681,668 Shares in Figure Technology Solutions, Inc. $FIGR Bought by TB Alternative Assets Ltd.

Key Points

• TB Alternative Assets Ltd. bought 681,668 shares of Figure Technology Solutions (NASDAQ:FIGR) in Q4 — about $27.84 million — representing roughly 4.6% of the hedge fund's portfolio and leaving TB with a 0.39% stake in FIGR.
• Figure missed Q4 EPS ($0.06 vs. $0.13 expected) and narrowly missed revenue ($157.63M vs. $158M) despite a 90.7% year‑over‑year revenue gain, and its Board authorized a $200.0 million share buyback (up to ~3.3% of shares).
• Insiders sold a combined 292,478 shares (~$9.72 million) in the past three months, including Director Sachin Chand Jaitly's 216,713‑share sale, even as analysts' views remain mixed with a consensus "Moderate Buy" and a $53.75 target.

TB Alternative Assets Ltd. purchased a new position in Figure Technology Solutions, Inc. (NASDAQ:FIGR - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 681,668 shares of the company's stock, valued at approximately $27,839,000. Figure Technology Solutions makes up approximately 4.6% of TB Alternative Assets Ltd.'s portfolio, making the stock its 7th biggest position. TB Alternative Assets Ltd. owned 0.39% of Figure Technology Solutions at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the stock. Yarbrough Capital LLC purchased a new position in shares of Figure Technology Solutions in the 4th quarter valued at approximately $1,167,000. Exchange Traded Concepts LLC increased its stake in Figure Technology Solutions by 14.2% during the 4th quarter. Exchange Traded Concepts LLC now owns 187,251 shares of the company's stock valued at $7,647,000 after purchasing an additional 23,286 shares in the last quarter. Moody National Bank Trust Division purchased a new position in shares of Figure Technology Solutions in the fourth quarter worth $1,745,000. SG Americas Securities LLC acquired a new stake in shares of Figure Technology Solutions during the fourth quarter worth $1,416,000. Finally, Harbour Capital Advisors LLC acquired a new stake in shares of Figure Technology Solutions during the fourth quarter worth $420,000.

Figure Technology Solutions Trading Down 3.1%

Shares of FIGR stock opened at $32.89 on Thursday. The company has a quick ratio of 2.20, a current ratio of 2.20 and a debt-to-equity ratio of 0.19. Figure Technology Solutions, Inc. has a 12-month low of $25.01 and a 12-month high of $78.00. The business's 50 day simple moving average is $38.59. The stock has a market capitalization of $5.84 billion and a P/E ratio of 82.23.

Figure Technology Solutions (NASDAQ:FIGR - Get Free Report) last posted its quarterly earnings data on Thursday, February 26th. The company reported $0.06 EPS for the quarter, missing analysts' consensus estimates of $0.13 by ($0.07). The firm had revenue of $157.63 million during the quarter, compared to analyst estimates of $158.00 million. Figure Technology Solutions's revenue was up 90.7% compared to the same quarter last year.

Figure Technology Solutions declared that its Board of Directors has authorized a share buyback plan on Thursday, February 26th that authorizes the company to repurchase $200.00 million in outstanding shares. This repurchase authorization authorizes the company to repurchase up to 3.3% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company's management believes its stock is undervalued.

Insiders Place Their Bets

In other Figure Technology Solutions news, Director Sachin Chand Jaitly sold 216,713 shares of the stock in a transaction 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 transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider David Todd Stevens sold 49,708 shares of Figure Technology Solutions stock in a transaction dated 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 completion of the sale, the insider owned 436,089 shares in the company, valued at approximately $13,963,569.78. This trade represents a 10.23% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 292,478 shares of company stock worth $9,715,699 in the last three months.

Analysts Set New Price Targets

Several research firms recently issued reports on FIGR. Keefe, Bruyette & Woods raised Figure Technology Solutions from a "moderate buy" rating to a "strong-buy" rating in a research report on Thursday, February 19th. Piper Sandler lifted their price target on Figure Technology Solutions from $55.00 to $75.00 and gave the stock an "overweight" rating in a research report on Wednesday, January 14th. Needham & Company LLC dropped their price target on Figure Technology Solutions from $71.00 to $55.00 and set a "buy" rating on the stock in a research note on Friday, February 27th. Weiss Ratings lowered Figure Technology Solutions from a "hold (c-)" rating to a "sell (d+)" rating in a report on Wednesday, February 11th. Finally, Texas Capital upgraded Figure Technology Solutions to a "strong-buy" rating in a research note on Thursday, January 29th. Two equities research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating, one has issued a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat, Figure Technology Solutions presently has an average rating of "Moderate Buy" and a consensus target price of $53.75.

Figure Technology Solutions Company Profile

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.

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