Tudor Investment Corp ET AL Purchases New Holdings in Figure Technology Solutions, Inc. $FIGR

Tudor Investment Corp ET AL purchased a new stake in shares of Figure Technology Solutions, Inc. (NASDAQ:FIGR – Free Report) in the third quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 220,106 shares of the company’s stock, valued at approximately $8,005,000.

A number of other large investors also recently bought and sold shares of the business. Blue Trust Inc. purchased a new position in Figure Technology Solutions during the 3rd quarter valued at about $64,000. SBI Securities Co. Ltd. purchased a new position in Figure Technology Solutions during the 3rd quarter valued at about $66,000. PNC Financial Services Group Inc. purchased a new position in Figure Technology Solutions during the 3rd quarter valued at about $73,000. BNP Paribas Financial Markets purchased a new position in Figure Technology Solutions during the 3rd quarter valued at about $102,000. Finally, Ameritas Advisory Services LLC purchased a new position in Figure Technology Solutions during the 3rd quarter valued at about $200,000.

Figure Technology Solutions Stock Down 6.4%

FIGR opened at $32.30 on Tuesday. The company has a quick ratio of 2.20, a current ratio of 2.20 and a debt-to-equity ratio of 0.19. The firm has a 50 day moving average price of $36.79 and a 200-day moving average price of $41.36. Figure Technology Solutions, Inc. has a twelve month low of $25.01 and a twelve month high of $78.00. The stock has a market capitalization of $5.73 billion and a price-to-earnings ratio of 80.75.

Figure Technology Solutions (NASDAQ:FIGR – Get Free Report) last released its quarterly earnings data on Thursday, February 26th. The company reported $0.06 earnings per share for the quarter, missing the consensus estimate of $0.13 by ($0.07). The firm had revenue of $157.63 million for the quarter, compared to analysts’ expectations of $158.00 million. Figure Technology Solutions’s revenue was up 90.7% compared to the same quarter last year.

Figure Technology Solutions announced that its Board of Directors has initiated a stock repurchase plan on Thursday, February 26th that allows the company to buyback $200.00 million in shares. This buyback authorization allows the company to purchase up to 3.3% of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s management believes its stock is undervalued.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. Bank of America cut shares of Figure Technology Solutions from a “neutral” rating to an “underperform” rating and set a $42.00 price target for the company. in a research report on Tuesday, February 3rd. Weiss Ratings cut shares of Figure Technology Solutions from a “hold (c-)” rating to a “sell (d+)” rating in a report on Wednesday, February 11th. The Goldman Sachs Group decreased their target price on shares of Figure Technology Solutions from $49.00 to $44.00 and set a “buy” rating for the company in a report on Monday, March 2nd. Mizuho decreased their target price on shares of Figure Technology Solutions from $55.00 to $45.00 and set an “outperform” rating for the company in a report on Thursday, March 26th. Finally, Piper Sandler lifted their target price on shares of Figure Technology Solutions from $55.00 to $75.00 and gave the stock an “overweight” rating in a report on Wednesday, January 14th. Two investment analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating, one has assigned a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, Figure Technology Solutions has a consensus rating of “Moderate Buy” and a consensus price target of $53.75.

Get Our Latest Stock Analysis on FIGR

Insider Activity at Figure Technology Solutions

In related news, Director Sachin Chand Jaitly sold 216,713 shares of the business’s stock in a transaction that occurred on Tuesday, March 10th. The shares were sold at an average price of $33.64, for a total transaction of $7,290,225.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider David Todd Stevens sold 49,708 shares of the business’s stock in a transaction that occurred on Thursday, March 19th. The shares were sold at an average price of $32.02, for a total transaction of $1,591,650.16. Following the sale, the insider owned 436,089 shares of the company’s stock, valued at $13,963,569.78. This trade represents a 10.23% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 292,478 shares of company stock valued at $9,715,699 over the last three months.

Figure Technology Solutions Profile

(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. 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.

Featured Stories

• Five stocks we like better than Figure Technology Solutions

Want to see what other hedge funds are holding FIGR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Figure Technology Solutions, Inc. (NASDAQ:FIGR – Free Report).