Figma (NYSE:FIG) CRO Shaunt Voskanian Sells 8,554 Shares of Stock

Figma, Inc. (NYSE:FIGGet Free Report) CRO Shaunt Voskanian sold 8,554 shares of the company’s stock in a transaction dated Wednesday, February 25th. The stock was sold at an average price of $30.00, for a total value of $256,620.00. Following the completion of the sale, the executive owned 1,580,181 shares of the company’s stock, valued at approximately $47,405,430. The trade was a 0.54% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Shaunt Voskanian also recently made the following trade(s):

  • On Monday, February 2nd, Shaunt Voskanian sold 3,828 shares of Figma stock. The shares were sold at an average price of $24.86, for a total transaction of $95,164.08.
  • On Monday, January 5th, Shaunt Voskanian sold 8,449 shares of Figma stock. The shares were sold at an average price of $37.24, for a total transaction of $314,640.76.
  • On Friday, January 2nd, Shaunt Voskanian sold 3,933 shares of Figma stock. The shares were sold at an average price of $37.21, for a total value of $146,346.93.
  • On Wednesday, December 3rd, Shaunt Voskanian sold 6,305 shares of Figma stock. The stock was sold at an average price of $36.68, for a total value of $231,267.40.
  • On Monday, December 1st, Shaunt Voskanian sold 6,076 shares of Figma stock. The shares were sold at an average price of $35.45, for a total value of $215,394.20.

Figma Price Performance

FIG stock opened at $29.39 on Friday. Figma, Inc. has a 1-year low of $19.85 and a 1-year high of $142.92. The business has a 50 day simple moving average of $30.10 and a two-hundred day simple moving average of $44.82. The company has a market capitalization of $12.96 billion and a price-to-earnings ratio of -9.42.

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

Institutional Investors Weigh In On Figma

A number of hedge funds have recently made changes to their positions in FIG. Cosmic Management LLC purchased a new position in Figma in the fourth quarter valued at about $151,535,000. Walser Wealth Management Company A Ltd Liability Co purchased a new position in shares of Figma in the fourth quarter worth about $373,000. Compound Planning Inc. purchased a new position in Figma during the 4th quarter worth approximately $34,057,000. Mercer Global Advisors Inc. ADV raised its holdings in shares of Figma by 766.8% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 66,191 shares of the company’s stock worth $2,474,000 after purchasing an additional 58,555 shares during the last quarter. Finally, Beacon Pointe Advisors LLC lifted its holdings in shares of Figma by 301.7% in the 4th quarter. Beacon Pointe Advisors LLC now owns 34,086 shares of the company’s stock valued at $1,274,000 after buying an additional 25,600 shares during the period.

Analysts Set New Price Targets

Several equities analysts have commented on FIG shares. Weiss Ratings reiterated a “sell (e+)” rating on shares of Figma in a research report on Monday, December 29th. Wall Street Zen raised Figma from a “sell” rating to a “hold” rating in a research note on Sunday, February 8th. Piper Sandler restated an “overweight” rating and set a $35.00 price target on shares of Figma in a report on Thursday, February 19th. Royal Bank Of Canada dropped their target price on Figma from $38.00 to $31.00 and set a “sector perform” rating for the company in a research report on Thursday, February 19th. Finally, Barclays raised Figma to a “neutral” rating in a research note on Thursday, January 8th. Four equities 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’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $43.25.

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Figma Company Profile

(Get Free Report)

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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