FIGS, Inc. (NYSE:FIGS) CFO Sells $617,972.46 in Stock

Key Points

• FIGS, Inc. CFO Sarah Oughtred sold 99,834 shares of the company's stock for a total of $617,972.46, resulting in a 10.21% reduction in her ownership.
• Following recent trading, FIGS stock reached $6.41, showing a 3.8% increase, while the company’s market capitalization is approximately $1.04 billion.
• Several research firms have updated their ratings on FIGS, with Goldman Sachs lowering its price objective to $4.50 and maintaining a "sell" rating.

FIGS, Inc. (NYSE:FIGS - Get Free Report) CFO Sarah Oughtred sold 99,834 shares of the business's stock in a transaction that occurred on Monday, August 4th. The shares were sold at an average price of $6.19, for a total value of $617,972.46. Following the completion of the sale, the chief financial officer owned 878,058 shares of the company's stock, valued at $5,435,179.02. This trade represents a 10.21% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

FIGS Stock Up 3.8%

FIGS stock traded up $0.24 during trading on Wednesday, reaching $6.41. 1,791,014 shares of the company's stock were exchanged, compared to its average volume of 1,884,587. FIGS, Inc. has a 1-year low of $3.57 and a 1-year high of $7.05. The company's fifty day moving average price is $5.66 and its 200-day moving average price is $5.08. The firm has a market cap of $1.04 billion, a PE ratio of 617.00 and a beta of 1.34.

Analyst Ratings Changes

A number of research firms recently issued reports on FIGS. The Goldman Sachs Group boosted their price objective on FIGS from $3.75 to $4.50 and gave the company a "sell" rating in a research report on Tuesday, July 22nd. Morgan Stanley boosted their price objective on FIGS from $4.25 to $5.00 and gave the company an "equal weight" rating in a research report on Monday, July 21st. Telsey Advisory Group restated a "market perform" rating and set a $5.00 price objective on shares of FIGS in a research report on Monday. Finally, Barclays restated a "positive" rating on shares of FIGS in a research report on Tuesday, May 13th.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in FIGS. Bamco Inc. NY lifted its holdings in shares of FIGS by 2.7% in the fourth quarter. Bamco Inc. NY now owns 30,837,759 shares of the company's stock valued at $190,886,000 after buying an additional 807,681 shares during the period. Vanguard Group Inc. lifted its holdings in shares of FIGS by 1.2% in the fourth quarter. Vanguard Group Inc. now owns 12,799,729 shares of the company's stock valued at $79,230,000 after buying an additional 153,836 shares during the period. Ameriprise Financial Inc. lifted its holdings in shares of FIGS by 5.0% in the first quarter. Ameriprise Financial Inc. now owns 12,791,506 shares of the company's stock valued at $58,713,000 after buying an additional 603,340 shares during the period. T. Rowe Price Investment Management Inc. lifted its holdings in shares of FIGS by 1.0% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 10,681,768 shares of the company's stock valued at $66,121,000 after buying an additional 110,472 shares during the period. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of FIGS by 23.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 4,350,572 shares of the company's stock valued at $26,931,000 after buying an additional 827,149 shares during the period. Institutional investors and hedge funds own 92.21% of the company's stock.

FIGS Company Profile

FIGS, Inc operates as a direct-to-consumer healthcare apparel and lifestyle company in the United States and internationally. It designs and sells healthcare apparel and scrubwear and non-scrubwear offerings, such as outerwear, underscrubs, footwear, compression socks, lab coats, loungewear, and other apparel.

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