Exchange Traded Concepts LLC Takes $5.96 Million Position in Figure Technology Solutions, Inc. $FIGR

Exchange Traded Concepts LLC purchased a new stake in Figure Technology Solutions, Inc. (NASDAQ:FIGR) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 163,965 shares of the company’s stock, valued at approximately $5,963,000. Exchange Traded Concepts LLC owned about 0.08% of Figure Technology Solutions as of its most recent SEC filing.

Separately, Voya Investment Management LLC bought a new position in shares of Figure Technology Solutions in the 3rd quarter valued at about $721,000.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on FIGR. Mizuho boosted their price target on shares of Figure Technology Solutions from $47.00 to $56.00 and gave the stock an “outperform” rating in a research note on Monday, November 17th. Sanford C. Bernstein began coverage on Figure Technology Solutions in a research note on Monday, October 6th. They issued an “outperform” rating and a $54.00 price target on the stock. The Goldman Sachs Group lifted their price objective on Figure Technology Solutions from $42.00 to $48.00 and gave the stock a “buy” rating in a research note on Tuesday, October 14th. Wall Street Zen upgraded Figure Technology Solutions to a “hold” rating in a report on Monday, September 22nd. Finally, Piper Sandler raised their target price on Figure Technology Solutions from $50.00 to $55.00 and gave the stock an “overweight” rating in a report on Monday, November 17th. Six equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $50.38.

Insiders Place Their Bets

In other news, Director Michael Scott Cagney sold 500,000 shares of the stock in a transaction on Thursday, November 20th. The shares were sold at an average price of $36.22, for a total transaction of $18,110,000.00. Following the completion of the sale, the director owned 6,378,993 shares of the company’s stock, valued at $231,047,126.46. This represents a 7.27% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director June Ou sold 500,000 shares of the firm’s stock in a transaction on Thursday, November 20th. The stock was sold at an average price of $36.22, for a total transaction of $18,110,000.00. Following the sale, the director owned 6,378,993 shares in the company, valued at approximately $231,047,126.46. The trade was a 7.27% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 3,344,073 shares of company stock valued at $123,816,526 over the last 90 days.

Figure Technology Solutions Price Performance

Shares of FIGR stock opened at $44.67 on Wednesday. Figure Technology Solutions, Inc. has a 12-month low of $30.01 and a 12-month high of $49.50. The company has a fifty day moving average price of $38.91.

Figure Technology Solutions (NASDAQ:FIGR) last posted its earnings results on Thursday, November 13th. The company reported $0.34 earnings per share for the quarter, topping the consensus estimate of $0.16 by $0.18. The business had revenue of $156.03 million for the quarter.

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.