Figma (NYSE:FIG) CAO Sells $47,772.66 in Stock

Figma, Inc. (NYSE:FIG) CAO Tyler Herb sold 1,678 shares of the business’s stock in a transaction on Tuesday, March 3rd. The shares were sold at an average price of $28.47, for a total transaction of $47,772.66. Following the completion of the sale, the chief accounting officer directly owned 188,913 shares in the company, valued at $5,378,353.11. This trade represents a 0.88% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Thursday, February 26th, Tyler Herb sold 1,492 shares of Figma stock. The stock was sold at an average price of $32.00, for a total transaction of $47,744.00.
• On Thursday, February 19th, Tyler Herb sold 1,492 shares of Figma stock. The shares were sold at an average price of $26.00, for a total value of $38,792.00.
• 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 value of $55,487.52.
• On Monday, January 5th, Tyler Herb sold 2,840 shares of Figma stock. The stock was 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.

Figma Stock Performance

Shares of NYSE FIG traded up $0.60 during trading on Thursday, reaching $30.24. The company had a trading volume of 14,137,547 shares, compared to its average volume of 15,104,380. Figma, Inc. has a 52 week low of $19.85 and a 52 week high of $142.92. The business’s 50 day moving average price is $29.56 and its 200-day moving average price is $43.49. The stock has a market cap of $13.34 billion and a PE ratio of -9.69.

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

Analysts Set New Price Targets

FIG has been the subject of several research analyst reports. Royal Bank Of Canada lowered their price target on shares of Figma from $38.00 to $31.00 and set a “sector perform” rating for the company in a report on Thursday, February 19th. Wells Fargo & Company decreased their target price on shares of Figma from $52.00 to $42.00 and set an “overweight” rating for the company in a research report on Thursday, February 19th. Barclays raised Figma to a “neutral” rating in a research note on Thursday, January 8th. The Goldman Sachs Group set a $35.00 target price on Figma in a research note on Thursday, February 19th. Finally, Morgan Stanley set a $44.00 price target on Figma in a report on Thursday, February 19th. Four analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $43.25.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Whittier Trust Co. of Nevada Inc. purchased a new stake in Figma during the 3rd quarter valued at about $26,000. NewEdge Advisors LLC purchased a new position in shares of Figma in the third quarter worth $26,000. DV Equities LLC purchased a new stake in shares of Figma during the fourth quarter valued at $26,000. Concord Wealth Partners increased its holdings in Figma by 1,446.8% in the 4th quarter. Concord Wealth Partners now owns 727 shares of the company’s stock worth $27,000 after buying an additional 680 shares in the last quarter. Finally, Harbour Investments Inc. raised its position in Figma by 1,568.2% in the 4th quarter. Harbour Investments Inc. now owns 734 shares of the company’s stock worth $27,000 after buying an additional 690 shares during the last quarter.

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.