Figma (NYSE:FIG) Director Lynn Vojvodich Radakovich Sells 15,124 Shares

Figma, Inc. (NYSE:FIG) Director Lynn Vojvodich Radakovich sold 15,124 shares of the firm’s stock in a transaction on Monday, December 15th. The shares were sold at an average price of $34.64, for a total transaction of $523,895.36. Following the completion of the transaction, the director directly owned 72,394 shares in the company, valued at approximately $2,507,728.16. This represents a 17.28% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Figma Price Performance

NYSE:FIG traded up $0.35 during mid-day trading on Thursday, hitting $37.71. The company had a trading volume of 660,076 shares, compared to its average volume of 10,187,739. The business has a fifty day simple moving average of $44.83. Figma, Inc. has a 1 year low of $32.83 and a 1 year high of $142.92.

Figma (NYSE:FIG) last issued its earnings results on Wednesday, November 5th. The company reported $0.10 earnings per share for the quarter, topping the consensus estimate of ($1.56) by $1.66. The company had revenue of $274.17 million during the quarter. Figma’s revenue for the quarter was up 38.0% on a year-over-year basis. During the same period last year, the firm earned $0.04 earnings per share.

Hedge Funds Weigh In On Figma

Large investors have recently modified their holdings of the stock. Voya Investment Management LLC bought a new stake in Figma in the third quarter valued at about $3,412,000. VERITY Wealth Advisors acquired a new position in shares of Figma in the 3rd quarter worth approximately $519,000. Tripletail Wealth Management LLC bought a new stake in shares of Figma in the 3rd quarter valued at approximately $53,000. Renaissance Capital LLC acquired a new stake in shares of Figma during the 3rd quarter valued at approximately $2,439,000. Finally, SOA Wealth Advisors LLC. acquired a new stake in shares of Figma during the 3rd quarter valued at approximately $39,000.

Analysts Set New Price Targets

A number of research firms have recently issued reports on FIG. Wells Fargo & Company dropped their price objective on shares of Figma from $70.00 to $52.00 and set an “equal weight” rating on the stock in a research note on Wednesday, November 5th. Wolfe Research started coverage on shares of Figma in a report on Monday, August 25th. They issued a “peer perform” rating on the stock. The Goldman Sachs Group upped their price objective on shares of Figma from $49.00 to $54.00 and gave the company a “neutral” rating in a research report on Friday, November 7th. Royal Bank Of Canada cut their price target on Figma from $75.00 to $65.00 and set a “sector perform” rating on the stock in a research note on Thursday, September 4th. Finally, Piper Sandler lowered their price objective on Figma from $85.00 to $70.00 and set an “overweight” rating for the company in a research note on Thursday, November 6th. Three analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Figma currently has a consensus rating of “Hold” and a consensus target price of $62.86.

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.