Figma (NYSE:FIG) CRO Shaunt Voskanian Sells 87,510 Shares

Figma, Inc. (NYSE:FIG) CRO Shaunt Voskanian sold 87,510 shares of the firm’s stock in a transaction on Wednesday, June 3rd. The stock was sold at an average price of $23.01, for a total transaction of $2,013,605.10. Following the completion of the sale, the executive owned 1,781,380 shares of the company’s stock, valued at $40,989,553.80. This trade represents a 4.68% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Figma Stock Performance

FIG stock opened at $21.73 on Friday. Figma, Inc. has a one year low of $16.60 and a one year high of $142.92. The stock has a market capitalization of $9.68 billion and a PE ratio of -6.33. The company has a fifty day moving average of $20.69 and a 200-day moving average of $27.55.

Figma (NYSE:FIG) last released its earnings results on Thursday, May 14th. The company reported $0.10 EPS for the quarter, topping the consensus estimate of ($0.17) by $0.27. Figma had a negative net margin of 123.83% and a negative return on equity of 98.51%. The company had revenue of $333.44 million during the quarter. The business’s revenue was up 46.1% on a year-over-year basis. Equities analysts forecast that Figma, Inc. will post -0.78 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. Wells Fargo & Company reduced their target price on shares of Figma from $52.00 to $42.00 and set an “overweight” rating for the company in a research note on Thursday, February 19th. Stifel Nicolaus set a $25.00 target price on shares of Figma in a research note on Friday, May 15th. The Goldman Sachs Group set a $35.00 target price on shares of Figma in a research note on Thursday, February 19th. Wall Street Zen upgraded shares of Figma from a “sell” rating to a “hold” rating in a research note on Sunday, February 8th. Finally, Piper Sandler restated an “overweight” rating and issued a $30.00 target price (down from $35.00) on shares of Figma 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 assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Figma currently has an average rating of “Hold” and an average price target of $38.63.

Hedge Funds Weigh In On Figma

A number of large investors have recently made changes to their positions in FIG. SC US Ttgp LTD. purchased a new position in shares of Figma in the 3rd quarter valued at about $1,310,305,000. ICONIQ Capital LLC purchased a new position in shares of Figma in the 3rd quarter valued at about $1,108,879,000. a16z Capital Management L.L.C. purchased a new position in shares of Figma in the 3rd quarter valued at about $842,687,000. Viking Global Investors LP purchased a new position in shares of Figma in the 4th quarter valued at about $214,967,000. Finally, Durable Capital Partners LP purchased a new position in shares of Figma in the 3rd 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.