Figma (NYSE:FIG) CEO Dylan Field Sells 250,000 Shares

Figma, Inc. (NYSE:FIG) CEO Dylan Field sold 250,000 shares of the business’s stock in a transaction on Thursday, February 26th. The shares were sold at an average price of $30.80, for a total transaction of $7,700,000.00. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Dylan Field also recently made the following trade(s):

• On Thursday, February 26th, Dylan Field sold 236,930 shares of Figma stock. The stock was sold at an average price of $30.77, for a total value of $7,290,336.10.
• On Wednesday, January 14th, Dylan Field sold 250,000 shares of Figma stock. The shares were sold at an average price of $32.63, for a total value of $8,157,500.00.
• On Wednesday, January 14th, Dylan Field sold 62,500 shares of Figma stock. The stock was sold at an average price of $32.63, for a total transaction of $2,039,375.00.
• On Monday, December 15th, Dylan Field sold 62,500 shares of Figma stock. The stock was sold at an average price of $34.66, for a total transaction of $2,166,250.00.
• On Monday, December 15th, Dylan Field sold 250,000 shares of Figma stock. The shares were sold at an average price of $34.66, for a total transaction of $8,665,000.00.

Figma Stock Down 0.4%

Shares of FIG traded down $0.11 during mid-day trading on Monday, reaching $29.28. The company had a trading volume of 12,024,507 shares, compared to its average volume of 21,634,552. Figma, Inc. has a 52-week low of $19.85 and a 52-week high of $142.92. The stock has a 50 day moving average of $29.90 and a two-hundred day moving average of $43.93.

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

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on FIG. Piper Sandler reissued an “overweight” rating and issued a $35.00 price objective on shares of Figma in a report on Thursday, February 19th. The Goldman Sachs Group set a $35.00 price target on shares of Figma in a research report on Thursday, February 19th. Barclays raised Figma to a “neutral” rating in a research report on Thursday, January 8th. Wells Fargo & Company reduced their price objective on shares of Figma from $52.00 to $42.00 and set an “overweight” rating on the stock in a report on Thursday, February 19th. Finally, Wall Street Zen upgraded shares of Figma from a “sell” rating to a “hold” rating in a research note on Sunday, February 8th. Four research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $43.25.

Institutional Investors Weigh In On Figma

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Whittier Trust Co. of Nevada Inc. purchased a new position in shares of Figma during the third quarter worth approximately $26,000. NewEdge Advisors LLC purchased a new stake in Figma in the 3rd quarter valued at $26,000. Wilmington Savings Fund Society FSB acquired a new stake in Figma during the 3rd quarter worth $27,000. Sunbelt Securities Inc. acquired a new stake in Figma during the 3rd quarter worth $30,000. Finally, US Bancorp DE purchased a new position in Figma during the 3rd quarter worth $31,000.

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.