Figma (NYSE:FIG) CRO Sells $231,267.40 in Stock

Figma, Inc. (NYSE:FIG) CRO Shaunt Voskanian sold 6,305 shares of Figma stock in a transaction on Wednesday, December 3rd. The shares were sold at an average price of $36.68, for a total transaction of $231,267.40. Following the completion of the transaction, the executive directly owned 1,604,945 shares of the company’s stock, valued at $58,869,382.60. The trade was a 0.39% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Shaunt Voskanian also recently made the following trade(s):

• On Monday, December 1st, Shaunt Voskanian sold 6,076 shares of Figma stock. The shares were sold at an average price of $35.45, for a total value of $215,394.20.
• On Monday, November 10th, Shaunt Voskanian sold 403,335 shares of Figma stock. The shares were sold at an average price of $43.39, for a total value of $17,500,705.65.
• On Monday, November 3rd, Shaunt Voskanian sold 26,741 shares of Figma stock. The shares were sold at an average price of $48.17, for a total value of $1,288,113.97.

Figma Price Performance

Shares of FIG stock traded down $0.75 during trading hours on Friday, hitting $37.96. 4,993,192 shares of the company’s stock were exchanged, compared to its average volume of 10,736,335. The business’s 50 day moving average price is $48.16. Figma, Inc. has a fifty-two week low of $32.83 and a fifty-two week high of $142.92.

Figma (NYSE:FIG) last released its earnings results on Wednesday, November 5th. The company reported $0.10 EPS for the quarter, topping analysts’ consensus estimates of ($1.56) by $1.66. The company had revenue of $274.17 million for the quarter. During the same period in the prior year, the company earned $0.04 earnings per share. The firm’s quarterly revenue was up 38.0% on a year-over-year basis.

Hedge Funds Weigh In On Figma

A number of hedge funds have recently made changes to their positions in FIG. Voya Investment Management LLC purchased a new position in shares of Figma during the third quarter worth $3,412,000. VERITY Wealth Advisors acquired a new position in shares of Figma in the third quarter valued at approximately $519,000. Tripletail Wealth Management LLC acquired a new stake in Figma during the 3rd quarter worth approximately $53,000. Renaissance Capital LLC purchased a new position in Figma in the 3rd quarter valued at approximately $2,439,000. Finally, SOA Wealth Advisors LLC. acquired a new position in shares of Figma in the third quarter worth $39,000.

Wall Street Analysts Forecast Growth

FIG has been the topic of several research reports. Zacks Research raised shares of Figma to a “hold” rating in a research note on Thursday, August 21st. Weiss Ratings restated a “sell (e+)” rating on shares of Figma in a report on Monday. Wolfe Research started coverage on shares of Figma in a report on Monday, August 25th. They issued a “peer perform” rating for the company. Bank of America cut their price objective on shares of Figma from $85.00 to $69.00 and set a “buy” rating for the company in a research report on Thursday, September 4th. Finally, The Goldman Sachs Group boosted their target price on shares of Figma from $49.00 to $54.00 and gave the company a “neutral” rating in a report on Friday, November 7th. Three analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $62.86.

About Figma

Figma is where teams come together to turn ideas into the world’s best digital products and experiences. Every day, billions of people around the world use apps, websites, and other digital experiences that are made in Figma. They’re looking up directions on Google Maps; requesting rides with Uber; checking in for flights on JetBlue; streaming shows on Netflix; learning languages with Duolingo; asking questions of Claude; connecting on LinkedIn; buying goods on Mercado Libre; or booking stays and experiences with Airbnb.