Figma (NYSE:FIG) General Counsel Brendan Mulligan Sells 5,227 Shares of Stock

Figma, Inc. (NYSE:FIG) General Counsel Brendan Mulligan sold 5,227 shares of the company’s stock in a transaction that occurred on Tuesday, February 10th. The stock was sold at an average price of $25.00, for a total value of $130,675.00. Following the completion of the transaction, the general counsel owned 850,489 shares of the company’s stock, valued at $21,262,225. The trade was a 0.61% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• On Monday, February 2nd, Brendan Mulligan sold 7,671 shares of Figma stock. The shares were sold at an average price of $24.86, for a total transaction of $190,701.06.
• On Thursday, January 15th, Brendan Mulligan sold 5,666 shares of Figma stock. The stock was sold at an average price of $32.02, for a total transaction of $181,425.32.
• On Monday, January 5th, Brendan Mulligan sold 5,666 shares of Figma stock. The shares were sold at an average price of $37.25, for a total transaction of $211,058.50.
• On Friday, January 2nd, Brendan Mulligan sold 6,793 shares of Figma stock. The shares were sold at an average price of $37.21, for a total transaction of $252,767.53.
• On Monday, December 15th, Brendan Mulligan sold 4,392 shares of Figma stock. The stock was sold at an average price of $34.65, for a total transaction of $152,182.80.
• On Wednesday, December 3rd, Brendan Mulligan sold 4,392 shares of Figma stock. The shares were sold at an average price of $36.68, for a total transaction of $161,098.56.
• On Monday, December 1st, Brendan Mulligan sold 9,343 shares of Figma stock. The shares were sold at an average price of $35.45, for a total value of $331,209.35.
• On Monday, November 17th, Brendan Mulligan sold 4,299 shares of Figma stock. The stock was sold at an average price of $37.29, for a total value of $160,309.71.

Figma Stock Performance

Shares of Figma stock opened at $22.05 on Friday. The company has a market capitalization of $9.17 billion and a price-to-earnings ratio of -8.23. The company’s 50 day moving average price is $32.61. Figma, Inc. has a 12 month low of $19.85 and a 12 month high of $142.92.

Institutional Investors Weigh In On Figma

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

Analyst Upgrades and Downgrades

FIG has been the topic of several research reports. Morgan Stanley reduced their price target on shares of Figma from $65.00 to $48.00 and set an “equal weight” rating on the stock in a research report on Thursday, January 15th. Wells Fargo & Company raised shares of Figma from an “equal weight” rating to an “overweight” rating and set a $52.00 price objective for the company in a research note on Thursday, January 8th. Wall Street Zen upgraded shares of Figma from a “sell” rating to a “hold” rating in a report on Sunday, February 8th. JPMorgan Chase & Co. lowered their price target on shares of Figma from $65.00 to $60.00 and set a “neutral” rating for the company in a report on Thursday, November 6th. Finally, Barclays upgraded Figma to a “neutral” rating in a research report on Thursday, January 8th. Four equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Figma presently has a consensus rating of “Hold” and an average price target of $47.75.

About Figma

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.