Figma (NYSE:FIG) CRO Shaunt Voskanian Sells 403,335 Shares

Figma, Inc. (NYSE:FIG) CRO Shaunt Voskanian sold 403,335 shares of the stock in a transaction that occurred on Monday, November 10th. The shares were sold at an average price of $43.39, for a total value of $17,500,705.65. Following the transaction, the executive owned 1,617,326 shares in the company, valued at $70,175,775.14. This trade represents a 19.96% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• On Monday, November 3rd, Shaunt Voskanian sold 26,741 shares of Figma stock. The stock was sold at an average price of $48.17, for a total transaction of $1,288,113.97.

Figma Trading Down 7.7%

FIG opened at $40.60 on Friday. The firm’s fifty day moving average is $53.76. Figma, Inc. has a 52-week low of $40.02 and a 52-week high of $142.92.

Figma (NYSE:FIG) last released its earnings results on Wednesday, November 5th. The company reported $0.10 EPS for the quarter, topping analysts’ consensus estimates of ($1.56) by $1.66. The company had revenue of $274.17 million for the quarter. The firm’s quarterly revenue was up 38.0% on a year-over-year basis. During the same period in the prior year, the company earned $0.04 earnings per share. Figma has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS.

Hedge Funds Weigh In On Figma

A number of institutional investors have recently added to or reduced their stakes in the stock. Marshall Wace LLP purchased a new stake in Figma in the 3rd quarter valued at $40,398,000. SurgoCap Partners LP purchased a new position in shares of Figma during the 3rd quarter worth $120,210,000. Barometer Capital Management Inc. purchased a new position in shares of Figma during the 3rd quarter worth $685,000. Sands Capital Management LLC acquired a new position in shares of Figma during the 3rd quarter valued at about $11,762,000. Finally, Franklin Resources Inc. purchased a new stake in shares of Figma in the third quarter valued at about $9,084,000.

Analysts Set New Price Targets

A number of equities analysts have commented on the company. William Blair reissued an “outperform” rating on shares of Figma in a report on Thursday, September 4th. Wolfe Research began coverage on Figma in a research report on Monday, August 25th. They set a “peer perform” rating for the company. Wells Fargo & Company decreased their price objective on Figma from $70.00 to $52.00 and set an “equal weight” rating on the stock in a report on Wednesday, November 5th. Bank of America lowered their target price on shares of Figma from $85.00 to $69.00 and set a “buy” rating on the stock in a research note on Thursday, September 4th. Finally, Weiss Ratings assumed coverage on shares of Figma in a report on Friday, October 24th. They set a “sell (d)” rating for the company. Three analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $62.86.

Figma Company Profile

Figma is where teams come together to turn ideas into the world’s best digital products and experiences. Every day, billions of people around the world use apps, websites, and other digital experiences that are made in Figma. They’re looking up directions on Google Maps; requesting rides with Uber; checking in for flights on JetBlue; streaming shows on Netflix; learning languages with Duolingo; asking questions of Claude; connecting on LinkedIn; buying goods on Mercado Libre; or booking stays and experiences with Airbnb.