutions during the 3rd quarter worth $73,000. BNP Paribas Financial Markets acquired a new position in shares of Figure Technology Solutions in the third quarter worth about $102,000. Finally, Ameritas Advisory Services LLC purchased a new position in shares of Figure Technology Solutions during the 3rd quarter valued at approximately $200,000.

About Figure Technology Solutions

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.