Insider Selling: Figma (NYSE:FIG) CEO Sells 3,029,063 Shares of Stock

Figma, Inc. (NYSE:FIG) CEO Dylan Field sold 3,029,063 shares of the business’s stock in a transaction that occurred on Monday, November 17th. The stock was sold at an average price of $37.30, for a total transaction of $112,984,049.90. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Figma Trading Down 2.9%

Shares of NYSE FIG traded down $1.07 during midday trading on Wednesday, reaching $35.69. The company had a trading volume of 6,558,367 shares, compared to its average volume of 9,999,674. Figma, Inc. has a 1 year low of $35.50 and a 1 year high of $142.92. The company’s 50-day moving average is $52.50.

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

Wall Street Analysts Forecast Growth

FIG has been the subject of a number of research reports. Wells Fargo & Company decreased their target price on Figma from $70.00 to $52.00 and set an “equal weight” rating for the company in a report on Wednesday, November 5th. 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 report on Thursday, November 6th. Royal Bank Of Canada cut their price objective on shares of Figma from $75.00 to $65.00 and set a “sector perform” rating on the stock in a research note on Thursday, September 4th. Wall Street Zen raised shares of Figma to a “hold” rating in a report on Saturday, August 9th. Finally, Bank of America lowered their price target on shares of Figma from $85.00 to $69.00 and set a “buy” rating on the stock in a report on Thursday, September 4th. Three investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $62.86.

Institutional Trading of Figma

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

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.