Figure Technology Solutions (NASDAQ:FIGR) Director Sells $7,882,285.20 in Stock

by · The Markets Daily

Figure Technology Solutions, Inc. (NASDAQ:FIGR – Get Free Report) Director June Ou sold 200,058 shares of the company’s stock in a transaction dated Wednesday, December 10th. The stock was sold at an average price of $39.40, for a total value of $7,882,285.20. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

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

  • On Friday, November 21st, June Ou sold 250,000 shares of Figure Technology Solutions stock. The stock was sold at an average price of $34.06, for a total value of $8,515,000.00.
  • On Thursday, November 20th, June Ou sold 500,000 shares of Figure Technology Solutions stock. The stock was sold at an average price of $36.22, for a total transaction of $18,110,000.00.

Figure Technology Solutions Stock Down 2.1%

NASDAQ:FIGR traded down $0.89 during mid-day trading on Friday, hitting $41.16. The stock had a trading volume of 3,337,031 shares, compared to its average volume of 3,085,492. Figure Technology Solutions, Inc. has a twelve month low of $30.01 and a twelve month high of $49.50. The firm’s 50-day simple moving average is $39.50.

Figure Technology Solutions (NASDAQ:FIGR – Get Free Report) last announced its quarterly earnings data on Thursday, November 13th. The company reported $0.34 earnings per share for the quarter, beating analysts’ consensus estimates of $0.16 by $0.18. The firm had revenue of $156.03 million during the quarter.

Wall Street Analyst Weigh In

FIGR has been the subject of a number of recent analyst reports. Sanford C. Bernstein began coverage on Figure Technology Solutions in a report on Monday, October 6th. They set an “outperform” rating and a $54.00 price target for the company. Mizuho raised their target price on Figure Technology Solutions from $47.00 to $56.00 and gave the stock an “outperform” rating in a research report on Monday, November 17th. Jefferies Financial Group assumed coverage on Figure Technology Solutions in a research note on Monday, October 6th. They set a “hold” rating and a $40.00 target price for the company. Wall Street Zen upgraded shares of Figure Technology Solutions to a “hold” rating in a research note on Monday, September 22nd. Finally, Piper Sandler boosted their price objective on shares of Figure Technology Solutions from $50.00 to $55.00 and gave the stock an “overweight” rating in a research report on Monday, November 17th. Six investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $50.38.

Get Our Latest Stock Analysis on Figure Technology Solutions

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in FIGR. Blue Trust Inc. purchased a new stake in Figure Technology Solutions in the third quarter valued at approximately $64,000. SBI Securities Co. Ltd. purchased a new position in shares of Figure Technology Solutions during the third quarter worth approximately $66,000. PNC Financial Services Group Inc. acquired a new position in shares of Figure Technology Solutions in the 3rd quarter valued at $73,000. BNP Paribas Financial Markets purchased a new stake in Figure Technology Solutions in the 3rd quarter valued at $102,000. Finally, Ameritas Advisory Services LLC acquired a new stake in Figure Technology Solutions during the 3rd quarter worth $200,000.

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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