Insider Selling: Figma (NYSE:FIG) CAO Sells 2,232 Shares of Stock

Figma, Inc. (NYSE:FIG) CAO Tyler Herb sold 2,232 shares of the company’s stock in a transaction that occurred on Monday, February 2nd. The shares were sold at an average price of $24.86, for a total transaction of $55,487.52. Following the completion of the transaction, the chief accounting officer owned 195,926 shares of the company’s stock, valued at approximately $4,870,720.36. This trade represents a 1.13% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

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

• On Monday, January 5th, Tyler Herb sold 2,840 shares of Figma stock. The shares were sold at an average price of $37.15, for a total value of $105,506.00.
• On Friday, January 2nd, Tyler Herb sold 2,408 shares of Figma stock. The stock was sold at an average price of $37.21, for a total value of $89,601.68.
• On Wednesday, December 3rd, Tyler Herb sold 2,310 shares of Figma stock. The stock was sold at an average price of $36.60, for a total value of $84,546.00.
• On Monday, December 1st, Tyler Herb sold 3,073 shares of Figma stock. The shares were 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 stock was 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.

Figma Price Performance

FIG stock traded up $1.08 during trading on Wednesday, hitting $22.47. The company had a trading volume of 24,151,286 shares, compared to its average volume of 9,452,685. The stock has a 50-day moving average price of $34.32. Figma, Inc. has a one year low of $19.85 and a one year high of $142.92.

Figma (NYSE:FIG) last released its quarterly earnings results 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 firm had revenue of $274.17 million during the quarter. Figma had a negative net margin of 99.32% and a negative return on equity of 84.34%. The firm’s revenue for the quarter was up 38.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.04 EPS.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on FIG. Wells Fargo & Company upgraded shares of Figma from an “equal weight” rating to an “overweight” rating and set a $52.00 target price on the stock in a report on Thursday, January 8th. The Goldman Sachs Group started coverage on Figma in a research report on Monday, January 12th. They issued a “neutral” rating and a $40.00 price objective for the company. Barclays upgraded Figma to a “neutral” rating in a research report on Thursday, January 8th. Morgan Stanley decreased their target price on Figma from $65.00 to $48.00 and set an “equal weight” rating for the company in a research note on Thursday, January 15th. Finally, Stifel Nicolaus initiated coverage on Figma in a report on Wednesday, January 7th. They issued a “hold” rating and a $40.00 target price for the company. Four investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $47.75.

Institutional Investors Weigh In On Figma

Several hedge funds and other institutional investors have recently modified their holdings of FIG. SC US Ttgp LTD. bought a new position in shares of Figma in the 3rd quarter worth $1,310,305,000. ICONIQ Capital LLC bought a new stake in Figma during the 3rd quarter valued at $1,108,879,000. a16z Capital Management L.L.C. acquired a new position in Figma during the third quarter worth $842,687,000. Baillie Gifford & Co. lifted its stake in shares of Figma by 93.8% in the fourth quarter. Baillie Gifford & Co. now owns 5,763,613 shares of the company’s stock valued at $215,386,000 after buying an additional 2,789,986 shares in the last quarter. Finally, Durable Capital Partners LP acquired a new position in shares of Figma during the third quarter valued at about $278,510,000.

Figma Company Profile

Figma is a San Francisco–based software company that offers a web-based platform for interface design, prototyping and collaboration. Its flagship product, Figma, enables teams to create and refine user interfaces, vector graphics and design systems directly in a browser, eliminating the need for local installations. The platform’s real-time collaboration features allow multiple stakeholders—designers, developers and product managers—to edit and comment simultaneously, streamlining workflows and reducing version control issues.

In addition to its core design tool, Figma provides FigJam, a digital whiteboarding solution that facilitates brainstorming sessions, wireframing and diagramming.