Tyler Herb Sells 1,840 Shares of Figma (NYSE:FIG) Stock

Figma, Inc. (NYSE:FIG) CAO Tyler Herb sold 1,840 shares of the company’s stock in a transaction dated Friday, August 21st. The stock was sold at an average price of $27.14, for a total transaction of $49,937.60. Following the transaction, the chief accounting officer owned 254,640 shares of the company’s stock, valued at $6,910,929.60. This represents a 0.72% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Tyler Herb also recently made the following trade(s):

• On Tuesday, August 4th, Tyler Herb sold 709 shares of Figma stock. The shares were sold at an average price of $26.00, for a total transaction of $18,434.00.
• On Monday, August 3rd, Tyler Herb sold 1,536 shares of Figma stock. The shares were sold at an average price of $26.00, for a total transaction of $39,936.00.
• On Monday, June 1st, Tyler Herb sold 1,850 shares of Figma stock. The shares were sold at an average price of $26.40, for a total transaction of $48,840.00.

Figma Trading Down 0.5%

NYSE FIG opened at $27.14 on Thursday. The company has a 50-day moving average price of $23.04 and a two-hundred day moving average price of $22.70. Figma, Inc. has a 52 week low of $16.60 and a 52 week high of $72.11. The stock has a market cap of $12.35 billion and a price-to-earnings ratio of -7.46.

Figma (NYSE:FIG) last released its quarterly earnings results on Wednesday, August 5th. The company reported $0.08 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.22) by $0.30. The company had revenue of $370.08 million for the quarter. Figma had a negative return on equity of 100.03% and a negative net margin of 123.15%.The business’s quarterly revenue was up 48.2% on a year-over-year basis. During the same period last year, the firm posted $0.09 EPS. As a group, equities research analysts expect that Figma, Inc. will post -0.75 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Figma

A number of institutional investors have recently added to or reduced their stakes in FIG. Vanguard Group Inc. bought a new position in Figma during the 3rd quarter valued at $2,282,000. US Bancorp DE bought a new stake in shares of Figma in the 3rd quarter worth $31,000. Blair William & Co. IL bought a new stake in shares of Figma in the 3rd quarter worth $460,000. Banque Cantonale Vaudoise acquired a new stake in shares of Figma in the third quarter valued at $271,000. Finally, Franklin Resources Inc. acquired a new stake in shares of Figma in the third quarter valued at $9,084,000.

Analyst Ratings Changes

Several analysts have weighed in on the company. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Figma in a research note on Friday, August 14th. Wells Fargo & Company decreased their price target on Figma from $42.00 to $36.00 and set an “overweight” rating for the company in a research note on Friday, June 26th. Piper Sandler reissued an “overweight” rating and set a $30.00 price target on shares of Figma in a report on Thursday, June 25th. Stifel Nicolaus set a $25.00 price objective on shares of Figma in a research note on Friday, May 15th. Finally, Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of Figma in a report on Thursday, August 6th. Five research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Figma presently has a consensus rating of “Hold” and a consensus target price of $32.56.

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.