Insider Selling: Figma (NYSE:FIG) CAO Sells $49,937.60 in Stock

Key Points

• Figma’s chief accounting officer Tyler Herb sold 1,840 shares for $49,937.60 at an average price of $27.14 under a pre-arranged Rule 10b5-1 plan. The sale reduced his holdings by 0.72%, leaving him with 254,640 shares valued at approximately $6.91 million.
• Figma reported quarterly revenue of $370.08 million, up 48.2% year over year, and earnings of $0.08 per share, exceeding analyst expectations of a $0.22-per-share loss. Despite the revenue growth, the company posted a negative net margin of 123.15%.
• Figma shares recently traded near $27.30, while analysts maintained a consensus “Hold” rating with an average price target of $32.56; five analysts rated the stock Buy, eight Hold and one Sell.

Figma, Inc. (NYSE:FIG - Get Free Report) CAO Tyler Herb sold 1,840 shares of the business's stock in a transaction on Friday, August 21st. The shares were sold at an average price of $27.14, for a total transaction of $49,937.60. Following the sale, the chief accounting officer directly owned 254,640 shares in the company, valued at $6,910,929.60. The trade was a 0.72% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Tuesday, August 4th, Tyler Herb sold 709 shares of Figma stock. The stock was sold at an average price of $26.00, for a total value of $18,434.00.
• On Monday, August 3rd, Tyler Herb sold 1,536 shares of Figma stock. The shares were sold at an average price of $26.00, for a total value of $39,936.00.
• On Monday, June 1st, Tyler Herb sold 1,850 shares of Figma stock. The stock was sold at an average price of $26.40, for a total value of $48,840.00.

Figma Stock Performance

NYSE FIG traded down $0.14 during trading hours on Tuesday, hitting $27.30. The company had a trading volume of 10,598,458 shares, compared to its average volume of 18,083,986. Figma, Inc. has a 52 week low of $16.60 and a 52 week high of $72.20. The firm has a 50 day simple moving average of $22.68 and a 200 day simple moving average of $22.63. The firm has a market capitalization of $12.42 billion and a price-to-earnings ratio of -7.50.

Figma (NYSE:FIG - Get Free Report) last posted its earnings results on Wednesday, August 5th. The company reported $0.08 earnings per share for the quarter, beating analysts' consensus estimates of ($0.22) by $0.30. Figma had a negative return on equity of 100.03% and a negative net margin of 123.15%.The business had revenue of $370.08 million during the quarter. During the same period in the previous year, the firm earned $0.09 EPS. The firm's quarterly revenue was up 48.2% compared to the same quarter last year. On average, research analysts forecast that Figma, Inc. will post -0.75 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. Oppenheimer reiterated a "market perform" rating on shares of Figma in a research note on Thursday, June 25th. Citigroup upped their price target on shares of Figma from $35.00 to $37.00 and gave the stock a "buy" rating in a report on Friday, August 7th. Stifel Nicolaus set a $25.00 price objective on Figma in a research report on Friday, May 15th. Piper Sandler reissued an "overweight" rating and set a $30.00 price objective on shares of Figma in a research note on Thursday, June 25th. Finally, Bank of America upped their target price on Figma from $30.00 to $33.00 and gave the stock a "buy" rating in a research note on Wednesday, August 19th. Five analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, Figma currently has a consensus rating of "Hold" and an average price target of $32.56.

Institutional Trading of Figma

A number of hedge funds have recently made changes to their positions in the stock. Greylock XIV GP LLC bought a new position in shares of Figma during the 2nd quarter valued at about $1,056,824,403,000. a16z Capital Management L.L.C. bought a new stake in Figma in the 3rd quarter worth approximately $842,687,000. Viking Global Investors LP purchased a new stake in Figma in the fourth quarter worth approximately $214,967,000. Durable Capital Partners LP bought a new position in Figma during the third quarter valued at approximately $278,510,000. Finally, Thrive Capital Management LLC purchased a new position in shares of Figma during the third quarter worth approximately $228,034,000.

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.

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