Figma (NYSE:FIG) Stock: Insider Tyler Herb Sells 1,418 Shares

Figma, Inc. (NYSE:FIG) CAO Tyler Herb sold 1,418 shares of the stock in a transaction dated Monday, October 5th. The shares were sold at an average price of $21.62, for a total value of $30,657.16. Following the completion of the transaction, the chief accounting officer owned 246,130 shares in the company, valued at approximately $5,321,330.60. The trade was a 0.57% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Thursday, September 3rd, Tyler Herb sold 1,416 shares of Figma stock. The stock was sold at an average price of $26.29, for a total value of $37,226.64.
• On Thursday, August 27th, Tyler Herb sold 2,000 shares of Figma stock. The shares were sold at an average price of $30.00, for a total value of $60,000.00.
• On Friday, August 21st, Tyler Herb sold 1,840 shares of Figma stock. The shares were sold at an average price of $27.14, for a total transaction of $49,937.60.
• On Tuesday, August 4th, Tyler Herb sold 709 shares of Figma stock. The stock was 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 stock was sold at an average price of $26.00, for a total transaction of $39,936.00.

Figma Trading Up 4.6%

Shares of Figma stock opened at $22.61 on Friday. The company has a fifty day simple moving average of $24.25 and a 200-day simple moving average of $22.03. Figma, Inc. has a 12-month low of $16.60 and a 12-month high of $70.79. The stock has a market cap of $10.29 billion, a price-to-earnings ratio of -6.21 and a beta of 1.32.

Figma (NYSE:FIG) last announced its quarterly earnings results on Wednesday, August 5th. The company reported $0.08 EPS for the quarter, topping the consensus estimate of ($0.22) by $0.30. Figma had a negative net margin of 123.15% and a negative return on equity of 100.03%. The firm had revenue of $370.08 million for the quarter. During the same quarter in the prior year, the business earned $0.09 earnings per share. Figma’s revenue was up 48.2% compared to the same quarter last year. On average, analysts forecast that Figma, Inc. will post -0.75 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Figma

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Gladstone Capital Management LLP grew its position in Figma by 2.9% in the 4th quarter. Gladstone Capital Management LLP now owns 17,081 shares of the company’s stock valued at $638,000 after buying an additional 481 shares during the last quarter. Allen Operations LLC lifted its stake in shares of Figma by 4.3% in the 1st quarter. Allen Operations LLC now owns 19,596 shares of the company’s stock worth $414,000 after acquiring an additional 813 shares during the period. D.A. Davidson & CO. grew its stake in shares of Figma by 9.7% during the 1st quarter. D.A. Davidson & CO. now owns 12,230 shares of the company’s stock worth $259,000 after purchasing an additional 1,085 shares during the period. Parallel Advisors LLC increased its position in shares of Figma by 3,890.0% in the first quarter. Parallel Advisors LLC now owns 1,197 shares of the company’s stock valued at $25,000 after buying an additional 1,167 shares in the last quarter. Finally, Resolute Advisors LLC lifted its position in shares of Figma by 5.1% in the second quarter. Resolute Advisors LLC now owns 27,133 shares of the company’s stock valued at $491,000 after acquiring an additional 1,320 shares in the last quarter.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. KeyCorp started coverage on Figma in a research report on Monday, September 14th. They set a “sector weight” rating on the stock. Oppenheimer restated a “market perform” rating on shares of Figma in a research note on Thursday, June 25th. Bank of America lifted their price target on Figma from $30.00 to $33.00 and gave the stock a “buy” rating in a research report on Wednesday, August 19th. Royal Bank Of Canada reiterated a “sector perform” rating on shares of Figma in a research note on Thursday, August 6th. Finally, Citigroup increased their price objective on Figma from $35.00 to $37.00 and gave the company a “buy” rating in a report on Friday, August 7th. Four research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $32.56.

About Figma

Figma, Inc is a collaborative software company that provides browser-based tools for designing, prototyping and developing digital products. Its platform enables product designers, developers, researchers, marketers and other stakeholders to work together on user interfaces and digital experiences in real time.

The company’s product portfolio includes Figma Design for interface design and prototyping, FigJam for collaborative brainstorming and whiteboarding, and Dev Mode, which helps developers inspect designs and translate them into working products.