Tyler Herb Sells 757 Shares of Figma (NYSE:FIG) Stock

Figma, Inc. (NYSE:FIG) CAO Tyler Herb sold 757 shares of the stock in a transaction on Monday, November 17th. The shares were sold at an average price of $38.21, for a total value of $28,924.97. Following the sale, the chief accounting officer directly owned 208,789 shares in the company, valued at $7,977,827.69. This trade represents a 0.36% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

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

• On Monday, November 10th, Tyler Herb sold 43,357 shares of Figma stock. The shares were sold at an average price of $43.93, for a total transaction of $1,904,673.01.
• On Monday, November 3rd, Tyler Herb sold 3,133 shares of Figma stock. The shares were sold at an average price of $48.17, for a total transaction of $150,916.61.

Figma Stock Down 5.9%

Figma stock opened at $33.63 on Friday. Figma, Inc. has a 1-year low of $33.42 and a 1-year high of $142.92. The stock has a fifty day simple moving average of $52.05.

Figma (NYSE:FIG) last released its earnings results on Wednesday, November 5th. The company reported $0.10 earnings per share for the quarter, topping the consensus estimate of ($1.56) by $1.66. The company had revenue of $274.17 million for the quarter. The company’s revenue was up 38.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.04 earnings per share. Figma has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS.

Institutional Trading of Figma

Institutional investors have recently modified their holdings of the stock. SC US Ttgp LTD. purchased a new stake in shares of Figma during the third quarter worth about $1,310,305,000. ICONIQ Capital LLC acquired a new stake in Figma in the 3rd quarter worth about $1,108,879,000. a16z Capital Management L.L.C. acquired a new stake in Figma in the 3rd quarter worth about $842,687,000. Durable Capital Partners LP purchased a new stake in Figma during the 3rd quarter worth approximately $278,510,000. Finally, Thrive Capital Management LLC acquired a new position in shares of Figma during the third quarter valued at approximately $228,034,000.

Analyst Ratings Changes

FIG has been the topic of a number of analyst reports. Piper Sandler dropped their price objective on shares of Figma from $85.00 to $70.00 and set an “overweight” rating on the stock in a research note on Thursday, November 6th. Morgan Stanley dropped their price target on shares of Figma from $80.00 to $70.00 and set an “equal weight” rating on the stock in a research report on Thursday, September 4th. JPMorgan Chase & Co. cut their price objective on shares of Figma from $65.00 to $60.00 and set a “neutral” rating for the company in a report on Thursday, November 6th. The Goldman Sachs Group increased their target price on shares of Figma from $49.00 to $54.00 and gave the stock a “neutral” rating in a research note on Friday, November 7th. Finally, Wells Fargo & Company dropped their target price on Figma from $70.00 to $52.00 and set an “equal weight” rating on the stock in a research report on Wednesday, November 5th. Three equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Figma currently has an average rating of “Hold” and an average price target of $62.86.

About Figma

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.