Figma (NYSE:FIG) CAO Tyler Herb Sells 1,536 Shares

Figma, Inc. (NYSE:FIG) CAO Tyler Herb sold 1,536 shares of the firm’s stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $26.00, for a total transaction of $39,936.00. Following the transaction, the chief accounting officer directly owned 257,189 shares in the company, valued at $6,686,914. The trade was a 0.59% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

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

• 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.
• On Monday, May 18th, Tyler Herb sold 669 shares of Figma stock. The shares were sold at an average price of $23.79, for a total transaction of $15,915.51.

Figma Stock Performance

Shares of FIG opened at $27.12 on Wednesday. Figma, Inc. has a fifty-two week low of $16.60 and a fifty-two week high of $94.00. The firm has a 50-day simple moving average of $21.61 and a 200-day simple moving average of $22.83. The company has a market capitalization of $12.09 billion and a price-to-earnings ratio of -7.91.

Figma (NYSE:FIG) last issued its quarterly earnings results on Thursday, May 14th. The company reported $0.10 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.17) by $0.27. Figma had a negative return on equity of 98.51% and a negative net margin of 123.83%.The firm had revenue of $333.44 million for the quarter. The business’s revenue was up 46.1% on a year-over-year basis. Equities research analysts forecast that Figma, Inc. will post -0.79 EPS for the current year.

Wall Street Analysts Forecast Growth

FIG has been the subject of several recent research reports. Morgan Stanley decreased their price target on Figma from $44.00 to $38.00 and set an “equal weight” rating for the company in a report on Friday, May 15th. Royal Bank Of Canada dropped their price objective on shares of Figma from $28.00 to $22.00 and set a “sector perform” rating on the stock in a research note on Thursday, June 25th. Stifel Nicolaus set a $25.00 price objective on shares of Figma in a research report on Friday, May 15th. Bank of America assumed coverage on shares of Figma in a research note on Tuesday, July 7th. They issued a “buy” rating and a $30.00 target price for the company. Finally, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Figma in a report on Tuesday, May 19th. Five analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $32.56.

Institutional Investors Weigh In On Figma

Large investors have recently added to or reduced their stakes in the business. Mirae Asset Global Investments Co. Ltd. grew its position in shares of Figma by 69.3% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 285,055 shares of the company’s stock valued at $10,653,000 after purchasing an additional 116,681 shares during the last quarter. Amova Asset Management Americas Inc. grew its holdings in Figma by 641.4% during the 1st quarter. Amova Asset Management Americas Inc. now owns 1,467,887 shares of the company’s stock valued at $31,031,000 after buying an additional 1,269,900 shares during the last quarter. Baillie Gifford & Co. increased its position in Figma by 93.8% during the fourth quarter. Baillie Gifford & Co. now owns 5,763,613 shares of the company’s stock worth $215,386,000 after buying an additional 2,789,986 shares in the last quarter. Freestone Capital Holdings LLC acquired a new position in shares of Figma in the fourth quarter worth $10,297,000. Finally, Ieq Capital LLC lifted its position in shares of Figma by 1,670.9% in the fourth quarter. Ieq Capital LLC now owns 973,880 shares of the company’s stock valued at $36,394,000 after acquiring an additional 918,886 shares in 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.