Renaissance Technologies LLC Has $764,000 Stake in Figure Technology Solutions, Inc. $FIGR

Renaissance Technologies LLC lowered its holdings in Figure Technology Solutions, Inc. (NASDAQ:FIGR) by 53.5% in the first quarter, HoldingsChannel.com reports. The firm owned 22,500 shares of the company’s stock after selling 25,900 shares during the quarter. Renaissance Technologies LLC’s holdings in Figure Technology Solutions were worth $764,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. WPG Advisers LLC raised its position in shares of Figure Technology Solutions by 71.1% in the first quarter. WPG Advisers LLC now owns 934 shares of the company’s stock valued at $32,000 after buying an additional 388 shares in the last quarter. State of Wyoming grew its position in Figure Technology Solutions by 14.8% during the first quarter. State of Wyoming now owns 3,864 shares of the company’s stock worth $131,000 after buying an additional 498 shares in the last quarter. Arcus Capital Partners LLC grew its position in Figure Technology Solutions by 7.9% during the first quarter. Arcus Capital Partners LLC now owns 7,400 shares of the company’s stock worth $251,000 after buying an additional 541 shares in the last quarter. Global Retirement Partners LLC bought a new position in Figure Technology Solutions during the 4th quarter worth $25,000. Finally, Wells Fargo & Company MN increased its stake in Figure Technology Solutions by 3.5% during the 4th quarter. Wells Fargo & Company MN now owns 18,429 shares of the company’s stock worth $753,000 after acquiring an additional 616 shares during the period.

Key Headlines Impacting Figure Technology Solutions

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

• Positive Sentiment: Strong Q2 earnings: Figure reported diluted EPS of $0.35, exceeding the $0.24 consensus estimate, while net revenue reached $225.6 million, up 113% year over year. Net income surged 192% to $87.4 million, and adjusted EBITDA rose 126% to $119.4 million. Figure Technology Solutions Reports Strong Second Quarter 2026 Results
• Positive Sentiment: Marketplace growth and upbeat outlook: Consumer Loan Marketplace volume increased 132% to $4.3 billion, with Figure Connect accounting for 65% of volume. Management projects third-quarter volume of $4.8 billion to $5.2 billion and said the pending Kiavi acquisition remains on track to close in the second half of 2026. Figure Projects Q3 Consumer Loan Marketplace Volume
• Positive Sentiment: Analyst support: Needham reaffirmed its “buy” rating and assigned a $55 price target, implying substantial upside from recent trading levels. Needham Reaffirms Buy Rating on Figure Technology Solutions
• Neutral Sentiment: Figure’s net take rate declined to 3.6% from 4.0% a year earlier, suggesting that competitive pricing or business mix may be tempering monetization even as transaction volume expands.
• Negative Sentiment: Insider selling: CFO Minchung Kgil sold 4,000 shares for approximately $120,120 under a pre-arranged Rule 10b5-1 plan. The relatively small transaction followed a broader pattern of insider sales and no reported purchases, which may weigh on sentiment. SEC Insider Transaction Filing
• Negative Sentiment: The stock remains valued at a relatively high earnings multiple, while Figure continues to identify risks involving lending conditions, regulation, technology, third-party providers and the successful completion of the Kiavi acquisition.

Insider Buying and Selling at Figure Technology Solutions

In related news, CFO Minchung Kgil sold 9,117 shares of the firm’s stock in a transaction on Monday, June 15th. The stock was sold at an average price of $30.06, for a total transaction of $274,057.02. Following the completion of the transaction, the chief financial officer directly owned 507,651 shares of the company’s stock, valued at $15,259,989.06. This trade represents a 1.76% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Michael Benjamin Tannenbaum sold 14,871 shares of Figure Technology Solutions stock in a transaction dated Tuesday, May 19th. The stock was sold at an average price of $37.27, for a total value of $554,242.17. Following the transaction, the chief executive officer directly owned 3,193,641 shares in the company, valued at $119,027,000.07. The trade was a 0.46% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 42,019 shares of company stock valued at $1,364,796. 26.60% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on FIGR. Keefe, Bruyette & Woods cut their target price on Figure Technology Solutions from $55.00 to $45.00 and set an “outperform” rating for the company in a research report on Monday, July 13th. Weiss Ratings upgraded Figure Technology Solutions from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday, June 4th. Sanford C. Bernstein boosted their price target on Figure Technology Solutions from $67.00 to $70.00 and gave the company an “outperform” rating in a research note on Thursday, August 6th. Needham & Company LLC reaffirmed a “buy” rating and set a $55.00 price objective on shares of Figure Technology Solutions in a research report on Friday. Finally, Piper Sandler cut their price objective 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. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Figure Technology Solutions currently has an average rating of “Moderate Buy” and a consensus target price of $50.62.

Figure Technology Solutions Trading Down 1.4%

Shares of NASDAQ FIGR opened at $31.43 on Friday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.90 and a current ratio of 1.90. Figure Technology Solutions, Inc. has a 52-week low of $24.11 and a 52-week high of $78.00. The firm has a 50 day moving average price of $29.26 and a two-hundred day moving average price of $33.91. The stock has a market cap of $5.74 billion and a P/E ratio of 33.80.

Figure Technology Solutions (NASDAQ:FIGR) last issued its quarterly earnings results on Thursday, August 13th. The company reported $0.35 EPS for the quarter, topping analysts’ consensus estimates of $0.24 by $0.11. Figure Technology Solutions had a net margin of 33.45% and a return on equity of 19.58%. The company had revenue of $218.45 million for the quarter. As a group, equities analysts forecast that Figure Technology Solutions, Inc. will post 1.01 EPS for the current year.

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.