Brendan Mulligan Sells 5,227 Shares of Figma (NYSE:FIG) Stock

Figma, Inc. (NYSE:FIG) General Counsel Brendan Mulligan sold 5,227 shares of the firm’s stock in a transaction dated Tuesday, February 10th. The stock was sold at an average price of $25.00, for a total transaction of $130,675.00. Following the completion of the sale, the general counsel owned 850,489 shares of the company’s stock, valued at $21,262,225. This trade represents a 0.61% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

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

• 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 shares were sold at an average price of $32.02, for a total value of $181,425.32.
• On Monday, January 5th, Brendan Mulligan sold 5,666 shares of Figma stock. The shares were sold at an average price of $37.25, for a total value 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 value of $252,767.53.
• On Monday, December 15th, Brendan Mulligan sold 4,392 shares of Figma stock. The stock was sold at an average price of $34.65, for a total value 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 shares were sold at an average price of $35.45, for a total value of $331,209.35.
• On Monday, November 17th, Brendan Mulligan sold 4,299 shares of Figma stock. The stock was sold at an average price of $37.29, for a total value of $160,309.71.

Figma Trading Up 2.1%

NYSE:FIG opened at $22.49 on Friday. The company has a market cap of $9.35 billion and a price-to-earnings ratio of -8.39. Figma, Inc. has a twelve month low of $19.85 and a twelve month high of $142.92. The stock has a fifty day simple moving average of $32.30 and a 200-day simple moving average of $48.29.

Institutional Investors Weigh In On Figma

A number of institutional investors have recently added to or reduced their stakes in FIG. Whittier Trust Co. of Nevada Inc. bought a new position in Figma in the third quarter worth about $26,000. NewEdge Advisors LLC purchased a new position in shares of Figma in the 3rd quarter worth approximately $26,000. Wilmington Savings Fund Society FSB purchased a new position in shares of Figma in the 3rd quarter worth approximately $27,000. Charles Schwab Investment Management Inc. raised its stake in shares of Figma by 3.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 15,212 shares of the company’s stock worth $568,000 after acquiring an additional 559 shares in the last quarter. Finally, Sunbelt Securities Inc. purchased a new stake in Figma during the third quarter valued at approximately $30,000.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. Wall Street Zen raised shares of Figma from a “sell” rating to a “hold” rating in a research note on Sunday, February 8th. Piper Sandler reduced their price objective on Figma from $70.00 to $35.00 and set an “overweight” rating on the stock in a report on Monday, February 2nd. JPMorgan Chase & Co. decreased their target price on Figma from $65.00 to $60.00 and set a “neutral” rating for the company in a research report on Thursday, November 6th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Figma in a report on Monday, December 29th. Finally, Barclays upgraded Figma to a “neutral” rating in a research note on Thursday, January 8th. Four research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Figma currently has an average rating of “Hold” and an average price target of $47.75.

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.