Fred Alger Management 13F: Adds $67M to FIGR Stake

Fred Alger Management Expands Figure Technology Solutions Holding

Fred Alger Management lifted its holdings in Figure Technology Solutions, Inc. (NasdaqGS: FIGR) by a substantial margin, according to its latest Form 13F filing with the Securities and Exchange Commission. The fund added 2,188,858 shares during the period, marking a 132.6% increase from its prior count of 1,649,993 shares. That brought its total ownership to 3,838,851 shares. The reported value of this expanded stake reached roughly $117.9 million. Because this Form 13F filing looks backward at holdings from the reporting period, it might not show the fund's exact current position today.

Figure Technology Solutions Stock and Recent Market Action

Shares of Figure Technology Solutions change hands around $30.71. That places the equity well below its 52-week peak of $78.00 while staying above the 52-week floor of $24.11. The spot price also sits under its 200-day moving average of $36.87 and near its 50-day moving average of $32.54. This pricing context helps show where the stock traded relative to the fund's buying activity during the quarter.

Recent Earnings Performance

Figure Technology Solutions reported positive financial metrics for its business operations. The company generated $619.1 million in revenue over the tracked timeframe, reflecting a revenue growth rate of 120.8%. Profitability metrics include an earnings per share figure of $0.95, accompanied by a net profit margin of 38.3% and a return on equity of 26.1%. The firm's next scheduled earnings release arrives on November 12, 2026.

Wall Street Analyst Views on Figure Technology Solutions

Several research firms updated their outlooks on the financial technology provider through the summer and autumn. On July 8, 2026, Needham reiterated its buy rating with a $55.00 price target. Keefe, Bruyette & Woods kept an outperform rating with a $45.00 target on July 13, 2026, while Piper Sandler maintained an overweight rating and a $65.00 target on July 15, 2026. Later in the summer, Bernstein maintained an outperform rating with a $70.00 price target on August 6, 2026, and Needham reiterated a buy rating twice more in August at $55.00. On September 9, 2026, B of A Securities upgraded the stock to a neutral rating and raised its target to $49.00 from $31.00. Most recently, Freedom Capital Markets initiated coverage on October 15, 2026, with a buy rating and a $40.00 price target. Taken together, the stock carries a consensus buy recommendation from analysts alongside a mean price target of $55.29.

Inside Figure Technology Solutions

Figure Technology Solutions, Inc. operates as a financial technology enterprise headquartered in Reno, Nevada. Led by CEO Michael Benjamin Tannenbaum, the company develops blockchain-based products and marketplace solutions for consumer lending, trading, and digital asset investing. Its platform pairs loan origination systems with distribution marketplaces like Figure Connect to link borrowers with capital partners. Formerly known as FT Intermediate, Inc., the firm adopted its current name in August 2025.

What to Watch Next for Figure Technology Solutions

Market participants will follow upcoming regulatory filings to track whether institutional buyers continue building their positions in the fintech sector. The company's next earnings report on November 12, 2026, will offer additional details on its revenue expansion and lending marketplaces. These updates, alongside future portfolio disclosures, will shed more light on institutional sentiment toward the company.