Figma (NYSE:FIG) CRO Shaunt Voskanian Sells 8,554 Shares

Figma, Inc. (NYSE:FIG) CRO Shaunt Voskanian sold 8,554 shares of Figma stock in a transaction on Wednesday, February 25th. The stock was sold at an average price of $30.00, for a total value of $256,620.00. Following the sale, the executive owned 1,580,181 shares in the company, valued at $47,405,430. This trade represents a 0.54% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this link.

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

• On Monday, February 2nd, Shaunt Voskanian sold 3,828 shares of Figma stock. The shares were sold at an average price of $24.86, for a total value of $95,164.08.
• 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 shares were sold at an average price of $35.45, for a total transaction of $215,394.20.

Figma Trading Down 2.7%

Shares of NYSE:FIG traded down $0.83 during mid-day trading on Friday, reaching $29.39. The company had a trading volume of 13,048,663 shares, compared to its average volume of 15,359,438. Figma, Inc. has a one year low of $19.85 and a one year high of $142.92. The company’s 50-day moving average price is $30.29 and its 200-day moving average price is $45.19. The firm has a market cap of $12.96 billion and a price-to-earnings ratio of -9.42.

Figma (NYSE:FIG) last announced its quarterly earnings data on Wednesday, February 18th. The company reported $0.08 earnings per share for the quarter, beating the consensus estimate of ($0.20) by $0.28. The business had revenue of $303.78 million during the quarter. Figma had a negative return on equity of 97.03% and a negative net margin of 121.87%.Figma’s revenue for the quarter was up 40.1% compared to the same quarter last year.

Analyst Ratings Changes

Several research firms have commented on FIG. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Figma in a report on Monday, December 29th. Barclays upgraded shares of Figma to a “neutral” rating in a research note on Thursday, January 8th. JPMorgan Chase & Co. reduced their price objective on shares of 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 target price on Figma from $38.00 to $31.00 and set a “sector perform” rating on the stock in a research report on Thursday, February 19th. Finally, Piper Sandler reaffirmed an “overweight” rating and issued a $35.00 price target on shares of Figma in a report on Thursday, February 19th. Four equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $43.25.

Hedge Funds Weigh In On Figma

A number of large investors have recently added to or reduced their stakes in FIG. Gladstone Capital Management LLP lifted its stake in shares of Figma by 2.9% in the 4th 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 last quarter. Whittier Trust Co. of Nevada Inc. bought a new position in Figma during the 3rd quarter worth approximately $26,000. NewEdge Advisors LLC purchased a new position in Figma in the 3rd quarter worth approximately $26,000. Wilmington Savings Fund Society FSB bought a new stake in Figma in the third quarter valued at approximately $27,000. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of Figma by 3.8% during the fourth 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 during the period.

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.