Brendan Mulligan Sells 5,227 Shares of Figma (NYSE:FIG) Stock

Figma, Inc. (NYSE:FIG) General Counsel Brendan Mulligan sold 5,227 shares of Figma stock in a transaction that occurred on Thursday, February 19th. The shares were sold at an average price of $26.00, for a total transaction of $135,902.00. Following the completion of the transaction, the general counsel owned 845,262 shares of the company’s stock, valued at $21,976,812. This trade represents a 0.61% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link.

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

• On Tuesday, February 10th, Brendan Mulligan sold 5,227 shares of Figma stock. The stock was sold at an average price of $25.00, for a total transaction of $130,675.00.
• On Monday, February 2nd, Brendan Mulligan sold 7,671 shares of Figma stock. The shares were sold at an average price of $24.86, for a total transaction of $190,701.06.
• On Thursday, January 15th, Brendan Mulligan sold 5,666 shares of Figma stock. The stock was sold at an average price of $32.02, for a total value of $181,425.32.
• On Monday, January 5th, Brendan Mulligan sold 5,666 shares of Figma stock. The shares were sold at an average price of $37.25, for a total value of $211,058.50.
• On Friday, January 2nd, Brendan Mulligan sold 6,793 shares of Figma stock. The shares were sold at an average price of $37.21, for a total value of $252,767.53.
• On Monday, December 15th, Brendan Mulligan sold 4,392 shares of Figma stock. The stock was sold at an average price of $34.65, for a total value of $152,182.80.
• On Wednesday, December 3rd, Brendan Mulligan sold 4,392 shares of Figma stock. The stock was sold at an average price of $36.68, for a total value of $161,098.56.
• On Monday, December 1st, Brendan Mulligan sold 9,343 shares of Figma stock. The shares were sold at an average price of $35.45, for a total value of $331,209.35.

Figma Price Performance

Shares of Figma stock traded down $1.39 on Monday, reaching $24.70. 26,475,232 shares of the company were exchanged, compared to its average volume of 14,521,347. Figma, Inc. has a 1-year low of $19.85 and a 1-year high of $142.92. The company has a market cap of $10.90 billion and a P/E ratio of -7.92. The stock’s 50 day moving average price is $30.93 and its 200-day moving average price is $46.13.

Figma (NYSE:FIG) last issued its earnings results on Wednesday, February 18th. The company reported $0.08 earnings per share for the quarter, beating the consensus estimate of ($0.20) by $0.28. Figma had a negative net margin of 121.87% and a negative return on equity of 97.03%. The firm had revenue of $303.78 million for the quarter. The firm’s revenue for the quarter was up 40.1% compared to the same quarter last year.

Institutional Trading of Figma

Large investors have recently bought and sold shares of the business. Whittier Trust Co. of Nevada Inc. acquired a new position in Figma in the third quarter valued at $26,000. NewEdge Advisors LLC purchased a new position in shares of Figma during the third quarter worth about $26,000. DV Equities LLC acquired a new position in Figma in the 4th quarter valued at about $26,000. Concord Wealth Partners raised its stake in Figma by 1,446.8% during the 4th quarter. Concord Wealth Partners now owns 727 shares of the company’s stock valued at $27,000 after acquiring an additional 680 shares during the last quarter. Finally, Harbour Investments Inc. lifted its position in Figma by 1,568.2% during the 4th quarter. Harbour Investments Inc. now owns 734 shares of the company’s stock worth $27,000 after acquiring an additional 690 shares during the period.

Analyst Ratings Changes

FIG has been the topic of several recent analyst reports. Weiss Ratings reissued a “sell (e+)” rating on shares of Figma in a report on Monday, December 29th. Stifel Nicolaus lowered their price objective on Figma from $40.00 to $30.00 and set a “hold” rating for the company in a research report on Thursday. Morgan Stanley set a $44.00 price objective on Figma in a report on Thursday. Barclays upgraded Figma to a “neutral” rating in a research note on Thursday, January 8th. Finally, The Goldman Sachs Group set a $35.00 price target on Figma in a report on Thursday. Four investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the stock. According to 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.