Figma (NYSE:FIG) CAO Tyler Herb Sells 1,492 Shares

Key Points

• Tyler Herb, Figma's CAO, sold 1,492 shares on Feb. 19 at an average price of $26 for $38,792, leaving him with 194,434 shares (a ~0.76% reduction, valued at about $5.06M).
• Figma beat EPS estimates this quarter ($0.08 vs. consensus -$0.20) and posted revenue of $303.78M (+40.1% YoY), but remains deeply unprofitable with a -121.87% net margin and -97.03% ROE.
• Shares traded down 5.3% to $24.70 on heavy volume (market cap ≈ $10.9B) as several analysts trimmed targets; consensus rating is Hold with an average target of $43.25.

Figma, Inc. (NYSE:FIG - Get Free Report) CAO Tyler Herb sold 1,492 shares of the business's stock in a transaction on Thursday, February 19th. The stock was sold at an average price of $26.00, for a total transaction of $38,792.00. Following the completion of the sale, the chief accounting officer directly owned 194,434 shares in the company, valued at approximately $5,055,284. This represents a 0.76% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

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

• On Monday, February 2nd, Tyler Herb sold 2,232 shares of Figma stock. The stock was sold at an average price of $24.86, for a total value of $55,487.52.
• On Monday, January 5th, Tyler Herb sold 2,840 shares of Figma stock. The stock was sold at an average price of $37.15, for a total value of $105,506.00.
• On Friday, January 2nd, Tyler Herb sold 2,408 shares of Figma stock. The shares were sold at an average price of $37.21, for a total value of $89,601.68.
• On Wednesday, December 3rd, Tyler Herb sold 2,310 shares of Figma stock. The stock was sold at an average price of $36.60, for a total value of $84,546.00.
• On Monday, December 1st, Tyler Herb sold 3,073 shares of Figma stock. The stock was sold at an average price of $35.45, for a total value of $108,937.85.

Figma Trading Down 5.3%

NYSE:FIG traded down $1.39 on Monday, reaching $24.70. 26,477,328 shares of the stock traded hands, compared to its average volume of 14,521,487. The firm has a market capitalization of $10.90 billion and a price-to-earnings ratio of -7.92. The company's 50 day moving average is $30.93 and its 200-day moving average is $46.13. Figma, Inc. has a 1-year low of $19.85 and a 1-year high of $142.92.

Figma (NYSE:FIG - Get Free Report) last issued its quarterly earnings results on Wednesday, February 18th. The company reported $0.08 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.20) by $0.28. Figma had a negative net margin of 121.87% and a negative return on equity of 97.03%. The firm had revenue of $303.78 million for the quarter. The business's quarterly revenue was up 40.1% on a year-over-year basis.

Analyst Ratings Changes

FIG has been the subject of several recent analyst reports. Morgan Stanley set a $44.00 target price on Figma in a research note on Thursday. Stifel Nicolaus reduced their price objective on shares of Figma from $40.00 to $30.00 and set a "hold" rating for the company in a report on Thursday. Wells Fargo & Company decreased their price target on Figma from $52.00 to $42.00 and set an "overweight" rating for the company in a report on Thursday. Royal Bank Of Canada decreased their price objective on shares of Figma from $38.00 to $31.00 and set a "sector perform" rating for the company in a research note on Thursday. Finally, JPMorgan Chase & Co. dropped their target price on shares of Figma from $65.00 to $60.00 and set a "neutral" rating on the stock in a research report on Thursday, November 6th. Four analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, Figma presently has a consensus rating of "Hold" and an average target price of $43.25.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Whittier Trust Co. of Nevada Inc. purchased a new stake in shares of Figma during the 3rd quarter worth approximately $26,000. NewEdge Advisors LLC bought a new position in Figma during the third quarter valued at $26,000. DV Equities LLC purchased a new stake in Figma in the fourth quarter worth $26,000. Concord Wealth Partners raised its stake in shares of Figma by 1,446.8% in the fourth quarter. Concord Wealth Partners now owns 727 shares of the company's stock valued at $27,000 after buying an additional 680 shares during the period. Finally, Harbour Investments Inc. lifted its position in shares of Figma by 1,568.2% during the 4th quarter. Harbour Investments Inc. now owns 734 shares of the company's stock valued at $27,000 after buying an additional 690 shares during the last quarter.

Figma Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.