Figma (NYSE:FIG) CRO Shaunt Voskanian Sells 6,076 Shares of Stock

Figma, Inc. (NYSE:FIG) CRO Shaunt Voskanian sold 6,076 shares of the stock in a transaction dated Monday, December 1st. The stock was sold at an average price of $35.45, for a total transaction of $215,394.20. Following the sale, the executive directly owned 1,611,250 shares in the company, valued at $57,118,812.50. This represents a 0.38% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link.

Shaunt Voskanian also recently made the following trade(s):

• On Monday, November 10th, Shaunt Voskanian sold 403,335 shares of Figma stock. The shares were sold at an average price of $43.39, for a total value of $17,500,705.65.
• On Monday, November 3rd, Shaunt Voskanian sold 26,741 shares of Figma stock. The stock was sold at an average price of $48.17, for a total value of $1,288,113.97.

Figma Stock Up 3.5%

Shares of Figma stock opened at $37.45 on Thursday. Figma, Inc. has a 12-month low of $32.83 and a 12-month high of $142.92. The firm has a fifty day moving average of $48.47.

Figma (NYSE:FIG) last issued its quarterly earnings data on Wednesday, November 5th. The company reported $0.10 earnings per share (EPS) for the quarter, topping the consensus estimate of ($1.56) by $1.66. The business had revenue of $274.17 million for the quarter. The business’s revenue was up 38.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.04 earnings per share.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. JPMorgan Chase & Co. dropped their price target 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 reissued a “sell (e+)” rating on shares of Figma in a research report on Monday. The Goldman Sachs Group lifted their price objective on Figma from $49.00 to $54.00 and gave the company a “neutral” rating in a research note on Friday, November 7th. Zacks Research raised shares of Figma to a “hold” rating in a research report on Thursday, August 21st. Finally, Wolfe Research initiated coverage on shares of Figma in a research note on Monday, August 25th. They set a “peer perform” rating on the stock. Three equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $62.86.

Hedge Funds Weigh In On Figma

Several hedge funds have recently made changes to their positions in the business. Whittier Trust Co. of Nevada Inc. acquired a new stake in shares of Figma during the third quarter worth $26,000. NewEdge Advisors LLC acquired a new stake in shares of Figma during the 3rd quarter valued at $26,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of Figma during the 3rd quarter valued at about $27,000. Sunbelt Securities Inc. acquired a new stake in Figma in the third quarter valued at approximately $30,000. Finally, US Bancorp DE bought a new stake in Figma in the third quarter worth $31,000.

About Figma

Figma is where teams come together to turn ideas into the world’s best digital products and experiences. Every day, billions of people around the world use apps, websites, and other digital experiences that are made in Figma. They’re looking up directions on Google Maps; requesting rides with Uber; checking in for flights on JetBlue; streaming shows on Netflix; learning languages with Duolingo; asking questions of Claude; connecting on LinkedIn; buying goods on Mercado Libre; or booking stays and experiences with Airbnb.