Figma (NYSE:FIG) CTO Sells $1,540,770.00 in Stock

Figma, Inc. (NYSE:FIG) CTO Kris Rasmussen sold 51,359 shares of the business’s stock in a transaction on Wednesday, February 25th. The stock was sold at an average price of $30.00, for a total value of $1,540,770.00. Following the completion of the transaction, the chief technology officer directly owned 10,367,546 shares of the company’s stock, valued at approximately $311,026,380. This trade represents a 0.49% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Kris Rasmussen also recently made the following trade(s):

• On Tuesday, February 10th, Kris Rasmussen sold 205,438 shares of Figma stock. The stock was sold at an average price of $25.01, for a total value of $5,138,004.38.
• On Monday, February 2nd, Kris Rasmussen sold 74,305 shares of Figma stock. The shares were sold at an average price of $24.86, for a total transaction of $1,847,222.30.
• On Monday, January 5th, Kris Rasmussen sold 181,345 shares of Figma stock. The stock was sold at an average price of $37.25, for a total transaction of $6,755,101.25.
• On Friday, January 2nd, Kris Rasmussen sold 14,252 shares of Figma stock. The stock was sold at an average price of $37.21, for a total transaction of $530,316.92.
• On Wednesday, December 3rd, Kris Rasmussen sold 177,387 shares of Figma stock. The shares were sold at an average price of $36.71, for a total transaction of $6,511,876.77.
• On Monday, December 1st, Kris Rasmussen sold 18,211 shares of Figma stock. The shares were sold at an average price of $35.45, for a total transaction of $645,579.95.

Figma Price Performance

FIG stock traded down $0.83 during midday trading on Friday, hitting $29.39. The stock had a trading volume of 13,048,663 shares, compared to its average volume of 15,359,438. The company’s 50-day moving average price is $30.29 and its 200 day moving average price is $45.19. The firm has a market cap of $12.96 billion and a PE ratio of -9.42. Figma, Inc. has a 12-month low of $19.85 and a 12-month high of $142.92.

Figma (NYSE:FIG) last posted its quarterly earnings data on Wednesday, February 18th. The company reported $0.08 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.20) by $0.28. The business 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 business’s revenue for the quarter was up 40.1% compared to the same quarter last year.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on FIG shares. Stifel Nicolaus decreased their target price on shares of Figma from $40.00 to $30.00 and set a “hold” rating on the stock in a research report on Thursday, February 19th. The Goldman Sachs Group set a $35.00 price target on shares of Figma in a research note on Thursday, February 19th. Wall Street Zen raised shares of Figma from a “sell” rating to a “hold” rating in a research note on Sunday, February 8th. Weiss Ratings restated a “sell (e+)” rating on shares of Figma in a report on Monday, December 29th. Finally, JPMorgan Chase & Co. reduced their target price on Figma from $65.00 to $60.00 and set a “neutral” rating on the stock in a report on Thursday, November 6th. Four investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Figma presently has a consensus rating of “Hold” and an average target price of $43.25.

Hedge Funds Weigh In On Figma

A number of institutional investors and hedge funds have recently bought and sold shares of FIG. Alphabet Inc. acquired a new position in shares of Figma during the third quarter worth $11,182,000. Rit Capital Partners PLC acquired a new stake in Figma during the 3rd quarter valued at $2,592,000. Sumitomo Mitsui Trust Group Inc. purchased a new stake in Figma during the 3rd quarter worth $11,075,000. Rakuten Investment Management Inc. acquired a new position in Figma in the 3rd quarter worth $4,425,000. Finally, Warm Springs Advisors Inc. purchased a new position in Figma in the 3rd quarter valued at about $2,075,000.

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.