Figma (NYSE:FIG) CAO Tyler Herb Sells 43,357 Shares

Figma, Inc. (NYSE:FIG) CAO Tyler Herb sold 43,357 shares of Figma stock in a transaction dated Monday, November 10th. The stock was sold at an average price of $43.93, for a total value of $1,904,673.01. Following the sale, the chief accounting officer directly owned 208,789 shares in the company, valued at approximately $9,172,100.77. This trade represents a 17.20% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• 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 value of $150,916.61.

Figma Stock Down 7.7%

Shares of FIG stock opened at $40.60 on Friday. Figma, Inc. has a 12 month low of $40.02 and a 12 month high of $142.92. The stock has a 50 day moving average price of $53.76.

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

Hedge Funds Weigh In On Figma

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Baillie Gifford & Co. bought a new stake in Figma during the third quarter worth about $154,242,000. SurgoCap Partners LP acquired a new position in shares of Figma in the 3rd quarter worth approximately $120,210,000. Capital International Investors bought a new stake in Figma during the 3rd quarter worth approximately $61,918,000. Capital Research Global Investors bought a new stake in Figma during the 3rd quarter worth approximately $41,840,000. Finally, Marshall Wace LLP acquired a new stake in Figma during the 3rd quarter valued at $40,398,000.

Analysts Set New Price Targets

Several equities research analysts have issued reports on FIG shares. William Blair reissued an “outperform” rating on shares of Figma in a report on Thursday, September 4th. Zacks Research raised shares of Figma to a “hold” rating in a research note on Thursday, August 21st. JPMorgan Chase & Co. dropped their price target on shares of Figma from $65.00 to $60.00 and set a “neutral” rating for the company in a research report on Thursday, November 6th. Wells Fargo & Company lowered their price objective on Figma from $70.00 to $52.00 and set an “equal weight” rating on the stock in a research note on Wednesday, November 5th. Finally, Bank of America dropped their target price on Figma from $85.00 to $69.00 and set a “buy” rating for the company in a report on Thursday, September 4th. Three equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus 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.