Key Points
- Figma CAO Tyler Herb sold 1,850 shares on June 1 for about $48,840 at an average price of $26.40. The sale was made under a pre-arranged 10b5-1 plan to cover tax withholding tied to vesting equity awards.
- After the transaction, Herb still held 263,435 shares valued at roughly $6.95 million, and the sale reduced his position by just 0.70%. He had also sold 669 shares on May 18.
- Figma recently reported better-than-expected quarterly earnings, posting $0.10 EPS versus the expected loss, while revenue rose 46.1% to $333.44 million. Analyst sentiment remains mixed, with the stock carrying an overall Hold rating and an average target price of $38.63.
Figma, Inc. (NYSE:FIG - Get Free Report) CAO Tyler Herb sold 1,850 shares of the stock in a transaction on Monday, June 1st. The stock was sold at an average price of $26.40, for a total value of $48,840.00. Following the completion of the transaction, the chief accounting officer directly owned 263,435 shares of the company's stock, valued at approximately $6,954,684. The trade was a 0.70% decrease in their position. The transaction 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards.
Tyler Herb also recently made the following trade(s):
- On Monday, May 18th, Tyler Herb sold 669 shares of Figma stock. The shares were sold at an average price of $23.79, for a total value of $15,915.51.
Figma Stock Performance
Shares of FIG stock opened at $22.76 on Thursday. Figma, Inc. has a 1 year low of $16.60 and a 1 year high of $142.92. The stock has a market cap of $10.14 billion and a PE ratio of -6.64. The business's fifty day moving average is $20.66 and its 200-day moving average is $27.70.
Figma (NYSE:FIG - Get Free Report) last announced its earnings results on Thursday, May 14th. The company reported $0.10 earnings per share for the quarter, beating the consensus estimate of ($0.17) by $0.27. Figma had a negative return on equity of 98.51% and a negative net margin of 123.83%.The business had revenue of $333.44 million during the quarter. The firm's quarterly revenue was up 46.1% compared to the same quarter last year. Equities research analysts predict that Figma, Inc. will post -0.78 earnings per share for the current year.
Analyst Upgrades and Downgrades
FIG has been the subject of several research reports. Weiss Ratings reaffirmed a "sell (e+)" rating on shares of Figma in a research note on Tuesday, May 19th. Wells Fargo & Company decreased their target price on Figma from $52.00 to $42.00 and set an "overweight" rating for the company in a research note on Thursday, February 19th. Piper Sandler reaffirmed an "overweight" rating and set a $30.00 target price (down from $35.00) on shares of Figma in a research note on Friday, May 15th. Stifel Nicolaus set a $25.00 target price on Figma in a research note on Friday, May 15th. Finally, JPMorgan Chase & Co. decreased their target price on Figma from $45.00 to $42.00 and set a "neutral" rating for the company in a research note on Friday, May 15th. Four analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $38.63.
Check Out Our Latest Research Report on FIG
Hedge Funds Weigh In On Figma
Hedge funds and other institutional investors have recently modified their holdings of the stock. Alphabet Inc. acquired a new position in shares of Figma in the 3rd quarter valued at $11,182,000. Mirae Asset Global Investments Co. Ltd. boosted its position in shares of Figma by 69.3% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 285,055 shares of the company's stock valued at $10,653,000 after purchasing an additional 116,681 shares during the period. Rit Capital Partners PLC acquired a new position in shares of Figma in the 3rd quarter valued at $2,592,000. Freestone Capital Holdings LLC acquired a new position in shares of Figma in the 4th quarter valued at $10,297,000. Finally, Baillie Gifford & Co. boosted its position in shares of Figma by 93.8% in the 4th quarter. Baillie Gifford & Co. now owns 5,763,613 shares of the company's stock valued at $215,386,000 after purchasing an additional 2,789,986 shares during the period.
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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