Key Points
- CEO Dylan Field sold 174,430 shares of Figma stock on May 29 at an average price of $25.02, totaling about $4.36 million. The sale was made under a pre-arranged Rule 10b5-1 trading plan.
- Figma reported better-than-expected quarterly results, posting earnings of $0.10 per share versus analysts’ estimate of a loss of $0.17. Revenue rose 46.1% year over year to $333.44 million.
- Wall Street sentiment is mixed but cautious: analysts currently have a Hold consensus on the stock, with an average price target of $38.63. The shares recently opened at $24.24, below the consensus target and far under the 1-year high of $142.92.
Figma, Inc. (NYSE:FIG - Get Free Report) CEO Dylan Field sold 174,430 shares of Figma stock in a transaction dated Friday, May 29th. The shares were sold at an average price of $25.02, for a total transaction of $4,364,238.60. The sale was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Figma Price Performance
Shares of FIG opened at $24.24 on Wednesday. Figma, Inc. has a 1-year low of $16.60 and a 1-year high of $142.92. The company has a 50-day moving average of $20.66 and a 200 day moving average of $27.97. The firm has a market capitalization of $10.80 billion and a price-to-earnings ratio of -7.07.
Figma (NYSE:FIG - Get Free Report) last announced its quarterly earnings data on Thursday, May 14th. The company reported $0.10 earnings per share for the quarter, beating analysts' consensus estimates of ($0.17) by $0.27. Figma had a negative net margin of 123.83% and a negative return on equity of 98.51%. The company had revenue of $333.44 million during the quarter. The company's revenue for the quarter was up 46.1% on a year-over-year basis. On average, equities analysts anticipate that Figma, Inc. will post -0.7 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
A number of research analysts have commented on the stock. Oppenheimer assumed coverage on shares of Figma in a research report on Wednesday, March 25th. They set a "market perform" rating on the stock. Wells Fargo & Company cut their target price on shares of Figma from $52.00 to $42.00 and set an "overweight" rating on the stock in a research report on Thursday, February 19th. Piper Sandler reissued an "overweight" rating and set a $30.00 target price (down from $35.00) on shares of Figma in a research report on Friday, May 15th. JPMorgan Chase & Co. cut their target price on shares of Figma from $45.00 to $42.00 and set a "neutral" rating on the stock in a research report on Friday, May 15th. Finally, The Goldman Sachs Group set a $35.00 target price on shares of Figma in a research report on Thursday, February 19th. Four analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $38.63.
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Institutional Inflows and Outflows
Institutional investors and hedge funds have recently modified their holdings of the company. Truist Financial Corp acquired a new stake in Figma in the 3rd quarter worth approximately $314,000. Federated Hermes Inc. acquired a new stake in Figma in the 3rd quarter worth approximately $3,631,000. TD Waterhouse Canada Inc. acquired a new stake in Figma in the 3rd quarter worth approximately $553,000. Jones Financial Companies Lllp acquired a new stake in Figma in the 3rd quarter worth approximately $107,000. Finally, Rit Capital Partners PLC acquired a new stake in Figma in the 3rd quarter worth approximately $2,592,000.
Figma Company Profile
(
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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