Figma (NYSE:FIG) CAO Tyler Herb Sells 669 Shares of Stock

Figma, Inc. (NYSE:FIG) CAO Tyler Herb sold 669 shares of the stock in a transaction dated Monday, May 18th. The shares were sold at an average price of $23.79, for a total transaction of $15,915.51. Following the completion of the transaction, the chief accounting officer owned 266,824 shares of the company’s stock, valued at $6,347,742.96. This represents a 0.25% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, 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, March 3rd, Tyler Herb sold 1,678 shares of Figma stock. The shares were sold at an average price of $28.47, for a total transaction of $47,772.66.
• On Thursday, February 26th, Tyler Herb sold 1,492 shares of Figma stock. The shares were sold at an average price of $32.00, for a total transaction of $47,744.00.
• On Thursday, February 19th, Tyler Herb sold 1,492 shares of Figma stock. The shares were sold at an average price of $26.00, for a total transaction of $38,792.00.

Figma Trading Down 3.1%

NYSE:FIG opened at $22.55 on Thursday. Figma, Inc. has a twelve month low of $16.60 and a twelve month high of $142.92. The company has a 50-day moving average of $21.17 and a 200-day moving average of $29.24. The firm has a market cap of $10.05 billion and a price-to-earnings ratio of -6.57.

Figma (NYSE:FIG) last posted 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. 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 for the quarter was up 46.1% on a year-over-year basis. On average, research analysts forecast that Figma, Inc. will post -0.69 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. Morgan Stanley decreased their target price on shares of Figma from $44.00 to $38.00 and set an “equal weight” rating for the company in a report on Friday, May 15th. JPMorgan Chase & Co. decreased their target price on shares of Figma from $45.00 to $42.00 and set a “neutral” rating for the company in a report on Friday, May 15th. Oppenheimer assumed coverage on shares of 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 report on Thursday, February 19th. Finally, Piper Sandler reiterated an “overweight” rating and issued a $30.00 target price (down from $35.00) on shares of Figma in a report on Friday, May 15th. Four research 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. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $38.63.

Hedge Funds Weigh In On Figma

Several hedge funds and other institutional investors have recently added to or reduced their stakes in FIG. SC US Ttgp LTD. bought a new position in Figma during the third quarter valued at approximately $1,310,305,000. ICONIQ Capital LLC bought a new position in Figma during the third quarter valued at approximately $1,108,879,000. a16z Capital Management L.L.C. bought a new position in Figma during the third quarter valued at approximately $842,687,000. Viking Global Investors LP bought a new position in Figma during the fourth quarter valued at approximately $214,967,000. Finally, Durable Capital Partners LP bought a new position in Figma during the third quarter valued at approximately $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.