Insider Selling: Figma (NYSE:FIG) CAO Sells $60,000.00 in Stock

Key Points

• Figma CAO Tyler Herb sold 2,000 shares at an average price of $30, generating $60,000 in proceeds and reducing his ownership by 0.79%. The transaction was conducted under a pre-arranged Rule 10b5-1 trading plan.
• Figma shares recently traded at $27.47, with a market capitalization of approximately $12.5 billion. The stock remains well below its 52-week high of $71.48 but above its 52-week low of $16.60.
• Figma reported quarterly revenue of $370.08 million, up 48.2% year over year, and exceeded earnings expectations. Analysts maintain a consensus “Hold” rating with an average price target of $32.56.

Figma, Inc. (NYSE:FIG - Get Free Report) CAO Tyler Herb sold 2,000 shares of the business's stock in a transaction dated Thursday, August 27th. The stock was sold at an average price of $30.00, for a total transaction of $60,000.00. Following the sale, the chief accounting officer directly owned 252,640 shares in the company, valued at $7,579,200. This trade represents a 0.79% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at 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 Friday, August 21st, Tyler Herb sold 1,840 shares of Figma stock. The shares were sold at an average price of $27.14, for a total value of $49,937.60.
• On Tuesday, August 4th, Tyler Herb sold 709 shares of Figma stock. The shares were 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 transaction of $39,936.00.

Figma Stock Performance

Figma stock traded down $1.35 during midday trading on Monday, reaching $27.47. 19,914,272 shares of the company's stock were exchanged, compared to its average volume of 18,102,666. Figma, Inc. has a 52 week low of $16.60 and a 52 week high of $71.48. The stock's 50-day simple moving average is $23.47 and its 200 day simple moving average is $22.80. The firm has a market cap of $12.50 billion and a price-to-earnings ratio of -7.55.

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, topping 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 for the quarter. During the same period in the previous year, the firm posted $0.09 earnings per share. The firm's revenue was up 48.2% compared to the same quarter last year. Research analysts forecast that Figma, Inc. will post -0.75 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. Bank of America upped their target price on Figma from $30.00 to $33.00 and gave the company a "buy" rating in a research report on Wednesday, August 19th. Oppenheimer restated a "market perform" rating on shares of Figma in a research note on Thursday, June 25th. JPMorgan Chase & Co. decreased their price objective on Figma from $45.00 to $42.00 and set a "neutral" rating on the stock in a report on Friday, May 15th. Royal Bank Of Canada reaffirmed a "sector perform" rating on shares of Figma in a report on Thursday, August 6th. Finally, Citigroup lifted their target price on Figma from $35.00 to $37.00 and gave the stock a "buy" rating in a report on Friday, August 7th. Five analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $32.56.

Institutional Investors Weigh In On Figma

Several institutional investors have recently made changes to their positions in FIG. Amova Asset Management Americas Inc. grew its position in Figma by 641.4% during the 1st quarter. Amova Asset Management Americas Inc. now owns 1,467,887 shares of the company's stock worth $31,031,000 after acquiring an additional 1,269,900 shares during the last quarter. Ieq Capital LLC raised its position in Figma by 1,670.9% in the fourth quarter. Ieq Capital LLC now owns 973,880 shares of the company's stock valued at $36,394,000 after purchasing an additional 918,886 shares during the last quarter. Rokos Capital Management LLP acquired a new stake in shares of Figma during the first quarter valued at about $4,414,000. Greylock XIV GP LLC acquired a new stake in shares of Figma during the second quarter valued at about $1,056,824,403. Finally, Citizens Financial Group Inc. RI bought a new stake in shares of Figma during the first quarter worth about $3,429,000.

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.

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