Tyler Herb Sells 2,310 Shares of Figma (NYSE:FIG) Stock

Figma, Inc. (NYSE:FIG) CAO Tyler Herb sold 2,310 shares of the firm’s stock in a transaction dated Wednesday, December 3rd. The stock was sold at an average price of $36.60, for a total value of $84,546.00. Following the completion of the transaction, the chief accounting officer owned 203,406 shares in the company, valued at approximately $7,444,659.60. This trade represents a 1.12% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

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

• On Monday, December 1st, Tyler Herb sold 3,073 shares of Figma stock. The stock was sold at an average price of $35.45, for a total transaction of $108,937.85.
• On Monday, November 17th, Tyler Herb sold 757 shares of Figma stock. The shares were sold at an average price of $38.21, for a total transaction of $28,924.97.
• On Monday, November 10th, Tyler Herb sold 43,357 shares of Figma stock. The stock was 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 Price Performance

NYSE:FIG traded down $0.75 during mid-day trading on Friday, hitting $37.96. The company had a trading volume of 4,993,192 shares, compared to its average volume of 10,736,335. Figma, Inc. has a 1 year low of $32.83 and a 1 year high of $142.92. The business has a fifty day simple moving average of $48.16.

Figma (NYSE:FIG) last posted its earnings results 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 company had revenue of $274.17 million during the quarter. During the same period in the prior year, the business posted $0.04 EPS. The business’s quarterly revenue was up 38.0% on a year-over-year basis.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in FIG. SC US Ttgp LTD. bought a new position in Figma during the third quarter worth $1,310,305,000. ICONIQ Capital LLC acquired a new stake in shares of Figma during the third quarter worth $1,108,879,000. a16z Capital Management L.L.C. acquired a new stake in shares of Figma during the third quarter worth $842,687,000. Durable Capital Partners LP bought a new position in shares of Figma in the 3rd quarter worth about $278,510,000. Finally, Thrive Capital Management LLC acquired a new position in shares of Figma in the 3rd quarter valued at about $228,034,000.

Analyst Upgrades and Downgrades

A number of brokerages have commented on FIG. Zacks Research upgraded shares of Figma to a “hold” rating in a report on Thursday, August 21st. The Goldman Sachs Group lifted their target price on Figma from $49.00 to $54.00 and gave the stock a “neutral” rating in a research report on Friday, November 7th. Morgan Stanley reduced their price target on Figma from $80.00 to $70.00 and set an “equal weight” rating for the company in a report on Thursday, September 4th. Bank of America lowered their price objective on Figma from $85.00 to $69.00 and set a “buy” rating for the company in a research note on Thursday, September 4th. Finally, Royal Bank Of Canada decreased their price target on shares of 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 given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Figma has a consensus rating of “Hold” and a consensus target price of $62.86.

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.