Sarah Oughtred Sells 22,690 Shares of FIGS (NYSE:FIGS) Stock

FIGS, Inc. (NYSE:FIGS) CFO Sarah Oughtred sold 22,690 shares of the firm’s stock in a transaction that occurred on Thursday, February 5th. The shares were sold at an average price of $10.56, for a total value of $239,606.40. Following the completion of the sale, the chief financial officer directly owned 821,500 shares of the company’s stock, valued at $8,675,040. The trade was a 2.69% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Sarah Oughtred also recently made the following trade(s):

• On Wednesday, January 7th, Sarah Oughtred sold 10,515 shares of FIGS stock. The shares were sold at an average price of $11.50, for a total value of $120,922.50.

FIGS Stock Down 2.5%

Shares of FIGS opened at $10.47 on Wednesday. The company has a market cap of $1.72 billion, a PE ratio of 104.70 and a beta of 1.29. The business has a fifty day moving average of $11.51 and a 200 day moving average of $8.96. FIGS, Inc. has a 52-week low of $3.57 and a 52-week high of $12.50.

Institutional Investors Weigh In On FIGS

Several large investors have recently added to or reduced their stakes in FIGS. Assetmark Inc. bought a new position in FIGS in the 3rd quarter worth about $35,000. Elevated Capital Advisors LLC purchased a new stake in shares of FIGS in the fourth quarter valued at approximately $45,000. Quarry LP grew its stake in FIGS by 1,876.3% in the third quarter. Quarry LP now owns 7,846 shares of the company’s stock worth $52,000 after purchasing an additional 7,449 shares in the last quarter. Capstone Financial Advisors Inc. purchased a new position in FIGS during the 2nd quarter worth $56,000. Finally, Hudson Bay Capital Management LP bought a new stake in FIGS during the 2nd quarter valued at $61,000. 92.21% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently commented on FIGS. Telsey Advisory Group reiterated a “market perform” rating and set a $9.00 price target (up from $7.00) on shares of FIGS in a report on Monday, November 3rd. BTIG Research boosted their target price on FIGS from $12.00 to $15.00 and gave the company a “buy” rating in a research report on Wednesday, December 10th. Barclays increased their price target on FIGS from $9.00 to $11.00 and gave the stock an “equal weight” rating in a report on Tuesday, January 6th. Weiss Ratings reissued a “hold (c-)” rating on shares of FIGS in a research note on Monday, December 29th. Finally, Wolfe Research upgraded FIGS to a “buy” rating in a report on Wednesday, December 10th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $10.10.

About FIGS

FIGS, Inc operates as a direct-to-consumer designer and retailer of medical apparel and accessories. The company offers a range of products tailored to the needs of healthcare professionals, including scrub sets, lab coats, tops, bottoms, outerwear, footwear, and performance fabrics designed for comfort, durability, and antimicrobial protection. Through its e-commerce platform and a growing network of retail stores, FIGS provides customizable uniforms and accessories with a focus on innovative materials and functional design features such as four-way stretch fabrics, moisture-wicking technology, and multiple secure pockets.

Founded in 2013 by Heather Hasson and Trina Spear, FIGS set out to disrupt the traditional medical uniform market by emphasizing both form and function.