Kris Rasmussen Sells 74,305 Shares of Figma (NYSE:FIG) Stock

Figma, Inc. (NYSE:FIG) CTO Kris Rasmussen sold 74,305 shares of Figma stock in a transaction that occurred on Monday, February 2nd. The stock was sold at an average price of $24.86, for a total value of $1,847,222.30. Following the transaction, the chief technology officer owned 10,624,343 shares in the company, valued at approximately $264,121,166.98. The trade was a 0.69% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Kris Rasmussen also recently made the following trade(s):

• On Monday, January 5th, Kris Rasmussen sold 181,345 shares of Figma stock. The stock was sold at an average price of $37.25, for a total value of $6,755,101.25.
• On Friday, January 2nd, Kris Rasmussen sold 14,252 shares of Figma stock. The stock was sold at an average price of $37.21, for a total value of $530,316.92.
• On Wednesday, December 3rd, Kris Rasmussen sold 177,387 shares of Figma stock. The stock was sold at an average price of $36.71, for a total value of $6,511,876.77.
• On Monday, December 1st, Kris Rasmussen sold 18,211 shares of Figma stock. The shares were sold at an average price of $35.45, for a total transaction of $645,579.95.
• On Wednesday, November 12th, Kris Rasmussen sold 31,715 shares of Figma stock. The shares were sold at an average price of $45.03, for a total transaction of $1,428,126.45.
• On Monday, November 10th, Kris Rasmussen sold 272,789 shares of Figma stock. The stock was sold at an average price of $43.47, for a total transaction of $11,858,137.83.

Figma Price Performance

FIG stock traded up $1.08 during trading on Wednesday, reaching $22.47. 24,151,286 shares of the stock were exchanged, compared to its average volume of 9,452,685. The stock has a 50 day simple moving average of $34.32. Figma, Inc. has a 1 year low of $19.85 and a 1 year high of $142.92.

Figma (NYSE:FIG) last posted its quarterly earnings results on Wednesday, November 5th. The company reported $0.10 earnings per share for the quarter, beating the consensus estimate of ($1.56) by $1.66. The business had revenue of $274.17 million during the quarter. Figma had a negative net margin of 99.32% and a negative return on equity of 84.34%. The business’s quarterly revenue was up 38.0% on a year-over-year basis. During the same period last year, the company earned $0.04 EPS.

Analyst Ratings Changes

Several equities research analysts have issued reports on the company. Wells Fargo & Company upgraded Figma from an “equal weight” rating to an “overweight” rating and set a $52.00 target price on the stock in a research report on Thursday, January 8th. Morgan Stanley lowered their price target on Figma from $65.00 to $48.00 and set an “equal weight” rating for the company in a report on Thursday, January 15th. JPMorgan Chase & Co. reduced their price objective on shares of Figma from $65.00 to $60.00 and set a “neutral” rating on the stock in a report on Thursday, November 6th. Barclays raised shares of Figma to a “neutral” rating in a research report on Thursday, January 8th. Finally, Weiss Ratings reiterated a “sell (e+)” rating on shares of Figma in a research report on Monday, December 29th. Four equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Figma presently has a consensus rating of “Hold” and a consensus price target of $47.75.

Hedge Funds Weigh In On Figma

A number of hedge funds and other institutional investors have recently bought and sold shares of FIG. Rit Capital Partners PLC purchased a new stake in Figma during the 3rd quarter worth approximately $2,592,000. Sumitomo Mitsui Trust Group Inc. purchased a new position in Figma in the 3rd quarter valued at approximately $11,075,000. Rakuten Investment Management Inc. acquired a new position in shares of Figma in the third quarter worth $4,425,000. Baillie Gifford & Co. purchased a new stake in shares of Figma during the third quarter worth $154,242,000. Finally, Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of Figma during the third quarter worth $8,734,000.

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.