Insider Selling: Figma (NYSE:FIG) CAO Sells 669 Shares of Stock

Figma, Inc. (NYSE:FIG) CAO Tyler Herb sold 669 shares of Figma stock in a transaction that occurred on Monday, May 18th. The shares were sold at an average price of $23.79, for a total value of $15,915.51. Following the sale, the chief accounting officer directly owned 266,824 shares in the company, valued at $6,347,742.96. The trade was a 0.25% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Tyler Herb also recently made the following trade(s):

• On Tuesday, March 3rd, Tyler Herb sold 1,678 shares of Figma stock. The shares were sold at an average price of $28.47, for a total value of $47,772.66.
• On Thursday, February 26th, Tyler Herb sold 1,492 shares of Figma stock. The shares were sold at an average price of $32.00, for a total value of $47,744.00.
• On Thursday, February 19th, Tyler Herb sold 1,492 shares of Figma stock. The shares were sold at an average price of $26.00, for a total value of $38,792.00.

Figma Stock Performance

NYSE FIG traded down $0.72 during trading on Wednesday, reaching $22.55. 17,477,996 shares of the company traded hands, compared to its average volume of 16,328,379. The stock’s 50 day moving average price is $21.33 and its two-hundred day moving average price is $29.43. The company has a market cap of $10.05 billion and a price-to-earnings ratio of -6.57. Figma, Inc. has a 1-year low of $16.60 and a 1-year high of $142.92.

Figma (NYSE:FIG) last released its quarterly earnings data on Thursday, May 14th. The company reported $0.10 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.17) by $0.27. The company had revenue of $333.44 million for the quarter. Figma had a negative return on equity of 98.51% and a negative net margin of 123.83%.The firm’s revenue for the quarter was up 46.1% compared to the same quarter last year. Equities research analysts expect that Figma, Inc. will post -0.69 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. SC US Ttgp LTD. bought a new stake in shares of Figma in the 3rd quarter valued at $1,310,305,000. ICONIQ Capital LLC bought a new stake in shares of Figma in the 3rd quarter valued at $1,108,879,000. a16z Capital Management L.L.C. bought a new stake in shares of Figma in the 3rd quarter valued at $842,687,000. Viking Global Investors LP bought a new stake in shares of Figma in the 4th quarter valued at $214,967,000. Finally, Durable Capital Partners LP bought a new stake in shares of Figma in the 3rd quarter valued at $278,510,000.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on FIG. Oppenheimer began coverage on Figma in a report on Wednesday, March 25th. They issued a “market perform” rating on the stock. Wells Fargo & Company reduced their target price on Figma from $52.00 to $42.00 and set an “overweight” rating on the stock in a report on Thursday, February 19th. Stifel Nicolaus set a $25.00 target price on Figma in a report on Friday, May 15th. BTIG Research began coverage on Figma in a report on Monday, April 13th. They issued a “neutral” rating on the stock. Finally, Piper Sandler reissued an “overweight” rating and issued a $30.00 target price (down from $35.00) on shares of Figma in a report on Friday, May 15th. Four analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $38.63.

About Figma

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.