Tyler Herb Sells 2,310 Shares of Figma (NYSE:FIG) Stock

Figma, Inc. (NYSE:FIG) CAO Tyler Herb sold 2,310 shares of the firm’s stock in a transaction that occurred on Wednesday, December 3rd. The shares were sold at an average price of $36.60, for a total value of $84,546.00. Following the completion of the transaction, the chief accounting officer directly owned 203,406 shares of the company’s stock, valued at $7,444,659.60. The trade was a 1.12% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Tyler Herb also recently made the following trade(s):

• On Monday, December 1st, Tyler Herb sold 3,073 shares of Figma stock. The stock was sold at an average price of $35.45, for a total value of $108,937.85.
• On Monday, November 17th, Tyler Herb sold 757 shares of Figma stock. The shares were sold at an average price of $38.21, for a total value of $28,924.97.
• On Monday, November 10th, Tyler Herb sold 43,357 shares of Figma stock. The stock was sold at an average price of $43.93, for a total value of $1,904,673.01.
• On Monday, November 3rd, Tyler Herb sold 3,133 shares of Figma stock. The shares were sold at an average price of $48.17, for a total transaction of $150,916.61.

Figma Trading Down 1.9%

NYSE:FIG traded down $0.75 during mid-day trading on Friday, hitting $37.96. 4,993,192 shares of the company’s stock traded hands, compared to its average volume of 10,736,335. The business has a 50 day simple moving average of $48.16. Figma, Inc. has a 1 year low of $32.83 and a 1 year high of $142.92.

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

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. William Blair reiterated an “outperform” rating on shares of Figma in a research report on Thursday, September 4th. Royal Bank Of Canada decreased their price target on shares of Figma from $75.00 to $65.00 and set a “sector perform” rating on the stock in a research note on Thursday, September 4th. JPMorgan Chase & Co. cut their price objective on shares of Figma from $65.00 to $60.00 and set a “neutral” rating for the company in a research report on Thursday, November 6th. Piper Sandler reduced their price objective on shares of Figma from $85.00 to $70.00 and set an “overweight” rating on the stock in a research note on Thursday, November 6th. Finally, Bank of America decreased their target price on shares of Figma from $85.00 to $69.00 and set a “buy” rating on the stock in a research report on Thursday, September 4th. Three investment 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’s stock. Based on data from MarketBeat.com, Figma has an average rating of “Hold” and a consensus target price of $62.86.

Institutional Inflows and Outflows

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