Figma (NYSE:FIG) CAO Tyler Herb Sells 1,492 Shares

Figma, Inc. (NYSE:FIG) CAO Tyler Herb sold 1,492 shares of the company’s stock in a transaction dated Thursday, February 19th. The shares were sold at an average price of $26.00, for a total transaction of $38,792.00. Following the sale, the chief accounting officer directly owned 194,434 shares in the company, valued at approximately $5,055,284. This trade represents a 0.76% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Monday, February 2nd, Tyler Herb sold 2,232 shares of Figma stock. The stock was sold at an average price of $24.86, for a total transaction of $55,487.52.
• On Monday, January 5th, Tyler Herb sold 2,840 shares of Figma stock. The shares were sold at an average price of $37.15, for a total transaction of $105,506.00.
• On Friday, January 2nd, Tyler Herb sold 2,408 shares of Figma stock. The shares were sold at an average price of $37.21, for a total transaction of $89,601.68.
• On Wednesday, December 3rd, Tyler Herb sold 2,310 shares of Figma stock. The stock was sold at an average price of $36.60, for a total value of $84,546.00.
• On Monday, December 1st, Tyler Herb sold 3,073 shares of Figma stock. The shares were sold at an average price of $35.45, for a total value of $108,937.85.

Figma Stock Down 5.3%

Shares of NYSE:FIG traded down $1.39 during midday trading on Monday, reaching $24.70. 26,477,328 shares of the company traded hands, compared to its average volume of 14,521,487. The firm’s fifty day moving average price is $30.93 and its two-hundred day moving average price is $46.13. The firm has a market capitalization of $10.90 billion and a price-to-earnings ratio of -7.92. Figma, Inc. has a 12 month low of $19.85 and a 12 month high of $142.92.

Figma (NYSE:FIG) last posted its earnings results on Wednesday, February 18th. The company reported $0.08 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.20) by $0.28. Figma had a negative return on equity of 97.03% and a negative net margin of 121.87%.The business had revenue of $303.78 million during the quarter. The firm’s revenue was up 40.1% on a year-over-year basis.

Institutional Investors Weigh In On Figma

Several institutional investors have recently bought and sold shares of FIG. Voya Investment Management LLC bought a new position in Figma during the 3rd quarter valued at approximately $3,412,000. VERITY Wealth Advisors purchased a new position in shares of Figma during the third quarter valued at approximately $519,000. Tripletail Wealth Management LLC bought a new position in shares of Figma during the third quarter valued at approximately $53,000. Renaissance Capital LLC purchased a new stake in Figma in the third quarter worth $2,439,000. Finally, SOA Wealth Advisors LLC. purchased a new stake in Figma in the third quarter worth $39,000.

Wall Street Analyst Weigh In

FIG has been the subject of several research analyst reports. Piper Sandler reissued an “overweight” rating and set a $35.00 price objective on shares of Figma in a research note on Thursday. Weiss Ratings reissued a “sell (e+)” rating on shares of Figma in a report on Monday, December 29th. Wall Street Zen raised Figma from a “sell” rating to a “hold” rating in a research note on Sunday, February 8th. The Goldman Sachs Group set a $35.00 price objective on Figma in a research report on Thursday. Finally, Morgan Stanley set a $44.00 price objective on Figma in a report on Thursday. Four research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $43.25.

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.