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

Figma, Inc. (NYSE:FIG) Director Lynn Vojvodich Radakovich sold 15,124 shares of the business’s stock in a transaction that occurred 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 sale, the director directly owned 72,394 shares in the company, valued at approximately $2,507,728.16. This represents a 17.28% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Figma Price Performance

Shares of NYSE FIG traded up $1.47 during mid-day trading on Wednesday, hitting $37.41. The stock had a trading volume of 6,066,814 shares, compared to its average volume of 10,289,170. The stock’s 50 day moving average price is $45.51. Figma, Inc. has a twelve month low of $32.83 and a twelve month high of $142.92.

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

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Rakuten Securities Inc. acquired a new stake in Figma during the third quarter worth about $155,000. CoreCap Advisors LLC purchased a new stake in shares of Figma in the 3rd quarter valued at approximately $57,000. Elite Wealth Management Inc. acquired a new stake in shares of Figma during the 3rd quarter worth approximately $1,333,000. Lattice Capital Management LLC purchased a new stake in shares of Figma during the 3rd quarter valued at approximately $384,000. Finally, SG Americas Securities LLC purchased a new stake in shares of Figma during the 3rd quarter valued at approximately $5,815,000.

Analysts Set New Price Targets

A number of research analysts recently weighed in on FIG shares. Zacks Research raised shares of Figma to a “hold” rating in a research note on Thursday, August 21st. Wells Fargo & Company lowered their price target 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. Morgan Stanley dropped their price target on Figma from $80.00 to $70.00 and set an “equal weight” rating for the company in a research report on Thursday, September 4th. Royal Bank Of Canada reduced their price objective on Figma from $75.00 to $65.00 and set a “sector perform” rating for the company in a research note on Thursday, September 4th. Finally, The Goldman Sachs Group lifted 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. Three 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. Based on data from MarketBeat.com, Figma has an average rating of “Hold” and a consensus target price 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.