Insider Selling: Figma (NYSE:FIG) CAO Sells 1,678 Shares of Stock

Key Points

• Tyler Herb, Figma’s CAO, sold 1,678 shares on March 3 at an average price of $28.47 (≈$47,772), reducing his position by 0.88% to 188,913 shares valued at about $5.38M.
• Figma beat EPS estimates (EPS $0.08 vs. -$0.20) with revenue up 40.1% to $303.78M, but remains deeply unprofitable (net margin -121.87%, negative ROE); the stock trades near $30 with a consensus Hold rating and a $43.25 price target.

Figma, Inc. (NYSE:FIG - Get Free Report) CAO Tyler Herb sold 1,678 shares of the firm's stock in a transaction dated Tuesday, March 3rd. The shares were sold at an average price of $28.47, for a total value of $47,772.66. Following the transaction, the chief accounting officer owned 188,913 shares of the company's stock, valued at approximately $5,378,353.11. The trade was a 0.88% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

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

• On Thursday, February 26th, Tyler Herb sold 1,492 shares of Figma stock. The shares were sold at an average price of $32.00, for a total transaction of $47,744.00.
• On Thursday, February 19th, Tyler Herb sold 1,492 shares of Figma stock. The stock was sold at an average price of $26.00, for a total value of $38,792.00.
• On Monday, February 2nd, Tyler Herb sold 2,232 shares of Figma stock. The shares were 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 stock was sold at an average price of $37.21, for a total value of $89,601.68.

Figma Stock Performance

NYSE FIG traded up $0.60 on Thursday, hitting $30.24. 14,137,547 shares of the stock were exchanged, compared to its average volume of 15,104,380. Figma, Inc. has a 52-week low of $19.85 and a 52-week high of $142.92. The firm has a market capitalization of $13.34 billion and a P/E ratio of -9.69. The stock has a fifty day moving average price of $29.56 and a two-hundred day moving average price of $43.49.

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

Institutional Investors Weigh In On Figma

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Gladstone Capital Management LLP increased its position in Figma by 2.9% during the fourth quarter. Gladstone Capital Management LLP now owns 17,081 shares of the company's stock worth $638,000 after acquiring an additional 481 shares during the period. Whittier Trust Co. of Nevada Inc. acquired a new position in shares of Figma during the third quarter valued at about $26,000. NewEdge Advisors LLC acquired a new position in shares of Figma during the third quarter valued at about $26,000. Wilmington Savings Fund Society FSB bought a new stake in shares of Figma in the third quarter valued at about $27,000. Finally, Charles Schwab Investment Management Inc. grew its position in Figma by 3.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 15,212 shares of the company's stock worth $568,000 after buying an additional 559 shares in the last quarter.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. Barclays raised Figma to a "neutral" rating in a research report on Thursday, January 8th. Wall Street Zen raised Figma from a "sell" rating to a "hold" rating in a research note on Sunday, February 8th. JPMorgan Chase & Co. dropped their target price on shares of Figma from $65.00 to $60.00 and set a "neutral" rating for the company in a report on Thursday, November 6th. Weiss Ratings restated a "sell (e+)" rating on shares of Figma in a report on Monday, December 29th. Finally, Stifel Nicolaus cut their price target on Figma from $40.00 to $30.00 and set a "hold" rating for the company in a report on Thursday, February 19th. Four investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $43.25.

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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