Figma (NYSE:FIG) CAO Sells $15,915.51 in Stock

Figma, Inc. (NYSE:FIG) CAO Tyler Herb sold 669 shares of the stock in a transaction dated Monday, May 18th. The stock was sold at an average price of $23.79, for a total value of $15,915.51. Following the transaction, the chief accounting officer owned 266,824 shares of the company’s stock, valued at approximately $6,347,742.96. This trade represents a 0.25% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Tuesday, March 3rd, Tyler Herb sold 1,678 shares of Figma stock. The stock was sold at an average price of $28.47, for a total value of $47,772.66.
• On Thursday, February 26th, Tyler Herb sold 1,492 shares of Figma stock. The stock was sold at an average price of $32.00, for a total value of $47,744.00.
• On Thursday, February 19th, Tyler Herb sold 1,492 shares of Figma stock. The stock was sold at an average price of $26.00, for a total value of $38,792.00.

Figma Trading Down 3.1%

Shares of NYSE FIG traded down $0.72 during mid-day trading on Wednesday, hitting $22.55. The company had a trading volume of 17,477,996 shares, compared to its average volume of 16,328,379. The company has a market capitalization of $10.05 billion and a PE ratio of -6.57. The firm has a 50-day simple moving average of $21.33 and a two-hundred day simple moving average of $29.43. Figma, Inc. has a one year low of $16.60 and a one year high of $142.92.

Figma (NYSE:FIG) last announced its quarterly earnings data on Thursday, May 14th. The company reported $0.10 earnings per share for the quarter, beating the consensus estimate of ($0.17) by $0.27. The company had revenue of $333.44 million during the quarter. Figma had a negative return on equity of 98.51% and a negative net margin of 123.83%.The business’s revenue for the quarter was up 46.1% on a year-over-year basis. Sell-side analysts expect that Figma, Inc. will post -0.69 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. Oppenheimer started coverage on Figma in a report on Wednesday, March 25th. They issued a “market perform” rating for the company. The Goldman Sachs Group set a $35.00 target price on shares of Figma in a research note on Thursday, February 19th. BTIG Research started coverage on shares of Figma in a research note on Monday, April 13th. They issued a “neutral” rating for the company. Wall Street Zen upgraded shares of Figma from a “sell” rating to a “hold” rating in a research note on Sunday, February 8th. Finally, Royal Bank Of Canada cut their target price on shares of Figma from $31.00 to $28.00 and set a “sector perform” rating for the company in a research note on Friday, May 15th. Four investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $38.63.

Institutional Investors Weigh In On Figma

Several hedge funds have recently bought and sold shares of the stock. SC US Ttgp LTD. lifted its position in Figma by 5.8% during the first quarter. SC US Ttgp LTD. now owns 26,728,171 shares of the company’s stock worth $565,034,000 after acquiring an additional 1,466,851 shares during the last quarter. ICONIQ Capital LLC acquired a new stake in Figma during the third quarter worth approximately $1,108,879,000. a16z Capital Management L.L.C. acquired a new stake in Figma during the third quarter worth approximately $842,687,000. JPMorgan Chase & Co. lifted its position in Figma by 119.4% during the fourth quarter. JPMorgan Chase & Co. now owns 6,643,939 shares of the company’s stock worth $248,284,000 after acquiring an additional 3,615,198 shares during the last quarter. Finally, Baillie Gifford & Co. lifted its position in Figma by 93.8% during the fourth quarter. Baillie Gifford & Co. now owns 5,763,613 shares of the company’s stock worth $215,386,000 after acquiring an additional 2,789,986 shares during the last quarter.

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.