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

Key Points

• Tudor Investment Corp bought 220,106 shares of Figure Technology Solutions (~$8.0M) in Q3 (about 0.12% of the company), and several other institutions including JPMorgan, Fidelity and Federated Hermes also opened sizable new positions.
• Figure missed quarterly EPS estimates ($0.06 vs. $0.13) but reported revenue up 90.7% YoY to $157.63M, and the board authorized a $200 million share repurchase program covering up to 3.3% of outstanding shares.
• Insiders have sold 292,478 shares (~$9.7M) in the last 90 days, while analyst views are mixed—average rating is “Moderate Buy” with an average price target of $55.63 and a one‑year stock range of $25.01–$78.00.

Tudor Investment Corp ET AL acquired a new position in Figure Technology Solutions, Inc. (NASDAQ:FIGR - Free Report) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 220,106 shares of the company's stock, valued at approximately $8,005,000. Tudor Investment Corp ET AL owned about 0.12% of Figure Technology Solutions at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of FIGR. Federated Hermes Inc. bought a new stake in shares of Figure Technology Solutions during the 3rd quarter worth $8,183,000. Lisanti Capital Growth LLC purchased a new position in Figure Technology Solutions in the third quarter valued at about $3,780,000. JPMorgan Chase & Co. bought a new position in shares of Figure Technology Solutions during the 3rd quarter valued at approximately $15,529,000. BIT Capital GmbH purchased a new stake in shares of Figure Technology Solutions during the 3rd quarter worth approximately $7,718,000. Finally, Fidelity National Financial Inc. purchased a new stake in shares of Figure Technology Solutions during the 3rd quarter worth approximately $9,092,000.

Figure Technology Solutions Price Performance

NASDAQ:FIGR opened at $33.21 on Tuesday. Figure Technology Solutions, Inc. has a 1 year low of $25.01 and a 1 year high of $78.00. The stock's fifty day moving average is $43.40. The company has a current ratio of 2.20, a quick ratio of 2.20 and a debt-to-equity ratio of 0.19. The stock has a market capitalization of $5.89 billion and a P/E ratio of 83.03.

Figure Technology Solutions (NASDAQ:FIGR - Get Free Report) last announced its quarterly earnings results 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 during the quarter, compared to the consensus estimate 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 has authorized a stock repurchase program on Thursday, February 26th that permits the company to repurchase $200.00 million in outstanding shares. This repurchase authorization permits the company to buy up to 3.3% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company's board believes its stock is undervalued.

Insider Transactions at Figure Technology Solutions

In other news, Director Sachin Chand Jaitly sold 216,713 shares of the stock in a transaction dated Tuesday, March 10th. The shares were sold at an average price of $33.64, for a total value of $7,290,225.32. The sale 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 the firm's stock in a transaction 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 completion of the transaction, the insider directly owned 436,089 shares of the company's stock, valued at approximately $13,963,569.78. The trade was a 10.23% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 292,478 shares of company stock valued at $9,715,699 in the last ninety days.

Analysts Set New Price Targets

FIGR has been the topic of several research analyst reports. Weiss Ratings downgraded Figure Technology Solutions from a "hold (c-)" rating to a "sell (d+)" rating in a research note on Wednesday, February 11th. Bank of America lowered Figure Technology Solutions from a "neutral" rating to an "underperform" rating and set a $42.00 target price on the stock. in a research note on Tuesday, February 3rd. Piper Sandler increased their price target on Figure Technology Solutions from $55.00 to $75.00 and gave the stock an "overweight" rating in a research note on Wednesday, January 14th. Sanford C. Bernstein lifted their price objective on Figure Technology Solutions from $54.00 to $72.00 and gave the stock an "outperform" rating in a report on Tuesday, January 13th. Finally, Texas Capital raised shares of Figure Technology Solutions to a "strong-buy" rating in a report on Thursday, January 29th. Two research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating, one has given a Hold rating and three have issued a Sell rating to the company. According to MarketBeat.com, Figure Technology Solutions currently has an average rating of "Moderate Buy" and an average price target of $55.63.

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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