Key Points
- Director Lynn Vojvodich Radakovich sold 15,124 shares on December 15 at an average price of $34.64, a $523,895 transaction that cut her stake by 17.28% to 72,394 shares valued at about $2.51 million.
- Figma beat expectations for the quarter, reporting $0.10 EPS versus a -$1.56 consensus and revenue of $274.17 million, up 38% year‑over‑year.
- Analyst sentiment is mixed with recent price-target cuts; the consensus rating is "Hold" (3 Buys, 7 Holds, 1 Sell) and a consensus target price of $62.86.
Figma, Inc. (NYSE:FIG - Get Free Report) General Counsel Brendan Mulligan sold 4,392 shares of Figma stock in a transaction that occurred on Monday, December 15th. The shares were sold at an average price of $34.65, for a total value of $152,182.80. Following the sale, the general counsel directly owned 881,512 shares in the company, valued at $30,544,390.80. The trade was a 0.50% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link.
Brendan Mulligan also recently made the following trade(s):
- On Wednesday, December 3rd, Brendan Mulligan sold 4,392 shares of Figma stock. The stock was sold at an average price of $36.68, for a total value of $161,098.56.
- On Monday, December 1st, Brendan Mulligan sold 9,343 shares of Figma stock. The shares were sold at an average price of $35.45, for a total value of $331,209.35.
- On Monday, November 17th, Brendan Mulligan sold 4,299 shares of Figma stock. The shares were sold at an average price of $37.29, for a total value of $160,309.71.
- On Wednesday, November 12th, Brendan Mulligan sold 10,000 shares of Figma stock. The stock was sold at an average price of $45.00, for a total value of $450,000.00.
- On Monday, November 10th, Brendan Mulligan sold 80,934 shares of Figma stock. The shares were sold at an average price of $43.47, for a total transaction of $3,518,200.98.
- On Monday, November 3rd, Brendan Mulligan sold 9,526 shares of Figma stock. The stock was sold at an average price of $48.17, for a total transaction of $458,867.42.
Figma Stock Up 1.0%
Shares of Figma stock traded up $0.37 during mid-day trading on Thursday, reaching $37.73. 1,063,353 shares of the stock were exchanged, compared to its average volume of 10,191,559. Figma, Inc. has a fifty-two week low of $32.83 and a fifty-two week high of $142.92. The company has a 50-day simple moving average of $44.83.
Figma (NYSE:FIG - Get Free Report) last issued its quarterly earnings data 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 firm had revenue of $274.17 million for the quarter. The company's revenue was up 38.0% on a year-over-year basis. During the same quarter last year, the company earned $0.04 earnings per share.
Hedge Funds Weigh In On Figma
Institutional investors have recently modified their holdings of the business. SC US Ttgp LTD. acquired a new position in shares of Figma in the 3rd quarter valued at approximately $1,310,305,000. ICONIQ Capital LLC bought a new position in Figma in the third quarter valued at approximately $1,108,879,000. a16z Capital Management L.L.C. bought a new position in Figma in the third quarter valued at approximately $842,687,000. Durable Capital Partners LP acquired a new position in shares of Figma in the third quarter valued at approximately $278,510,000. Finally, Thrive Capital Management LLC bought a new stake in shares of Figma during the third quarter worth $228,034,000.
Analysts Set New Price Targets
A number of research analysts have commented on the company. Zacks Research upgraded Figma to a "hold" rating in a research report on Thursday, August 21st. JPMorgan Chase & Co. reduced their price target 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 restated an "outperform" rating on shares of Figma in a research report on Thursday, September 4th. Morgan Stanley cut their price target on shares of Figma from $80.00 to $70.00 and set an "equal weight" rating on the stock in a research report on Thursday, September 4th. Finally, Wells Fargo & Company decreased their price objective on shares of Figma from $70.00 to $52.00 and set an "equal weight" rating for the company in a report on Wednesday, November 5th. Three investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $62.86.
View Our Latest Stock Analysis on FIG
About Figma
(
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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