Figma (NYSE:FIG) General Counsel Sells $211,058.50 in Stock

Figma, Inc. (NYSE:FIG) General Counsel Brendan Mulligan sold 5,666 shares of the business’s stock in a transaction on Monday, January 5th. The shares were sold at an average price of $37.25, for a total transaction of $211,058.50. Following the transaction, the general counsel directly owned 869,053 shares of the company’s stock, valued at approximately $32,372,224.25. This trade represents a 0.65% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

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

• On Friday, January 2nd, Brendan Mulligan sold 6,793 shares of Figma stock. The stock was sold at an average price of $37.21, for a total transaction of $252,767.53.
• On Monday, December 15th, Brendan Mulligan sold 4,392 shares of Figma stock. The shares were sold at an average price of $34.65, for a total transaction of $152,182.80.
• On Wednesday, December 3rd, Brendan Mulligan sold 4,392 shares of Figma stock. The stock was sold at an average price of $36.68, for a total transaction of $161,098.56.
• On Monday, December 1st, Brendan Mulligan sold 9,343 shares of Figma stock. The shares were 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 stock was 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 shares were sold at an average price of $48.17, for a total value of $458,867.42.

Figma Stock Up 0.2%

Shares of FIG stock opened at $37.34 on Friday. Figma, Inc. has a 1 year low of $32.83 and a 1 year high of $142.92. The firm has a market cap of $15.53 billion and a price-to-earnings ratio of -13.93. The stock’s fifty day simple moving average is $38.82.

Figma (NYSE:FIG) last issued its quarterly earnings data on Wednesday, November 5th. The company reported $0.10 earnings per share for the quarter, beating analysts’ consensus estimates of ($1.56) by $1.66. The business had revenue of $274.17 million for the quarter. Figma had a negative net margin of 99.32% and a negative return on equity of 84.34%. Figma’s revenue for the quarter was up 38.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.04 earnings per share.

Institutional Investors Weigh In On Figma

Institutional investors and hedge funds have recently modified their holdings of the stock. SC US Ttgp LTD. acquired a new position in shares of Figma in the 3rd quarter worth $1,310,305,000. ICONIQ Capital LLC acquired a new position in shares of Figma in the 3rd quarter valued at $1,108,879,000. a16z Capital Management L.L.C. purchased a new position in Figma in the 3rd quarter worth about $842,687,000. Durable Capital Partners LP acquired a new stake in Figma during the 3rd quarter worth about $278,510,000. Finally, Thrive Capital Management LLC purchased a new stake in Figma during the third quarter valued at about $228,034,000.

Analyst Upgrades and Downgrades

FIG has been the subject of several recent analyst reports. Wells Fargo & Company upgraded shares of Figma from an “equal weight” rating to an “overweight” rating and set a $52.00 price objective for the company in a report on Thursday. JPMorgan Chase & Co. decreased their price target on Figma from $65.00 to $60.00 and set a “neutral” rating for the company in a research note on Thursday, November 6th. Royal Bank Of Canada dropped their price objective on Figma from $65.00 to $38.00 and set a “sector perform” rating on the stock in a research note on Monday. Weiss Ratings restated a “sell (e+)” rating on shares of Figma in a report on Monday, December 29th. Finally, Barclays raised Figma to a “neutral” rating in a report on Thursday. Four equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Figma currently has a consensus rating of “Hold” and a consensus target price of $56.63.

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.