Shaunt Voskanian Sells 6,305 Shares of Figma (NYSE:FIG) Stock

Figma, Inc. (NYSE:FIG) CRO Shaunt Voskanian sold 6,305 shares of Figma stock in a transaction that occurred on Wednesday, December 3rd. The stock was sold at an average price of $36.68, for a total transaction of $231,267.40. Following the completion of the transaction, the executive owned 1,604,945 shares of the company’s stock, valued at $58,869,382.60. This represents a 0.39% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Shaunt Voskanian also recently made the following trade(s):

• On Monday, December 1st, Shaunt Voskanian sold 6,076 shares of Figma stock. The stock was sold at an average price of $35.45, for a total transaction of $215,394.20.
• On Monday, November 10th, Shaunt Voskanian sold 403,335 shares of Figma stock. The stock was sold at an average price of $43.39, for a total value of $17,500,705.65.
• On Monday, November 3rd, Shaunt Voskanian sold 26,741 shares of Figma stock. The stock was sold at an average price of $48.17, for a total value of $1,288,113.97.

Figma Trading Down 1.9%

Shares of Figma stock traded down $0.75 during trading hours 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. The company’s 50-day moving average price is $48.16. Figma, Inc. has a twelve month low of $32.83 and a twelve month 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, beating the consensus estimate of ($1.56) by $1.66. The company had revenue of $274.17 million during the quarter. Figma’s quarterly revenue was up 38.0% compared to the same quarter last year. During the same period in the previous year, the company earned $0.04 EPS.

Analysts Set New Price Targets

FIG has been the topic of a number of research reports. Piper Sandler lowered their price target on Figma from $85.00 to $70.00 and set an “overweight” rating on the stock in a report on Thursday, November 6th. Bank of America lowered their target price 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. Morgan Stanley lowered their price objective on Figma from $80.00 to $70.00 and set an “equal weight” rating on the stock in a report on Thursday, September 4th. The Goldman Sachs Group raised their price target on Figma from $49.00 to $54.00 and gave the company a “neutral” rating in a report on Friday, November 7th. Finally, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Figma in a report on Monday. Three 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. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $62.86.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Whittier Trust Co. of Nevada Inc. acquired a new position in shares of Figma in the third quarter worth $26,000. NewEdge Advisors LLC acquired a new position in Figma in the 3rd quarter valued at about $26,000. Wilmington Savings Fund Society FSB purchased a new position in Figma in the 3rd quarter valued at about $27,000. Sunbelt Securities Inc. acquired a new stake in shares of Figma during the 3rd quarter worth about $30,000. Finally, US Bancorp DE purchased a new stake in shares of Figma during the third quarter worth about $31,000.

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.