Insider Selling: Figure Technology Solutions (NASDAQ:FIGR) Director Sells $1,344,258.00 in Stock

Figure Technology Solutions, Inc. (NASDAQ:FIGR) Director June Ou sold 35,190 shares of the business’s stock in a transaction that occurred on Wednesday, May 13th. The shares were sold at an average price of $38.20, for a total transaction of $1,344,258.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

June Ou also recently made the following trade(s):

• On Wednesday, April 15th, June Ou sold 67,840 shares of Figure Technology Solutions stock. The shares were sold at an average price of $35.19, for a total transaction of $2,387,289.60.

Figure Technology Solutions Price Performance

FIGR stock opened at $43.28 on Monday. Figure Technology Solutions, Inc. has a 52-week low of $25.01 and a 52-week high of $78.00. The company’s 50 day simple moving average is $34.97 and its 200-day simple moving average is $40.35. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.20 and a quick ratio of 2.20. The firm has a market capitalization of $7.86 billion and a P/E ratio of 108.20.

Figure Technology Solutions (NASDAQ:FIGR) last released its quarterly earnings results on Monday, May 11th. The company reported $0.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.17 by $0.01. The firm had revenue of $166.84 million for the quarter. As a group, equities research analysts anticipate that Figure Technology Solutions, Inc. will post 0.94 EPS for the current year.

Figure Technology Solutions announced that its board has initiated a share buyback plan on Thursday, February 26th that permits the company to buyback $200.00 million in outstanding shares. This buyback authorization permits the company to reacquire up to 3.3% of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s board of directors believes its shares are undervalued.

Key Headlines Impacting Figure Technology Solutions

Here are the key news stories impacting Figure Technology Solutions this week:

• Positive Sentiment: Mizuho raised its price target on Figure Technology Solutions to $55 from $45 and kept an Outperform rating, signaling confidence in further upside for the stock. Mizuho Raises Figure Technology Solutions Price Target
• Positive Sentiment: Needham & Company reiterated a Buy rating on FIGR, reinforcing a constructive outlook from analysts. Needham & Company Buy Rating on Figure Technology Solutions
• Positive Sentiment: Recent coverage highlighted CEO Michael Tannenbaum’s comments on AI, blockchain, and growth opportunities, which may support investor optimism around the company’s long-term strategy. CEO Interview on AI, Blockchain and Capital Markets
• Neutral Sentiment: Market commentary compared FIGR’s year-to-date performance with other business services names, suggesting investors are still benchmarking the stock against its peers. FIGR vs. Peer Performance Article
• Negative Sentiment: Director Michael Scott Cagney sold 35,190 shares in a pre-arranged 10b5-1 transaction, reducing his position by 50%, which can weigh on sentiment despite the planned nature of the trade.
• Negative Sentiment: Director June Ou sold 35,190 shares in another pre-arranged 10b5-1 sale, adding to insider selling pressure on the stock.
• Negative Sentiment: Insider David Todd Stevens sold 47,064 shares, trimming his ownership by about 10.4%, which may raise caution even though the sale was also under a trading plan.

Analysts Set New Price Targets

Several research analysts have weighed in on FIGR shares. Bank of America dropped their price objective on shares of Figure Technology Solutions from $34.00 to $31.00 in a research note on Thursday, April 2nd. Zacks Research upgraded shares of Figure Technology Solutions from a “strong sell” rating to a “hold” rating in a research note on Tuesday, April 14th. Sanford C. Bernstein dropped their price objective on shares of Figure Technology Solutions from $72.00 to $67.00 and set an “outperform” rating on the stock in a research note on Monday, March 30th. Texas Capital upgraded shares of Figure Technology Solutions to a “strong-buy” rating in a research note on Thursday, January 29th. Finally, Mizuho upped their price objective on shares of Figure Technology Solutions from $45.00 to $55.00 and gave the company an “outperform” rating in a research note on Thursday. Two research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $53.63.

Institutional Trading of Figure Technology Solutions

Several large investors have recently added to or reduced their stakes in FIGR. Emerald Mutual Fund Advisers Trust bought a new stake in Figure Technology Solutions in the third quarter worth approximately $1,013,000. Federated Hermes Inc. bought a new stake in Figure Technology Solutions in the third quarter worth approximately $8,183,000. TD Waterhouse Canada Inc. bought a new stake in Figure Technology Solutions in the third quarter worth approximately $2,157,000. Lisanti Capital Growth LLC bought a new stake in Figure Technology Solutions in the third quarter worth approximately $3,780,000. Finally, Mutual Advisors LLC bought a new stake in Figure Technology Solutions in the third quarter worth approximately $1,446,000.

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. 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.