Insider Selling: Figma (NYSE:FIG) General Counsel Sells $161,098.56 in Stock

Figma, Inc. (NYSE:FIG) General Counsel Brendan Mulligan sold 4,392 shares of the company’s stock in a transaction dated Wednesday, December 3rd. The stock was sold at an average price of $36.68, for a total transaction of $161,098.56. Following the completion of the sale, the general counsel directly owned 885,904 shares of the company’s stock, valued at $32,494,958.72. The trade was a 0.49% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Brendan Mulligan also recently made the following trade(s):

• On Monday, December 1st, Brendan Mulligan sold 9,343 shares of Figma stock. The stock was sold at an average price of $35.45, for a total transaction of $331,209.35.
• On Monday, November 17th, Brendan Mulligan sold 4,299 shares of Figma stock. The stock was sold at an average price of $37.29, for a total value of $160,309.71.
• On Wednesday, November 12th, Brendan Mulligan sold 10,000 shares of Figma stock. The shares were sold at an average price of $45.00, for a total value of $450,000.00.
• On Monday, November 10th, Brendan Mulligan sold 80,934 shares of Figma stock. The shares were sold at an average price of $43.47, for a total value of $3,518,200.98.
• On Monday, November 3rd, Brendan Mulligan sold 9,526 shares of Figma stock. The stock was sold at an average price of $48.17, for a total value of $458,867.42.

Figma Stock Performance

FIG stock opened at $37.96 on Monday. The stock has a fifty day simple moving average of $47.86. Figma, Inc. has a 1-year low of $32.83 and a 1-year high of $142.92.

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

Wall Street Analysts Forecast Growth

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

Institutional Trading of Figma

A number of institutional investors have recently modified their holdings of the business. Whittier Trust Co. of Nevada Inc. bought a new stake in Figma during the 3rd quarter valued at $26,000. PFG Investments LLC bought a new position in shares of Figma in the third quarter worth $711,000. TrueMark Investments LLC purchased a new position in shares of Figma in the third quarter valued at $877,000. Baillie Gifford & Co. purchased a new position in shares of Figma in the third quarter valued at $154,242,000. Finally, Sumitomo Mitsui Trust Group Inc. bought a new stake in shares of Figma during the 3rd quarter valued at $11,075,000.

Figma Company Profile

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.