Figure Technology Solutions (NASDAQ:FIGR) Now Covered by Piper Sandler

Piper Sandler started coverage on shares of Figure Technology Solutions (NASDAQ:FIGR) in a research report released on Monday, MarketBeat.com reports. The firm issued an overweight rating and a $50.00 target price on the stock.

Separately, Wall Street Zen raised Figure Technology Solutions to a “hold” rating in a research note on Monday, September 22nd. Six equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Figure Technology Solutions has a consensus rating of “Moderate Buy” and an average target price of $46.69.

Figure Technology Solutions Trading Up 8.2%

FIGR stock opened at $43.59 on Monday. Figure Technology Solutions has a one year low of $30.01 and a one year high of $46.20.

Insider Activity

In related news, Director Adam Gilbert Boyden sold 468,860 shares of the business’s stock in a transaction on Friday, September 12th. The shares were sold at an average price of $25.00, for a total transaction of $11,721,500.00. Following the completion of the transaction, the director owned 6,651,158 shares in the company, valued at approximately $166,278,950. The trade was a 6.59% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Michael Benjamin Tannenbaum sold 297,171 shares of the stock in a transaction on Friday, September 12th. The shares were sold at an average price of $25.00, for a total value of $7,429,275.00. Following the completion of the transaction, the chief executive officer directly owned 4,092,576 shares in the company, valued at $102,314,400. This trade represents a 6.77% decrease in their position. The disclosure for this sale can be found here.

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.