Figma (NYSE:FIG) CRO Sells $95,164.08 in Stock

Figma, Inc. (NYSE:FIG) CRO Shaunt Voskanian sold 3,828 shares of the firm’s stock in a transaction that occurred on Monday, February 2nd. The stock was sold at an average price of $24.86, for a total transaction of $95,164.08. Following the transaction, the executive directly owned 1,588,735 shares of the company’s stock, valued at $39,495,952.10. This represents a 0.24% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Shaunt Voskanian also recently made the following trade(s):

• On Monday, January 5th, Shaunt Voskanian sold 8,449 shares of Figma stock. The stock was sold at an average price of $37.24, for a total transaction of $314,640.76.
• On Friday, January 2nd, Shaunt Voskanian sold 3,933 shares of Figma stock. The stock was sold at an average price of $37.21, for a total transaction of $146,346.93.
• On Wednesday, December 3rd, Shaunt Voskanian sold 6,305 shares of Figma stock. The shares were sold at an average price of $36.68, for a total transaction of $231,267.40.
• On Monday, December 1st, Shaunt Voskanian sold 6,076 shares of Figma stock. The stock was sold at an average price of $35.45, for a total transaction of $215,394.20.
• On Monday, November 10th, Shaunt Voskanian sold 403,335 shares of Figma stock. The stock was sold at an average price of $43.39, for a total transaction of $17,500,705.65.

Figma Price Performance

Shares of NYSE FIG opened at $21.91 on Friday. The firm has a 50-day moving average of $33.76. The company has a market cap of $9.11 billion and a PE ratio of -8.18. Figma, Inc. has a fifty-two week low of $19.85 and a fifty-two week high of $142.92.

Figma (NYSE:FIG) last issued its quarterly earnings results on Wednesday, November 5th. The company reported $0.10 EPS for the quarter, beating the consensus estimate of ($1.56) by $1.66. The firm had revenue of $274.17 million during the quarter. Figma had a negative return on equity of 84.34% and a negative net margin of 99.32%.The business’s revenue for the quarter was up 38.0% on a year-over-year basis. During the same period last year, the company posted $0.04 earnings per share.

Analysts Set New Price Targets

Several research firms have recently commented on FIG. Stifel Nicolaus assumed coverage on Figma in a report on Wednesday, January 7th. They issued a “hold” rating and a $40.00 price objective for the company. Morgan Stanley cut their price target on shares of Figma from $65.00 to $48.00 and set an “equal weight” rating for the company in a research note on Thursday, January 15th. Wall Street Zen downgraded shares of Figma from a “hold” rating to a “sell” rating in a research report on Saturday, January 31st. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Figma in a report on Monday, December 29th. Finally, Piper Sandler cut their target price on shares of Figma from $70.00 to $35.00 and set an “overweight” rating for the company in a research note on Monday. Four investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Figma currently has an average rating of “Hold” and a consensus target price of $47.75.

Hedge Funds Weigh In On Figma

Several large investors have recently modified their holdings of the stock. Rit Capital Partners PLC acquired a new stake in Figma during the third quarter worth approximately $2,592,000. Sumitomo Mitsui Trust Group Inc. acquired a new position in shares of Figma in the third quarter valued at approximately $11,075,000. Rakuten Investment Management Inc. bought a new position in shares of Figma during the third quarter worth approximately $4,425,000. Baillie Gifford & Co. acquired a new stake in Figma during the 3rd quarter worth approximately $154,242,000. Finally, Mirae Asset Global Investments Co. Ltd. bought a new stake in Figma in the 3rd quarter valued at $8,734,000.

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.