Key Points
- Kris Rasmussen, Figma's CTO, sold 177,387 shares on Dec. 3 at an average price of $36.71 for about $6.51M and has sold additional blocks in Nov–Dec (including 272,789 shares on Nov. 10), reducing his stake by 1.6% to 10,894,245 shares valued at ~$399.9M.
- Figma stock opened at $37.96 and trades below its 50‑day average ($47.86) with a 12‑month range of $32.83–$142.92; analysts have a consensus "Hold" rating (average target $62.86) after Figma beat Q3 EPS estimates and reported 38% year‑over‑year revenue growth.
Figma, Inc. (NYSE:FIG - Get Free Report) CAO Tyler Herb sold 2,310 shares of the company's stock in a transaction on Wednesday, December 3rd. The stock was sold at an average price of $36.60, for a total transaction of $84,546.00. Following the completion of the transaction, the chief accounting officer directly owned 203,406 shares of the company's stock, valued at approximately $7,444,659.60. The trade was a 1.12% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.
Tyler Herb also recently made the following trade(s):
- On Monday, December 1st, Tyler Herb sold 3,073 shares of Figma stock. The shares were sold at an average price of $35.45, for a total value of $108,937.85.
- 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 stock was 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 shares were sold at an average price of $48.17, for a total value of $150,916.61.
Figma Price Performance
NYSE:FIG opened at $37.96 on Friday. Figma, Inc. has a twelve month low of $32.83 and a twelve month high of $142.92. The business's 50 day moving average price is $47.86.
Figma (NYSE:FIG - Get Free Report) last announced its quarterly earnings data on Wednesday, November 5th. The company reported $0.10 EPS for the quarter, topping analysts' consensus estimates of ($1.56) by $1.66. The business had revenue of $274.17 million during the quarter. During the same quarter in the previous year, the company posted $0.04 earnings per share. The firm's quarterly revenue was up 38.0% compared to the same quarter last year.
Hedge Funds Weigh In On Figma
A number of institutional investors have recently bought and sold shares of FIG. Voya Investment Management LLC bought a new stake in Figma in the third quarter valued at approximately $3,412,000. VERITY Wealth Advisors acquired a new position in shares of Figma during the 3rd quarter worth approximately $519,000. Tripletail Wealth Management LLC bought a new stake in Figma in the 3rd quarter valued at $53,000. Renaissance Capital LLC acquired a new stake in Figma during the 3rd quarter valued at $2,439,000. Finally, SOA Wealth Advisors LLC. bought a new position in Figma during the third quarter worth $39,000.
Analyst Upgrades and Downgrades
Several brokerages have commented on FIG. Wells Fargo & Company cut their price target on shares of Figma from $70.00 to $52.00 and set an "equal weight" rating on the stock in a research report on Wednesday, November 5th. Royal Bank Of Canada dropped their target price on Figma from $75.00 to $65.00 and set a "sector perform" rating on the stock in a report on Thursday, September 4th. JPMorgan Chase & Co. reduced their price target on Figma from $65.00 to $60.00 and set a "neutral" rating for the company in a research report on Thursday, November 6th. Weiss Ratings reaffirmed a "sell (e+)" rating on shares of Figma in a research report on Monday. Finally, Morgan Stanley cut their price objective on Figma from $80.00 to $70.00 and set an "equal weight" rating for the company in a report on Thursday, September 4th. Three research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $62.86.
Check Out Our Latest Research Report on Figma
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.
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