Key Points
- CFO Praveer Melwani sold 15,781 shares on Dec. 1 at an average price of $35.45 for about $559,436, leaving him with 1,591,139 shares (a 0.98% decrease) as disclosed in an SEC filing.
- The Dec. 1 sale is part of a recent string of insider sales — Melwani sold over 53,000 shares in November and more than 69,000 shares total since early November — indicating significant executive selling activity.
- Figma recently beat quarterly EPS expectations and posted 38% revenue growth, but its shares opened at $37.45 (52‑week range $32.83–$142.92) and carry a consensus analyst rating of "Hold" with an average price target of $62.86.
Figma, Inc. (NYSE:FIG - Get Free Report) CAO Tyler Herb sold 3,073 shares of the company's stock in a transaction dated Monday, December 1st. The stock was sold at an average price of $35.45, for a total transaction of $108,937.85. Following the completion of the transaction, the chief accounting officer owned 205,716 shares of the company's stock, valued at approximately $7,292,632.20. This trade represents a 1.47% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.
Tyler Herb also recently made the following trade(s):
- On Monday, November 17th, Tyler Herb sold 757 shares of Figma stock. The shares were sold at an average price of $38.21, for a total value of $28,924.97.
- On Monday, November 10th, Tyler Herb sold 43,357 shares of Figma stock. The shares were sold at an average price of $43.93, for a total value of $1,904,673.01.
- On Monday, November 3rd, Tyler Herb sold 3,133 shares of Figma stock. The stock was sold at an average price of $48.17, for a total value of $150,916.61.
Figma Trading Up 3.5%
Shares of FIG stock opened at $37.45 on Thursday. Figma, Inc. has a 12-month low of $32.83 and a 12-month high of $142.92. The business's 50 day simple moving average is $48.47.
Figma (NYSE:FIG - Get Free Report) last announced its earnings results on Wednesday, November 5th. The company reported $0.10 earnings per share for the quarter, topping the consensus estimate of ($1.56) by $1.66. The business had revenue of $274.17 million for the quarter. During the same period last year, the firm posted $0.04 earnings per share. Figma's revenue for the quarter was up 38.0% on a year-over-year basis.
Hedge Funds Weigh In On Figma
A number of institutional investors have recently added to or reduced their stakes in the stock. Whittier Trust Co. of Nevada Inc. acquired a new position in Figma during the third quarter worth $26,000. NewEdge Advisors LLC purchased a new position in shares of Figma during the 3rd quarter worth $26,000. Wilmington Savings Fund Society FSB acquired a new position in shares of Figma during the 3rd quarter valued at about $27,000. Sunbelt Securities Inc. purchased a new stake in shares of Figma in the third quarter valued at about $30,000. Finally, US Bancorp DE acquired a new stake in Figma during the third quarter worth about $31,000.
Analysts Set New Price Targets
A number of research analysts recently weighed in on FIG shares. Zacks Research raised shares of Figma to a "hold" rating in a research note on Thursday, August 21st. JPMorgan Chase & Co. decreased their target price on Figma from $65.00 to $60.00 and set a "neutral" rating on the stock in a research report on Thursday, November 6th. William Blair reaffirmed an "outperform" rating on shares of Figma in a research note on Thursday, September 4th. Wolfe Research initiated coverage on Figma in a research report on Monday, August 25th. They set a "peer perform" rating for the company. Finally, The Goldman Sachs Group raised their price objective on Figma from $49.00 to $54.00 and gave the company a "neutral" rating in a report on Friday, November 7th. Three research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $62.86.
View Our Latest Research Report on FIG
Figma Company Profile
(
Get Free Report)
Figma is where teams come together to turn ideas into the world's best digital products and experiences. Every day, billions of people around the world use apps, websites, and other digital experiences that are made in Figma. They're looking up directions on Google Maps; requesting rides with Uber; checking in for flights on JetBlue; streaming shows on Netflix; learning languages with Duolingo; asking questions of Claude; connecting on LinkedIn; buying goods on Mercado Libre; or booking stays and experiences with Airbnb.
Featured Stories
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
