Insider Selling: Figma (NYSE:FIG) General Counsel Sells 4,392 Shares of Stock

Figma, Inc. (NYSE:FIG) General Counsel Brendan Mulligan sold 4,392 shares of the business’s stock in a transaction dated Wednesday, December 3rd. The stock was sold at an average price of $36.68, for a total value of $161,098.56. Following the sale, the general counsel owned 885,904 shares in the company, valued at approximately $32,494,958.72. The trade was a 0.49% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Brendan Mulligan also recently made the following trade(s):

• On Monday, December 1st, Brendan Mulligan sold 9,343 shares of Figma stock. The stock was sold at an average price of $35.45, for a total transaction of $331,209.35.
• On Monday, November 17th, Brendan Mulligan sold 4,299 shares of Figma stock. The shares were sold at an average price of $37.29, for a total transaction of $160,309.71.
• On Wednesday, November 12th, Brendan Mulligan sold 10,000 shares of Figma stock. The shares were sold at an average price of $45.00, for a total transaction of $450,000.00.
• On Monday, November 10th, Brendan Mulligan sold 80,934 shares of Figma stock. The stock was sold at an average price of $43.47, for a total transaction of $3,518,200.98.
• On Monday, November 3rd, Brendan Mulligan sold 9,526 shares of Figma stock. The shares were sold at an average price of $48.17, for a total transaction of $458,867.42.

Figma Stock Down 1.9%

Shares of FIG traded down $0.75 during mid-day trading on Friday, reaching $37.96. The company’s stock had a trading volume of 4,993,192 shares, compared to its average volume of 8,331,936. The company has a fifty day moving average price of $47.86. Figma, Inc. has a 1 year low of $32.83 and a 1 year high of $142.92.

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

Analyst Ratings Changes

Several research firms recently commented on FIG. William Blair reaffirmed an “outperform” rating on shares of Figma in a research report on Thursday, September 4th. Piper Sandler decreased their target price on shares of Figma from $85.00 to $70.00 and set an “overweight” rating for the company in a research note on Thursday, November 6th. Wall Street Zen raised shares of Figma to a “hold” rating in a research note on Saturday, August 9th. Royal Bank Of Canada reduced their price objective on Figma from $75.00 to $65.00 and set a “sector perform” rating for the company in a research report on Thursday, September 4th. Finally, Bank of America lowered their target price on Figma from $85.00 to $69.00 and set a “buy” rating on the stock in a research note on Thursday, September 4th. Three analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $62.86.

Institutional Investors Weigh In On Figma

A number of large investors have recently bought and sold shares of the business. Whittier Trust Co. of Nevada Inc. bought a new position in Figma during the third quarter valued at about $26,000. NewEdge Advisors LLC acquired a new position in shares of Figma during the 3rd quarter valued at about $26,000. Wilmington Savings Fund Society FSB bought a new position in shares of Figma in the 3rd quarter valued at approximately $27,000. Sunbelt Securities Inc. acquired a new stake in Figma in the 3rd quarter worth approximately $30,000. Finally, US Bancorp DE bought a new stake in Figma during the third quarter worth approximately $31,000.

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.