Figure Technology Solutions (NASDAQ:FIGR) CFO Minchung Kgil Sells 32,994 Shares of Stock

by · The Cerbat Gem

Figure Technology Solutions, Inc. (NASDAQ:FIGR – Get Free Report) CFO Minchung Kgil sold 32,994 shares of the company’s stock in a transaction dated Wednesday, December 3rd. The shares were sold at an average price of $35.05, for a total value of $1,156,439.70. Following the completion of the transaction, the chief financial officer owned 584,155 shares in the company, valued at $20,474,632.75. This represents a 5.35% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

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

  • On Tuesday, December 2nd, Minchung Kgil sold 100,000 shares of Figure Technology Solutions stock. The shares were sold at an average price of $35.09, for a total transaction of $3,509,000.00.

Figure Technology Solutions Trading Down 2.9%

Figure Technology Solutions stock opened at $37.90 on Friday. Figure Technology Solutions, Inc. has a twelve month low of $30.01 and a twelve month high of $49.50. The company has a 50 day moving average of $39.30.

Figure Technology Solutions (NASDAQ:FIGR – Get Free Report) last posted its quarterly earnings results on Thursday, November 13th. The company reported $0.34 EPS for the quarter, beating the consensus estimate of $0.16 by $0.18. The company had revenue of $156.03 million for the quarter.

Institutional Investors Weigh In On Figure Technology Solutions

Several institutional investors and hedge funds have recently bought and sold shares of FIGR. Orland Properties Ltd acquired a new stake in shares of Figure Technology Solutions during the 3rd quarter valued at about $319,187,000. Vanguard Group Inc. acquired a new position in Figure Technology Solutions in the third quarter worth about $91,751,000. Duquesne Family Office LLC bought a new position in Figure Technology Solutions during the third quarter worth about $76,989,000. Pantera Capital Partners LP acquired a new stake in Figure Technology Solutions during the third quarter valued at approximately $56,114,000. Finally, Capital World Investors bought a new stake in shares of Figure Technology Solutions in the 3rd quarter valued at approximately $50,918,000.

Wall Street Analyst Weigh In

FIGR has been the subject of a number of recent research reports. Needham & Company LLC reaffirmed a “buy” rating and set a $51.00 price target on shares of Figure Technology Solutions in a research note on Monday, November 17th. Keefe, Bruyette & Woods raised their price objective on shares of Figure Technology Solutions from $48.50 to $52.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 18th. Piper Sandler upped their target price on shares of Figure Technology Solutions from $50.00 to $55.00 and gave the company an “overweight” rating in a research note on Monday, November 17th. Sanford C. Bernstein initiated coverage on shares of 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, Bank of America raised their price target on shares of Figure Technology Solutions from $41.00 to $47.00 and gave the stock a “neutral” rating in a research report on Monday, November 17th. Six investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $50.38.

View Our Latest Stock Report on Figure Technology Solutions

Figure Technology Solutions Company Profile

(Get Free Report)

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.

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