Figma (NYSE:FIG) CAO Sells $49,937.60 in Stock

Figma, Inc. (NYSE:FIG) CAO Tyler Herb sold 1,840 shares of the business’s stock in a transaction that occurred on Friday, August 21st. The stock was sold at an average price of $27.14, for a total transaction of $49,937.60. Following the sale, the chief accounting officer directly owned 254,640 shares in the company, valued at approximately $6,910,929.60. This represents a 0.72% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through 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, August 4th, Tyler Herb sold 709 shares of Figma stock. The stock was sold at an average price of $26.00, for a total transaction of $18,434.00.
• On Monday, August 3rd, Tyler Herb sold 1,536 shares of Figma stock. The stock was sold at an average price of $26.00, for a total transaction of $39,936.00.
• On Monday, June 1st, Tyler Herb sold 1,850 shares of Figma stock. The shares were sold at an average price of $26.40, for a total transaction of $48,840.00.

Figma Price Performance

NYSE FIG opened at $30.64 on Friday. The company has a market cap of $13.94 billion and a price-to-earnings ratio of -8.42. The stock’s fifty day moving average price is $23.27 and its 200 day moving average price is $22.76. Figma, Inc. has a 1 year low of $16.60 and a 1 year high of $72.11.

Figma (NYSE:FIG) last issued its quarterly earnings results on Wednesday, August 5th. The company reported $0.08 EPS for the quarter, topping analysts’ consensus estimates of ($0.22) by $0.30. The company had revenue of $370.08 million during the quarter. Figma had a negative return on equity of 100.03% and a negative net margin of 123.15%.The business’s revenue was up 48.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.09 EPS. Research analysts expect that Figma, Inc. will post -0.75 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. Piper Sandler reaffirmed an “overweight” rating and set a $30.00 target price on shares of Figma in a report on Thursday, June 25th. Stifel Nicolaus set a $25.00 price objective on shares of Figma in a research note on Friday, May 15th. Oppenheimer reissued a “market perform” rating on shares of Figma in a report on Thursday, June 25th. Weiss Ratings restated a “sell (e+)” rating on shares of Figma in a research report on Friday, August 14th. Finally, Morgan Stanley set a $33.00 price target on shares of Figma in a report on Thursday, August 6th. Five investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Figma has a consensus rating of “Hold” and a consensus price target of $32.56.

Institutional Investors Weigh In On Figma

Several hedge funds have recently bought and sold shares of FIG. Vanguard Group Inc. acquired a new position in shares of Figma in the 3rd quarter valued at $2,282,000. US Bancorp DE acquired a new stake in Figma during the third quarter valued at $31,000. Blair William & Co. IL acquired a new stake in Figma during the third quarter valued at $460,000. Banque Cantonale Vaudoise purchased a new position in Figma in the third quarter valued at $271,000. Finally, Franklin Resources Inc. purchased a new position in Figma in the third quarter valued at $9,084,000.

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.