Figma (NYSE:FIG) General Counsel Sells $161,098.56 in Stock

Figma, Inc. (NYSE:FIG) General Counsel Brendan Mulligan sold 4,392 shares of the firm’s stock in a transaction that occurred on Wednesday, December 3rd. The stock was sold at an average price of $36.68, for a total transaction of $161,098.56. Following the sale, the general counsel directly owned 885,904 shares of the company’s stock, valued at $32,494,958.72. The trade was a 0.49% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Brendan Mulligan also recently made the following trade(s):

• On Monday, December 1st, Brendan Mulligan sold 9,343 shares of Figma stock. The stock was sold at an average price of $35.45, for a total transaction of $331,209.35.
• On Monday, November 17th, Brendan Mulligan sold 4,299 shares of Figma stock. The stock was sold at an average price of $37.29, for a total transaction of $160,309.71.
• On Wednesday, November 12th, Brendan Mulligan sold 10,000 shares of Figma stock. The stock was sold at an average price of $45.00, for a total transaction of $450,000.00.
• On Monday, November 10th, Brendan Mulligan sold 80,934 shares of Figma stock. The shares were sold at an average price of $43.47, for a total value of $3,518,200.98.
• On Monday, November 3rd, Brendan Mulligan sold 9,526 shares of Figma stock. The shares were sold at an average price of $48.17, for a total value of $458,867.42.

Figma Trading Down 1.9%

Shares of FIG traded down $0.75 during mid-day trading on Friday, hitting $37.96. The stock had a trading volume of 4,993,192 shares, compared to its average volume of 8,331,936. The company’s fifty day moving average price is $47.86. Figma, Inc. has a fifty-two week low of $32.83 and a fifty-two week high of $142.92.

Figma (NYSE:FIG) last announced its quarterly earnings data on Wednesday, November 5th. The company reported $0.10 earnings per share (EPS) for the quarter, topping the consensus estimate of ($1.56) by $1.66. The firm had revenue of $274.17 million for the quarter. During the same quarter in the previous year, the business earned $0.04 EPS. Figma’s revenue was up 38.0% compared to the same quarter last year.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on FIG shares. Bank of America dropped their price objective on shares of Figma from $85.00 to $69.00 and set a “buy” rating on the stock in a research note on Thursday, September 4th. William Blair restated an “outperform” rating on shares of Figma in a research report on Thursday, September 4th. Piper Sandler dropped their target price on Figma from $85.00 to $70.00 and set an “overweight” rating on the stock in a research report on Thursday, November 6th. Wolfe Research assumed coverage on Figma in a research note on Monday, August 25th. They issued a “peer perform” rating on the stock. Finally, Morgan Stanley lowered their price target on shares of Figma from $80.00 to $70.00 and set an “equal weight” rating for the company in a research report on Thursday, September 4th. Three research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Figma currently has an average rating of “Hold” and a consensus price target of $62.86.

Institutional Investors Weigh In On Figma

Several institutional investors have recently bought and sold shares of the stock. SC US Ttgp LTD. bought a new stake in shares of Figma in the 3rd quarter worth approximately $1,310,305,000. ICONIQ Capital LLC bought a new stake in Figma during the third quarter worth approximately $1,108,879,000. a16z Capital Management L.L.C. acquired a new position in Figma in the third quarter worth approximately $842,687,000. Durable Capital Partners LP bought a new position in shares of Figma in the third quarter valued at $278,510,000. Finally, Thrive Capital Management LLC acquired a new stake in shares of Figma during the 3rd quarter valued at $228,034,000.

Figma Company Profile

Figma is where teams come together to turn ideas into the world’s best digital products and experiences. Every day, billions of people around the world use apps, websites, and other digital experiences that are made in Figma. They’re looking up directions on Google Maps; requesting rides with Uber; checking in for flights on JetBlue; streaming shows on Netflix; learning languages with Duolingo; asking questions of Claude; connecting on LinkedIn; buying goods on Mercado Libre; or booking stays and experiences with Airbnb.