Insider Selling: Figma (NYSE:FIG) CAO Sells $49,937.60 in Stock

Figma, Inc. (NYSE:FIG) CAO Tyler Herb sold 1,840 shares of the business’s stock in a transaction on Friday, August 21st. The stock was sold at an average price of $27.14, for a total transaction of $49,937.60. Following the completion of the sale, the chief accounting officer directly owned 254,640 shares of the company’s stock, valued at $6,910,929.60. This represents a 0.72% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed 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 Tuesday, August 4th, Tyler Herb sold 709 shares of Figma stock. The shares were sold at an average price of $26.00, for a total value of $18,434.00.
• On Monday, August 3rd, Tyler Herb sold 1,536 shares of Figma stock. The shares were sold at an average price of $26.00, for a total value of $39,936.00.
• On Monday, June 1st, Tyler Herb sold 1,850 shares of Figma stock. The stock was sold at an average price of $26.40, for a total value of $48,840.00.

Figma Trading Down 0.5%

FIG stock traded down $0.14 during midday trading on Tuesday, hitting $27.30. The company had a trading volume of 10,598,458 shares, compared to its average volume of 18,083,986. Figma, Inc. has a 52 week low of $16.60 and a 52 week high of $72.20. The stock’s 50 day moving average price is $22.68 and its 200 day moving average price is $22.63. The stock has a market cap of $12.42 billion and a price-to-earnings ratio of -7.50.

Figma (NYSE:FIG) last issued its earnings results on Wednesday, August 5th. The company reported $0.08 earnings per share (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 posted $0.09 EPS. The firm’s revenue for the quarter was up 48.2% on a year-over-year basis. Analysts predict that Figma, Inc. will post -0.75 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. Bank of America upped their price objective on shares of Figma from $30.00 to $33.00 and gave the company a “buy” rating in a research note on Wednesday, August 19th. Citigroup boosted their price target on Figma from $35.00 to $37.00 and gave the company a “buy” rating in a report on Friday, August 7th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Figma in a research report on Friday, August 14th. Oppenheimer reiterated a “market perform” rating on shares of Figma in a report on Thursday, June 25th. Finally, JPMorgan Chase & Co. reduced their target price on Figma from $45.00 to $42.00 and set a “neutral” rating on the stock in a research note on Friday, May 15th. Five analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $32.56.

Institutional Trading of Figma

Institutional investors and hedge funds have recently bought and sold shares of the stock. Gladstone Capital Management LLP grew its holdings in shares of Figma by 2.9% during the 4th quarter. Gladstone Capital Management LLP now owns 17,081 shares of the company’s stock worth $638,000 after acquiring an additional 481 shares during the period. NewEdge Advisors LLC purchased a new position in shares of Figma in the 3rd quarter valued at approximately $26,000. Wilmington Savings Fund Society FSB bought a new stake in shares of Figma during the third quarter valued at approximately $27,000. Charles Schwab Investment Management Inc. grew its stake in Figma by 3.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 15,212 shares of the company’s stock worth $568,000 after purchasing an additional 559 shares during the period. Finally, Sunbelt Securities Inc. purchased a new stake in Figma in the third quarter worth $30,000.

Figma Company Profile

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.