Insider Selling: Figma (NYSE:FIG) Major Shareholder Sells $316,740.25 in Stock

Figma, Inc. (NYSE:FIG) major shareholder Ventures Vi (Jersey) Lp Index sold 12,475 shares of the company’s stock in a transaction that occurred on Monday, August 10th. The stock was sold at an average price of $25.39, for a total value of $316,740.25. Following the transaction, the insider directly owned 786,700 shares of the company’s stock, valued at approximately $19,974,313. The trade was a 1.56% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Major shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Figma Stock Performance

Figma stock traded down $1.21 during trading on Wednesday, reaching $23.66. The company had a trading volume of 14,005,565 shares, compared to its average volume of 18,366,352. The firm’s 50-day simple moving average is $21.68 and its 200 day simple moving average is $22.69. Figma, Inc. has a 1-year low of $16.60 and a 1-year high of $91.00. The firm has a market capitalization of $10.77 billion and a PE ratio of -6.50.

Figma (NYSE:FIG) last issued its quarterly earnings results on Wednesday, August 5th. The company reported $0.08 EPS for the quarter, topping the consensus estimate of ($0.22) by $0.30. The company had revenue of $370.08 million during the quarter. Figma had a negative net margin of 123.15% and a negative return on equity of 100.03%. Figma’s revenue was up 48.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.09 EPS. Analysts anticipate that Figma, Inc. will post -0.79 EPS for the current year.

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. Citigroup upped their price target on shares of Figma from $35.00 to $37.00 and gave the stock a “buy” rating in a research report on Friday, August 7th. Stifel Nicolaus set a $25.00 price objective on Figma in a report on Friday, May 15th. Bank of America started coverage on Figma in a research note on Tuesday, July 7th. They set a “buy” rating and a $30.00 price objective for the company. Oppenheimer restated a “market perform” rating on shares of Figma in a research report on Thursday, June 25th. Finally, Wells Fargo & Company lowered their price target on Figma from $42.00 to $36.00 and set an “overweight” rating on the stock in a research note on Friday, June 26th. Five research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $32.22.

Institutional Trading of Figma

Several large investors have recently bought and sold shares of FIG. Mirae Asset Global Investments Co. Ltd. increased its position in Figma by 69.3% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 285,055 shares of the company’s stock worth $10,653,000 after purchasing an additional 116,681 shares during the last quarter. Amova Asset Management Americas Inc. boosted its holdings in Figma by 641.4% in the 1st quarter. Amova Asset Management Americas Inc. now owns 1,467,887 shares of the company’s stock valued at $31,031,000 after purchasing an additional 1,269,900 shares during the last quarter. Freestone Capital Holdings LLC purchased a new stake in shares of Figma in the 4th quarter valued at approximately $10,297,000. Ieq Capital LLC grew its stake in shares of Figma by 1,670.9% in the 4th quarter. Ieq Capital LLC now owns 973,880 shares of the company’s stock valued at $36,394,000 after buying an additional 918,886 shares during the period. Finally, Brighton Jones LLC acquired a new stake in shares of Figma during the 4th quarter worth approximately $10,129,000.

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.