Insider Selling: Figma (NYSE:FIG) CAO Sells $47,744.00 in Stock

Figma, Inc. (NYSE:FIG) CAO Tyler Herb sold 1,492 shares of Figma stock in a transaction dated Thursday, February 26th. The stock was sold at an average price of $32.00, for a total value of $47,744.00. Following the completion of the transaction, the chief accounting officer owned 192,942 shares in the company, valued at approximately $6,174,144. This represents a 0.77% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link.

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

• 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 value of $38,792.00.
• On Monday, February 2nd, Tyler Herb sold 2,232 shares of Figma stock. The stock was sold at an average price of $24.86, for a total value of $55,487.52.
• On Monday, January 5th, Tyler Herb sold 2,840 shares of Figma stock. The stock was sold at an average price of $37.15, for a total value of $105,506.00.
• On Friday, January 2nd, Tyler Herb sold 2,408 shares of Figma stock. The shares were sold at an average price of $37.21, for a total value of $89,601.68.
• On Wednesday, December 3rd, Tyler Herb sold 2,310 shares of Figma stock. The stock was sold at an average price of $36.60, for a total transaction of $84,546.00.

Figma Stock Down 3.7%

Shares of NYSE FIG opened at $29.59 on Thursday. The company has a market cap of $13.05 billion and a price-to-earnings ratio of -9.48. The firm’s fifty day moving average is $29.56 and its 200 day moving average is $43.49. Figma, Inc. has a 52 week low of $19.85 and a 52 week high of $142.92.

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

Hedge Funds Weigh In On Figma

A number of institutional investors have recently added to or reduced their stakes in FIG. SC US Ttgp LTD. purchased a new stake in shares of Figma in the 3rd quarter worth about $1,310,305,000. ICONIQ Capital LLC bought a new stake in Figma during the third quarter worth about $1,108,879,000. a16z Capital Management L.L.C. purchased a new stake in Figma in the third quarter worth about $842,687,000. JPMorgan Chase & Co. increased its stake in shares of Figma by 119.4% during the fourth quarter. JPMorgan Chase & Co. now owns 6,643,939 shares of the company’s stock valued at $248,284,000 after purchasing an additional 3,615,198 shares in the last quarter. Finally, Baillie Gifford & Co. increased its stake in shares of Figma by 93.8% during the fourth quarter. Baillie Gifford & Co. now owns 5,763,613 shares of the company’s stock valued at $215,386,000 after purchasing an additional 2,789,986 shares in the last quarter.

Wall Street Analyst Weigh In

A number of research firms have commented on FIG. Piper Sandler reaffirmed an “overweight” rating and set a $35.00 price target on shares of Figma in a research report on Thursday, February 19th. JPMorgan Chase & Co. decreased their target price on Figma from $65.00 to $60.00 and set a “neutral” rating for the company in a report on Thursday, November 6th. Wells Fargo & Company dropped their price target on Figma from $52.00 to $42.00 and set an “overweight” rating for the company in a research note on Thursday, February 19th. The Goldman Sachs Group set a $35.00 price objective on shares of Figma in a research report on Thursday, February 19th. Finally, Morgan Stanley set a $44.00 price objective on shares of Figma in a report on Thursday, February 19th. Four investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $43.25.

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.