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

Figma, Inc. (NYSE:FIG) General Counsel Brendan Mulligan sold 5,227 shares of the stock in a transaction on Thursday, February 19th. The stock was sold at an average price of $26.00, for a total value of $135,902.00. Following the sale, the general counsel directly owned 845,262 shares of the company’s stock, valued at approximately $21,976,812. This represents a 0.61% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

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

• On Tuesday, February 10th, Brendan Mulligan sold 5,227 shares of Figma stock. The shares were sold at an average price of $25.00, for a total transaction of $130,675.00.
• On Monday, February 2nd, Brendan Mulligan sold 7,671 shares of Figma stock. The stock was 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 stock was 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 stock was 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 shares were 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 value of $161,098.56.
• 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 value of $331,209.35.

Figma Trading Down 5.3%

Shares of FIG traded down $1.39 during mid-day trading on Monday, hitting $24.70. The company’s stock had a trading volume of 26,475,232 shares, compared to its average volume of 14,521,347. Figma, Inc. has a 1-year low of $19.85 and a 1-year high of $142.92. The firm has a market capitalization of $10.90 billion and a P/E ratio of -7.92. The firm has a 50-day simple moving average of $30.93 and a 200 day simple moving average of $46.13.

Figma (NYSE:FIG) last announced its quarterly earnings data on Wednesday, February 18th. The company reported $0.08 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.20) by $0.28. The firm had revenue of $303.78 million for the quarter. Figma had a negative return on equity of 97.03% and a negative net margin of 121.87%.The firm’s revenue was up 40.1% compared to the same quarter last year.

Institutional Investors Weigh In On Figma

A number of large investors have recently bought and sold shares of the stock. Alphabet Inc. purchased a new position in Figma in the 3rd quarter valued at about $11,182,000. Rit Capital Partners PLC purchased a new stake in shares of Figma during the third quarter worth about $2,592,000. Sumitomo Mitsui Trust Group Inc. acquired a new position in shares of Figma in the third quarter valued at approximately $11,075,000. Rakuten Investment Management Inc. purchased a new position in shares of Figma during the third quarter valued at approximately $4,425,000. Finally, Baillie Gifford & Co. acquired a new stake in Figma during the third quarter worth approximately $154,242,000.

Analysts Set New Price Targets

Several analysts recently commented on FIG shares. Wall Street Zen upgraded shares of Figma from a “sell” rating to a “hold” rating in a research note on Sunday, February 8th. Piper Sandler reaffirmed an “overweight” rating and issued a $35.00 target price on shares of Figma in a report on Thursday. JPMorgan Chase & Co. reduced their price target 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. The Goldman Sachs Group set a $35.00 price target on Figma in a research note on Thursday. Finally, Morgan Stanley set a $44.00 price objective on Figma in a research note on Thursday. Four equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Figma presently has a consensus rating of “Hold” and an average price target of $43.25.

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.