Key Points
- Brendan Mulligan, Figma’s General Counsel, sold 5,227 shares on Feb. 19 at an average of $26 (≈$135,902); this is part of a string of recent insider sales that reduced his stake by 0.61%, though he still holds 845,262 shares (≈$21.98M).
- Figma reported better-than-expected quarterly results—EPS $0.08 vs. -$0.20 and revenue of $303.78M (up 40.1% YoY)—but the company still has negative net margin and ROE, a market cap of about $10.9B, and a consensus analyst rating of "Hold" with a $43.25 price target.
Figma, Inc. (NYSE:FIG - Get Free Report) General Counsel Brendan Mulligan sold 5,227 shares of the company's stock in a transaction that occurred on Thursday, February 19th. The stock was sold at an average price of $26.00, for a total transaction of $135,902.00. Following the sale, the general counsel directly owned 845,262 shares in the company, valued at approximately $21,976,812. The trade was a 0.61% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
Brendan Mulligan also recently made the following trade(s):
- On Tuesday, February 10th, Brendan Mulligan sold 5,227 shares of Figma stock. The shares were sold at an average price of $25.00, for a total transaction of $130,675.00.
- On Monday, February 2nd, Brendan Mulligan sold 7,671 shares of Figma stock. The stock was sold at an average price of $24.86, for a total transaction of $190,701.06.
- On Thursday, January 15th, Brendan Mulligan sold 5,666 shares of Figma stock. The shares were sold at an average price of $32.02, for a total value of $181,425.32.
- On Monday, January 5th, Brendan Mulligan sold 5,666 shares of Figma stock. The shares were sold at an average price of $37.25, for a total value of $211,058.50.
- On Friday, January 2nd, Brendan Mulligan sold 6,793 shares of Figma stock. The stock was sold at an average price of $37.21, for a total value of $252,767.53.
- On Monday, December 15th, Brendan Mulligan sold 4,392 shares of Figma stock. The stock was sold at an average price of $34.65, for a total value of $152,182.80.
- On Wednesday, December 3rd, Brendan Mulligan sold 4,392 shares of Figma stock. The shares were 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 stock was sold at an average price of $35.45, for a total value of $331,209.35.
Figma Stock Performance
FIG stock opened at $24.70 on Tuesday. The company's 50 day moving average price is $30.72 and its 200 day moving average price is $45.75. The firm has a market capitalization of $10.90 billion and a price-to-earnings ratio of -7.92. Figma, Inc. has a fifty-two week low of $19.85 and a fifty-two week high of $142.92.
Figma (NYSE:FIG - Get Free Report) last issued its quarterly earnings results on Wednesday, February 18th. The company reported $0.08 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.20) by $0.28. Figma had a negative net margin of 121.87% and a negative return on equity of 97.03%. The company had revenue of $303.78 million during the quarter. The company's quarterly revenue was up 40.1% compared to the same quarter last year.
Institutional Trading of Figma
A number of large investors have recently made changes to their positions in FIG. Alphabet Inc. acquired a new stake in Figma in the third quarter valued at about $11,182,000. Rit Capital Partners PLC purchased a new position in shares of Figma during the 3rd quarter worth approximately $2,592,000. Sumitomo Mitsui Trust Group Inc. acquired a new stake in shares of Figma in the 3rd quarter valued at approximately $11,075,000. Rakuten Investment Management Inc. purchased a new stake in shares of Figma in the third quarter valued at approximately $4,425,000. Finally, Baillie Gifford & Co. purchased a new stake in shares of Figma in the third quarter valued at approximately $154,242,000.
Analyst Upgrades and Downgrades
Several equities analysts recently commented on FIG shares. Piper Sandler reissued an "overweight" rating and issued a $35.00 target price on shares of Figma in a report on Thursday, February 19th. Wells Fargo & Company lowered their price objective on Figma from $52.00 to $42.00 and set an "overweight" rating for the company in a research report on Thursday. Royal Bank Of Canada cut their target price on Figma from $38.00 to $31.00 and set a "sector perform" rating on the stock in a research report on Thursday. Weiss Ratings restated a "sell (e+)" rating on shares of Figma in a research note on Monday, December 29th. Finally, Stifel Nicolaus dropped their price target on shares of Figma from $40.00 to $30.00 and set a "hold" rating on the stock in a research note on Thursday. Four equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $43.25.
Read Our Latest Report on FIG
About Figma
(
Get Free Report)
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.
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