Tyler Herb Sells 1,416 Shares of Figma (NYSE:FIG) Stock

Key Points

• Figma CAO Tyler Herb sold 1,416 shares at an average price of $26.29, generating $37,226.64; the transaction was made under a pre-arranged Rule 10b5-1 plan and reduced his stake by 0.56%.
• Figma shares fell to $22.68, while the company reported quarterly revenue of $370.08 million, up 48.2% year over year, and EPS of $0.08 versus analysts’ expected loss of $0.22.
• Analyst sentiment remains cautious, with a consensus “Hold” rating and an average price target of $32.56; four analysts rate the stock a Buy, eight a Hold and one a Sell.

Figma, Inc. (NYSE:FIG - Get Free Report) CAO Tyler Herb sold 1,416 shares of the business's stock in a transaction dated Thursday, September 3rd. The shares were sold at an average price of $26.29, for a total transaction of $37,226.64. Following the transaction, the chief accounting officer owned 249,386 shares in the company, valued at $6,556,357.94. This represents a 0.56% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Thursday, August 27th, Tyler Herb sold 2,000 shares of Figma stock. The stock was sold at an average price of $30.00, for a total transaction of $60,000.00.
• On Friday, August 21st, Tyler Herb sold 1,840 shares of Figma stock. The stock was sold at an average price of $27.14, for a total transaction 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 stock was sold at an average price of $26.00, for a total value of $39,936.00.

Figma Stock Performance

Shares of NYSE FIG traded down $1.44 during mid-day trading on Tuesday, hitting $22.68. 19,373,201 shares of the stock traded hands, compared to its average volume of 18,009,150. The company has a market cap of $10.32 billion and a price-to-earnings ratio of -6.23. The stock has a fifty day moving average price of $24.33 and a 200-day moving average price of $22.92. Figma, Inc. has a 52 week low of $16.60 and a 52 week high of $71.48.

Figma (NYSE:FIG - Get Free Report) last posted its quarterly earnings data on Wednesday, August 5th. The company reported $0.08 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.22) by $0.30. The business had revenue of $370.08 million during the quarter. Figma had a negative return on equity of 100.03% and a negative net margin of 123.15%.Figma's revenue for the quarter was up 48.2% compared to the same quarter last year. During the same quarter last year, the company posted $0.09 EPS. As a group, sell-side analysts predict that Figma, Inc. will post -0.75 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. Wells Fargo & Company lowered their price target on shares of Figma from $42.00 to $36.00 and set an "overweight" rating for the company in a research report on Friday, June 26th. Royal Bank Of Canada reiterated a "sector perform" rating on shares of Figma in a report on Thursday, August 6th. Oppenheimer reissued a "market perform" rating on shares of Figma in a report on Thursday, June 25th. Stifel Nicolaus set a $25.00 target price on shares of Figma in a research note on Friday, May 15th. Finally, Weiss Ratings upgraded shares of Figma from a "sell (e+)" rating to a "sell (d-)" rating in a report on Thursday, August 27th. Four research 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. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $32.56.

Hedge Funds Weigh In On Figma

A number of hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. bought a new stake in shares of Figma in the third quarter worth approximately $2,282,000. US Bancorp DE purchased a new stake in Figma in the third quarter worth approximately $31,000. Blair William & Co. IL purchased a new stake in Figma in the third quarter worth approximately $460,000. Banque Cantonale Vaudoise bought a new stake in Figma in the 3rd quarter worth approximately $271,000. Finally, Franklin Resources Inc. purchased a new stake in Figma during the 3rd quarter valued at $9,084,000.

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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