Lynn Vojvodich Radakovich Sells 15,124 Shares of Figma (NYSE:FIG) Stock

Figma, Inc. (NYSE:FIG) Director Lynn Vojvodich Radakovich sold 15,124 shares of the business’s stock in a transaction on Monday, December 15th. The stock was sold at an average price of $34.64, for a total transaction of $523,895.36. Following the transaction, the director owned 72,394 shares of the company’s stock, valued at approximately $2,507,728.16. The trade was a 17.28% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.

Figma Stock Down 0.9%

Shares of NYSE FIG opened at $37.04 on Friday. The business’s 50-day simple moving average is $44.22. Figma, Inc. has a 1 year low of $32.83 and a 1 year high of $142.92.

Figma (NYSE:FIG) last released its quarterly earnings data on Wednesday, November 5th. The company reported $0.10 EPS for the quarter, beating analysts’ consensus estimates of ($1.56) by $1.66. The business had revenue of $274.17 million during the quarter. The business’s revenue was up 38.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.04 EPS.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. William Blair restated an “outperform” rating on shares of Figma in a research report on Thursday, September 4th. Wells Fargo & Company decreased their price objective on shares of Figma from $70.00 to $52.00 and set an “equal weight” rating for the company in a research note on Wednesday, November 5th. Piper Sandler dropped their price objective on Figma from $85.00 to $70.00 and set an “overweight” rating on the stock in a report on Thursday, November 6th. Zacks Research raised Figma to a “hold” rating in a report on Thursday, August 21st. Finally, Royal Bank Of Canada decreased their target price on Figma from $75.00 to $65.00 and set a “sector perform” rating for the company in a research report on Thursday, September 4th. Three equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $62.86.

Hedge Funds Weigh In On Figma

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Voya Investment Management LLC acquired a new position in Figma in the 3rd quarter valued at $3,412,000. VERITY Wealth Advisors acquired a new stake in shares of Figma in the 3rd quarter worth $519,000. Tripletail Wealth Management LLC purchased a new stake in shares of Figma in the third quarter valued at about $53,000. Renaissance Capital LLC acquired a new position in shares of Figma during the third quarter worth about $2,439,000. Finally, SOA Wealth Advisors LLC. acquired a new position in shares of Figma during the third quarter worth about $39,000.

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.