Insider Selling: Figma (NYSE:FIG) CAO Sells $48,840.00 in Stock

Figma, Inc. (NYSE:FIG) CAO Tyler Herb sold 1,850 shares of the stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $26.40, for a total value of $48,840.00. Following the completion of the sale, the chief accounting officer owned 263,435 shares in the company, valued at approximately $6,954,684. The trade was a 0.70% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

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

• On Monday, May 18th, Tyler Herb sold 669 shares of Figma stock. The stock was sold at an average price of $23.79, for a total value of $15,915.51.

Figma Stock Performance

Shares of NYSE FIG opened at $21.73 on Friday. The business’s 50 day moving average price is $20.69 and its 200-day moving average price is $27.55. Figma, Inc. has a fifty-two week low of $16.60 and a fifty-two week high of $142.92. The company has a market cap of $9.68 billion and a price-to-earnings ratio of -6.33.

Figma (NYSE:FIG) last issued its quarterly earnings results on Thursday, May 14th. The company reported $0.10 earnings per share for the quarter, topping the consensus estimate of ($0.17) by $0.27. Figma had a negative return on equity of 98.51% and a negative net margin of 123.83%.The firm had revenue of $333.44 million for the quarter. The company’s revenue for the quarter was up 46.1% compared to the same quarter last year. Sell-side analysts predict that Figma, Inc. will post -0.78 earnings per share for the current year.

Analyst Ratings Changes

Several research firms have commented on FIG. Wall Street Zen upgraded Figma from a “sell” rating to a “hold” rating in a report on Sunday, February 8th. The Goldman Sachs Group set a $35.00 price objective on Figma in a report on Thursday, February 19th. Piper Sandler restated an “overweight” rating and set a $30.00 price objective (down from $35.00) on shares of Figma in a report on Friday, May 15th. BTIG Research began coverage on Figma in a report on Monday, April 13th. They set a “neutral” rating on the stock. Finally, Weiss Ratings restated a “sell (e+)” rating on shares of Figma in a report on Tuesday, May 19th. Four analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $38.63.

Institutional Trading of Figma

Several hedge funds and other institutional investors have recently bought and sold shares of FIG. SC US Ttgp LTD. bought a new stake in Figma during the 3rd quarter valued at $1,310,305,000. ICONIQ Capital LLC bought a new stake in Figma during the 3rd quarter valued at $1,108,879,000. a16z Capital Management L.L.C. bought a new stake in Figma during the 3rd quarter valued at $842,687,000. Viking Global Investors LP acquired a new stake in shares of Figma in the 4th quarter worth $214,967,000. Finally, Durable Capital Partners LP acquired a new stake in shares of Figma in the 3rd quarter worth $278,510,000.

About Figma

Figma is a San Francisco–based software company that offers a web-based platform for interface design, prototyping and collaboration. Its flagship product, Figma, enables teams to create and refine user interfaces, vector graphics and design systems directly in a browser, eliminating the need for local installations. The platform’s real-time collaboration features allow multiple stakeholders—designers, developers and product managers—to edit and comment simultaneously, streamlining workflows and reducing version control issues.

In addition to its core design tool, Figma provides FigJam, a digital whiteboarding solution that facilitates brainstorming sessions, wireframing and diagramming.