Figma (NYSE:FIG) CRO Shaunt Voskanian Sells 8,554 Shares

Figma, Inc. (NYSE:FIG) CRO Shaunt Voskanian sold 8,554 shares of the business’s stock in a transaction on Wednesday, February 25th. The stock was sold at an average price of $30.00, for a total value of $256,620.00. Following the sale, the executive owned 1,580,181 shares in the company, valued at $47,405,430. This represents a 0.54% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

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

• On Monday, February 2nd, Shaunt Voskanian sold 3,828 shares of Figma stock. The shares were sold at an average price of $24.86, for a total transaction of $95,164.08.
• On Monday, January 5th, Shaunt Voskanian sold 8,449 shares of Figma stock. The shares were sold at an average price of $37.24, for a total value of $314,640.76.
• On Friday, January 2nd, Shaunt Voskanian sold 3,933 shares of Figma stock. The stock was sold at an average price of $37.21, for a total value of $146,346.93.
• On Wednesday, December 3rd, Shaunt Voskanian sold 6,305 shares of Figma stock. The shares were sold at an average price of $36.68, for a total value of $231,267.40.
• On Monday, December 1st, Shaunt Voskanian sold 6,076 shares of Figma stock. The stock was sold at an average price of $35.45, for a total value of $215,394.20.

Figma Trading Down 2.7%

FIG stock traded down $0.83 during trading on Friday, hitting $29.39. The company had a trading volume of 13,048,663 shares, compared to its average volume of 15,359,438. The stock has a market cap of $12.96 billion and a PE ratio of -9.42. The business has a 50-day moving average of $30.29 and a 200-day moving average of $45.19. Figma, Inc. has a one year low of $19.85 and a one year high of $142.92.

Figma (NYSE:FIG) last released its quarterly earnings results on Wednesday, February 18th. The company reported $0.08 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.20) by $0.28. Figma had a negative net margin of 121.87% and a negative return on equity of 97.03%. The firm had revenue of $303.78 million during the quarter. The business’s revenue for the quarter was up 40.1% on a year-over-year basis.

Hedge Funds Weigh In On Figma

A number of hedge funds have recently bought and sold shares of FIG. Alphabet Inc. purchased a new stake in shares of Figma in the third quarter valued at about $11,182,000. Rit Capital Partners PLC bought a new stake in Figma in the 3rd quarter worth about $2,592,000. Sumitomo Mitsui Trust Group Inc. bought a new stake in Figma in the 3rd quarter worth about $11,075,000. Rakuten Investment Management Inc. purchased a new stake in Figma in the 3rd quarter valued at about $4,425,000. Finally, Warm Springs Advisors Inc. bought a new position in shares of Figma during the 3rd quarter worth approximately $2,075,000.

Analyst Ratings Changes

A number of analysts have weighed in on the company. Royal Bank Of Canada decreased their price target on Figma from $38.00 to $31.00 and set a “sector perform” rating for the company in a report on Thursday, February 19th. Wells Fargo & Company lowered their target price on Figma from $52.00 to $42.00 and set an “overweight” rating for the company in a report on Thursday, February 19th. JPMorgan Chase & Co. dropped their price target on Figma from $65.00 to $60.00 and set a “neutral” rating on the stock in a research note on Thursday, November 6th. The Goldman Sachs Group set a $35.00 price objective on shares of Figma in a research note on Thursday, February 19th. Finally, Piper Sandler reiterated an “overweight” rating and set a $35.00 target price on shares of Figma in a research report on Thursday, February 19th. Four analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $43.25.

About Figma

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.