Figma (NYSE:FIG) CAO Tyler Herb Sells 1,840 Shares

Figma, Inc. (NYSE:FIG) CAO Tyler Herb sold 1,840 shares of the stock in a transaction on Friday, August 21st. The shares were sold at an average price of $27.14, for a total value of $49,937.60. Following the transaction, the chief accounting officer directly owned 254,640 shares of the company’s stock, valued at approximately $6,910,929.60. The trade was a 0.72% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through 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, August 4th, Tyler Herb sold 709 shares of Figma stock. The shares were sold at an average price of $26.00, for a total value of $18,434.00.
• On Monday, August 3rd, Tyler Herb sold 1,536 shares of Figma stock. The stock was sold at an average price of $26.00, for a total value of $39,936.00.
• On Monday, June 1st, Tyler Herb sold 1,850 shares of Figma stock. The shares were sold at an average price of $26.40, for a total value of $48,840.00.

Figma Stock Down 0.5%

Shares of FIG stock opened at $27.30 on Wednesday. The stock has a 50-day simple moving average of $22.87 and a 200 day simple moving average of $22.66. Figma, Inc. has a fifty-two week low of $16.60 and a fifty-two week high of $72.20. The stock has a market capitalization of $12.42 billion and a P/E ratio of -7.50.

Figma (NYSE:FIG) last issued its quarterly earnings results on Wednesday, August 5th. The company reported $0.08 EPS for the quarter, topping the consensus estimate of ($0.22) by $0.30. Figma had a negative net margin of 123.15% and a negative return on equity of 100.03%. The firm had revenue of $370.08 million for the quarter. During the same quarter last year, the firm posted $0.09 earnings per share. Figma’s revenue was up 48.2% compared to the same quarter last year. On average, sell-side analysts anticipate that Figma, Inc. will post -0.75 earnings per share for the current year.

Analysts Set New Price Targets

FIG has been the subject of several recent research reports. Oppenheimer reissued a “market perform” rating on shares of Figma in a research note on Thursday, June 25th. Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of Figma in a report on Thursday, August 6th. Stifel Nicolaus set a $25.00 price objective on Figma in a research note on Friday, May 15th. Weiss Ratings restated a “sell (e+)” rating on shares of Figma in a report on Friday, August 14th. Finally, Piper Sandler reaffirmed an “overweight” rating and set a $30.00 target price on shares of Figma in a research report on Thursday, June 25th. Five analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $32.56.

Institutional Investors Weigh In On Figma

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in FIG. Greylock XIV GP LLC acquired a new stake in shares of Figma during the 2nd quarter valued at about $1,056,824,403,000. a16z Capital Management L.L.C. bought a new position in shares of Figma in the third quarter worth about $842,687,000. Viking Global Investors LP acquired a new position in shares of Figma during the fourth quarter worth approximately $214,967,000. Durable Capital Partners LP bought a new position in Figma during the third quarter worth $278,510,000. Finally, Thrive Capital Management LLC bought a new position in Figma during the third quarter worth $228,034,000.

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.