Shaunt Voskanian Sells 6,076 Shares of Figma (NYSE:FIG) Stock

Figma, Inc. (NYSE:FIG) CRO Shaunt Voskanian sold 6,076 shares of the company’s stock in a transaction dated Monday, December 1st. The stock was sold at an average price of $35.45, for a total value of $215,394.20. Following the completion of the transaction, the executive owned 1,611,250 shares of the company’s stock, valued at $57,118,812.50. The trade was a 0.38% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

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

• On Monday, November 10th, Shaunt Voskanian sold 403,335 shares of Figma stock. The stock was 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 stock was sold at an average price of $48.17, for a total value of $1,288,113.97.

Figma Trading Up 3.8%

Shares of NYSE FIG opened at $38.78 on Friday. Figma, Inc. has a one year low of $32.83 and a one year high of $142.92. The company’s 50 day simple moving average is $48.16.

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, beating analysts’ consensus estimates of ($1.56) by $1.66. The business had revenue of $274.17 million during the quarter. The business’s quarterly revenue was up 38.0% compared to the same quarter last year. During the same period last year, the business earned $0.04 earnings per share.

Institutional Investors Weigh In On Figma

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

Analyst Ratings Changes

A number of research analysts have recently issued reports on FIG shares. Morgan Stanley reduced their price objective on Figma from $80.00 to $70.00 and set an “equal weight” rating on the stock in a research note on Thursday, September 4th. JPMorgan Chase & Co. decreased their price objective on shares of Figma from $65.00 to $60.00 and set a “neutral” rating on the stock in a research report on Thursday, November 6th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Figma in a research note on Monday. Wells Fargo & Company cut their target price on Figma from $70.00 to $52.00 and set an “equal weight” rating on the stock in a research note on Wednesday, November 5th. Finally, Wall Street Zen upgraded Figma to a “hold” rating in a report on Saturday, August 9th. Three analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Figma presently has an average rating of “Hold” and a consensus price target 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.