Figma (NYSE:FIG) CAO Tyler Herb Sells 757 Shares

Figma, Inc. (NYSE:FIG) CAO Tyler Herb sold 757 shares of the firm’s stock in a transaction on Monday, November 17th. The shares were sold at an average price of $38.21, for a total transaction of $28,924.97. Following the completion of the transaction, the chief accounting officer owned 208,789 shares in the company, valued at $7,977,827.69. The trade was a 0.36% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

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

• 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 stock was sold at an average price of $48.17, for a total value of $150,916.61.

Figma Stock Performance

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

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, topping the consensus estimate of ($1.56) by $1.66. The company had revenue of $274.17 million for the quarter. Figma’s quarterly revenue was up 38.0% on a year-over-year basis. During the same period in the prior year, the company earned $0.04 EPS. Figma has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS.

Institutional Investors Weigh In On Figma

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

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. Morgan Stanley reduced their target price on Figma from $80.00 to $70.00 and set an “equal weight” rating on the stock in a report on Thursday, September 4th. Zacks Research raised shares of Figma to a “hold” rating in a research report on Thursday, August 21st. Bank of America lowered their price objective 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. Royal Bank Of Canada dropped their target price on Figma from $75.00 to $65.00 and set a “sector perform” rating on the stock in a report on Thursday, September 4th. Finally, Weiss Ratings began coverage on shares of Figma in a report on Friday, October 24th. They set a “sell (d)” rating on the stock. Three analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target 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.