Figma, Inc. (NYSE:FIG - Get Free Report) CAO Tyler Herb sold 1,840 shares of the company's stock in a transaction that occurred on Friday, August 21st. The shares were sold at an average price of $27.14, for a total value of $49,937.60. Following the completion of the transaction, the chief accounting officer directly owned 254,640 shares of the company's stock, valued at approximately $6,910,929.60. This trade represents a 0.72% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Tyler Herb also recently made the following trade(s):
- On Tuesday, August 4th, Tyler Herb sold 709 shares of Figma stock. The stock was sold at an average price of $26.00, for a total value of $18,434.00.
- On Monday, August 3rd, Tyler Herb sold 1,536 shares of Figma stock. The shares were sold at an average price of $26.00, for a total value of $39,936.00.
- On Monday, June 1st, Tyler Herb sold 1,850 shares of Figma stock. The shares were sold at an average price of $26.40, for a total value of $48,840.00.
Figma Price Performance
Shares of FIG stock opened at $27.30 on Wednesday. The stock has a market cap of $12.42 billion and a P/E ratio of -7.50. Figma, Inc. has a one year low of $16.60 and a one year high of $72.20. The stock has a fifty day moving average price of $22.87 and a 200 day moving average price of $22.66.
Figma (NYSE:FIG - Get Free Report) last announced its quarterly earnings results on Wednesday, August 5th. The company reported $0.08 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.22) by $0.30. Figma had a negative net margin of 123.15% and a negative return on equity of 100.03%. The firm had revenue of $370.08 million for the quarter. During the same period last year, the firm earned $0.09 EPS. The company's quarterly revenue was up 48.2% compared to the same quarter last year. Equities research analysts anticipate that Figma, Inc. will post -0.75 EPS for the current year.
Hedge Funds Weigh In On Figma
A number of institutional investors and hedge funds have recently added to or reduced their stakes in FIG. California State Teachers Retirement System bought a new stake in Figma during the second quarter worth about $32,766,000. Atlantic Private Wealth LLC boosted its holdings in shares of Figma by 85.7% in the 2nd quarter. Atlantic Private Wealth LLC now owns 6,500 shares of the company's stock worth $118,000 after acquiring an additional 3,000 shares in the last quarter. Guardian Wealth Advisors LLC NC boosted its holdings in shares of Figma by 94.9% in the 2nd quarter. Guardian Wealth Advisors LLC NC now owns 66,123 shares of the company's stock worth $1,196,000 after acquiring an additional 32,198 shares in the last quarter. Resolute Advisors LLC grew its position in Figma by 5.1% during the 2nd quarter. Resolute Advisors LLC now owns 27,133 shares of the company's stock worth $491,000 after acquiring an additional 1,320 shares during the last quarter. Finally, Kerrisdale Advisers LLC acquired a new stake in Figma during the 2nd quarter valued at $824,000.
Wall Street Analysts Forecast Growth
Several research analysts recently issued reports on FIG shares. Stifel Nicolaus set a $25.00 price target on shares of Figma in a research report on Friday, May 15th. Bank of America upped their price objective on Figma from $30.00 to $33.00 and gave the company a "buy" rating in a research note on Wednesday, August 19th. JPMorgan Chase & Co. dropped their target price on Figma from $45.00 to $42.00 and set a "neutral" rating for the company in a report on Friday, May 15th. Wells Fargo & Company cut their target price on Figma from $42.00 to $36.00 and set an "overweight" rating for the company in a research report on Friday, June 26th. Finally, Piper Sandler reiterated an "overweight" rating and issued a $30.00 price target on shares of Figma in a research report on Thursday, June 25th. Five investment 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. According to data from MarketBeat, Figma presently has a consensus rating of "Hold" and a consensus price target of $32.56.
Check Out Our Latest Stock Report on Figma
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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