Key Points
- Figma CAO Tyler Herb sold 669 shares on Monday at an average price of $23.79, totaling about $15,916. The sale was made under a pre-arranged Rule 10b5-1 trading plan.
- After the transaction, Herb still held 266,824 shares valued at about $6.35 million. The sale represented a modest 0.25% decrease in his ownership.
- Figma recently reported better-than-expected quarterly results, with EPS of $0.10 versus estimates for a loss and revenue up 46.1% year over year. Despite that, analysts currently rate the stock a Hold on average.
Figma, Inc. (NYSE:FIG - Get Free Report) CAO Tyler Herb sold 669 shares of the firm's stock in a transaction on Monday, May 18th. The shares were sold at an average price of $23.79, for a total transaction of $15,915.51. Following the completion of the transaction, the chief accounting officer owned 266,824 shares in the company, valued at $6,347,742.96. The trade was a 0.25% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Tyler Herb also recently made the following trade(s):
- On Tuesday, March 3rd, Tyler Herb sold 1,678 shares of Figma stock. The shares were sold at an average price of $28.47, for a total transaction of $47,772.66.
- On Thursday, February 26th, Tyler Herb sold 1,492 shares of Figma stock. The shares were sold at an average price of $32.00, for a total transaction of $47,744.00.
- On Thursday, February 19th, Tyler Herb sold 1,492 shares of Figma stock. The stock was sold at an average price of $26.00, for a total transaction of $38,792.00.
Figma Trading Down 3.1%
Shares of Figma stock opened at $22.55 on Thursday. The company's fifty day simple moving average is $21.17 and its 200-day simple moving average is $29.24. The company has a market cap of $10.05 billion and a price-to-earnings ratio of -6.57. Figma, Inc. has a 1 year low of $16.60 and a 1 year high of $142.92.
Figma (NYSE:FIG - Get Free Report) last announced its quarterly earnings data on Thursday, May 14th. The company reported $0.10 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.17) by $0.27. The business had revenue of $333.44 million for the quarter. Figma had a negative net margin of 123.83% and a negative return on equity of 98.51%. The business's revenue for the quarter was up 46.1% compared to the same quarter last year. As a group, research analysts forecast that Figma, Inc. will post -0.69 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
A number of research firms have weighed in on FIG. The Goldman Sachs Group set a $35.00 price target on shares of Figma in a research note on Thursday, February 19th. Wall Street Zen upgraded shares of Figma from a "sell" rating to a "hold" rating in a research note on Sunday, February 8th. Weiss Ratings restated a "sell (e+)" rating on shares of Figma in a research note on Tuesday. JPMorgan Chase & Co. reduced their target price on shares of Figma from $45.00 to $42.00 and set a "neutral" rating on the stock in a research note on Friday, May 15th. Finally, Oppenheimer initiated coverage on shares of Figma in a research note on Wednesday, March 25th. They issued a "market perform" rating on the stock. Four research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $38.63.
Read Our Latest Report on Figma
Institutional Trading of Figma
Several institutional investors and hedge funds have recently added to or reduced their stakes in FIG. Harel Insurance Investments & Financial Services Ltd. bought a new stake in Figma during the 3rd quarter worth about $78,000. Rakuten Investment Management Inc. bought a new stake in Figma during the 3rd quarter worth about $4,425,000. Simplicity Wealth LLC bought a new stake in Figma during the 3rd quarter worth about $1,049,000. TrueMark Investments LLC bought a new stake in shares of Figma in the 3rd quarter valued at about $877,000. Finally, Baillie Gifford & Co. bought a new stake in shares of Figma in the 3rd quarter valued at about $154,242,000.
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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