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FIGR shares rose after strong earnings and upgraded ratings, despite insider sales.
Figure Technology Solutions (FIGR) shares rose 10.8% on Monday, reaching $46.46, after Bank of America raised its price target to $47.00 while keeping a neutral rating.
The company reported third-quarter earnings of $0.34 per share, beating estimates of $0.16, and generated $156.03 million in revenue.
Mizuho upgraded the stock to "outperform" with a $56.00 price target, citing strong results.
The company, which develops blockchain platforms for capital markets, saw insider sales in September: CEO Michael Tannenbaum and Director Adam Boyden sold shares at $25.00, reducing their stakes.
The stock closed at $44.58, with a consensus "Moderate Buy" rating and a target of $49.31.
Las acciones de FIGR subieron después de fuertes ganancias y mejoras en las calificaciones, a pesar de las ventas internas.