Figma (NYSE:FIG) CAO Tyler Herb Sells 1,416 Shares of Stock

Figma, Inc. (NYSE:FIG) CAO Tyler Herb sold 1,416 shares of the company’s stock in a transaction on Thursday, September 3rd. The shares were sold at an average price of $26.29, for a total transaction of $37,226.64. Following the completion of the transaction, the chief accounting officer owned 249,386 shares of the company’s stock, valued at $6,556,357.94. This represents a 0.56% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Thursday, August 27th, Tyler Herb sold 2,000 shares of Figma stock. The shares were sold at an average price of $30.00, for a total transaction of $60,000.00.
• On Friday, August 21st, Tyler Herb sold 1,840 shares of Figma stock. The shares were sold at an average price of $27.14, for a total transaction of $49,937.60.
• 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 value of $39,936.00.

Figma Stock Down 6.0%

Shares of FIG stock opened at $22.68 on Wednesday. The stock has a market capitalization of $10.32 billion and a PE ratio of -6.23. Figma, Inc. has a 52-week low of $16.60 and a 52-week high of $71.48. The stock’s 50-day moving average price is $24.42 and its 200 day moving average price is $22.91.

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

Analyst Ratings Changes

FIG has been the topic of a number of analyst reports. Weiss Ratings upgraded shares of Figma from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Thursday, August 27th. Stifel Nicolaus set a $25.00 target price on shares of Figma in a report on Friday, May 15th. Bank of America boosted their price target on shares of Figma from $30.00 to $33.00 and gave the stock a “buy” rating in a research note on Wednesday, August 19th. Royal Bank Of Canada restated a “sector perform” rating on shares of Figma in a research report on Thursday, August 6th. Finally, Piper Sandler reiterated an “overweight” rating and set a $30.00 target price on shares of Figma in a research report on Thursday, June 25th. Four equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $32.56.

Institutional Investors Weigh In On Figma

Institutional investors have recently modified their holdings of the company. Greylock XIV GP LLC purchased a new position in Figma in the 2nd quarter valued at approximately $1,056,824,403. SC US Ttgp LTD. raised its holdings 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 purchasing an additional 1,466,851 shares during the last quarter. a16z Capital Management L.L.C. purchased a new stake in Figma during the third quarter worth $842,687,000. JPMorgan Chase & Co. boosted 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 purchasing an additional 3,615,198 shares in the last quarter. Finally, Viking Global Investors LP acquired a new stake in Figma in the fourth quarter valued at $214,967,000.

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.