Tyler Herb Sells 2,000 Shares of Figma (NYSE:FIG) Stock

Figma, Inc. (NYSE:FIG) CAO Tyler Herb sold 2,000 shares of the business’s stock in a transaction on Thursday, August 27th. The stock was sold at an average price of $30.00, for a total transaction of $60,000.00. Following the transaction, the chief accounting officer directly owned 252,640 shares in the company, valued at $7,579,200. This trade represents a 0.79% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Friday, August 21st, Tyler Herb sold 1,840 shares of Figma stock. The shares were sold at an average price of $27.14, for a total transaction of $49,937.60.
• On Tuesday, August 4th, Tyler Herb sold 709 shares of Figma stock. The stock was sold at an average price of $26.00, for a total transaction of $18,434.00.
• On Monday, August 3rd, Tyler Herb sold 1,536 shares of Figma stock. The stock was sold at an average price of $26.00, for a total transaction of $39,936.00.

Figma Stock Performance

Shares of FIG opened at $27.14 on Wednesday. The company has a 50-day simple moving average of $23.81 and a 200-day simple moving average of $22.86. The firm has a market capitalization of $12.35 billion and a P/E ratio of -7.46. Figma, Inc. has a 52 week low of $16.60 and a 52 week high of $71.48.

Figma (NYSE:FIG) last released its earnings results on Wednesday, August 5th. The company reported $0.08 earnings per share for the quarter, beating the consensus estimate of ($0.22) by $0.30. Figma had a negative net margin of 123.15% and a negative return on equity of 100.03%. The business had revenue of $370.08 million during the quarter. During the same quarter in the previous year, the business posted $0.09 EPS. The firm’s quarterly revenue was up 48.2% on a year-over-year basis. As a group, equities analysts forecast that Figma, Inc. will post -0.75 earnings per share for the current year.

Hedge Funds Weigh In On Figma

Several hedge funds and other institutional investors have recently modified their holdings of FIG. Gladstone Capital Management LLP grew its position in Figma by 2.9% in the fourth quarter. Gladstone Capital Management LLP now owns 17,081 shares of the company’s stock valued at $638,000 after acquiring an additional 481 shares during the period. NewEdge Advisors LLC bought a new position in shares of Figma during the third quarter valued at $26,000. Wilmington Savings Fund Society FSB bought a new position in shares of Figma during the third quarter valued at $27,000. Charles Schwab Investment Management Inc. boosted its stake in shares of Figma by 3.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 15,212 shares of the company’s stock valued at $568,000 after purchasing an additional 559 shares in the last quarter. Finally, Sunbelt Securities Inc. acquired a new stake in shares of Figma in the 3rd quarter valued at $30,000.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on FIG. Oppenheimer reissued a “market perform” rating on shares of Figma in a report on Thursday, June 25th. Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of Figma in a research report on Thursday, August 6th. Stifel Nicolaus set a $25.00 price target on shares of Figma in a research note on Friday, May 15th. Weiss Ratings upgraded shares of Figma from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Thursday, August 27th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Figma from $45.00 to $42.00 and set a “neutral” rating for the company in a research note on Friday, May 15th. Five analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Figma currently has an average rating of “Hold” and a consensus price target of $32.56.

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.