Key Points
- Figma CAO Tyler Herb sold 2,000 shares on August 27 at an average price of $30, generating $60,000. The sale was conducted under a pre-arranged Rule 10b5-1 plan, leaving Herb with 252,640 shares.
- Figma reported quarterly revenue of $370.08 million, up 48.2% year over year, and adjusted earnings of $0.08 per share, exceeding the consensus estimate of a $0.22 loss. However, the company posted a negative net margin of 123.15%.
- Analysts maintain a consensus “Hold” rating with an average price target of $32.56; Figma shares opened at $27.47, with a market capitalization of approximately $12.5 billion.
Figma, Inc. (NYSE:FIG - Get Free Report) CAO Tyler Herb sold 2,000 shares of the company's stock in a transaction dated Thursday, August 27th. The stock was sold at an average price of $30.00, for a total value of $60,000.00. Following the completion of the transaction, the chief accounting officer directly owned 252,640 shares of the company's stock, valued at $7,579,200. The trade was a 0.79% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Tyler Herb also recently made the following trade(s):
- On Friday, August 21st, Tyler Herb sold 1,840 shares of Figma stock. The shares were sold at an average price of $27.14, for a total value of $49,937.60.
- On Tuesday, August 4th, Tyler Herb sold 709 shares of Figma stock. The shares were 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 stock was sold at an average price of $26.00, for a total value of $39,936.00.
Figma Price Performance
Shares of NYSE:FIG opened at $27.47 on Tuesday. Figma, Inc. has a 1 year low of $16.60 and a 1 year high of $71.48. The firm has a market capitalization of $12.50 billion and a price-to-earnings ratio of -7.55. The business's 50 day moving average price is $23.64 and its 200-day moving average price is $22.83.
Figma (NYSE:FIG - Get Free Report) last issued its quarterly earnings results on Wednesday, August 5th. The company reported $0.08 EPS for the quarter, topping the consensus estimate of ($0.22) by $0.30. The company had revenue of $370.08 million during the quarter. Figma had a negative net margin of 123.15% and a negative return on equity of 100.03%. Figma's revenue was up 48.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.09 EPS. On average, sell-side analysts expect that Figma, Inc. will post -0.75 earnings per share for the current year.
Analysts Set New Price Targets
A number of research firms have recently commented on FIG. Oppenheimer reissued a "market perform" rating on shares of Figma in a research note on Thursday, June 25th. Stifel Nicolaus set a $25.00 price objective on Figma in a report on Friday, May 15th. Wells Fargo & Company cut their price objective on Figma from $42.00 to $36.00 and set an "overweight" rating for the company in a research note on Friday, June 26th. Bank of America increased their target price on Figma from $30.00 to $33.00 and gave the company a "buy" rating in a report on Wednesday, August 19th. Finally, Citigroup raised their target price on Figma from $35.00 to $37.00 and gave the company a "buy" rating in a research report on Friday, August 7th. 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 currently has a consensus rating of "Hold" and a consensus price target of $32.56.
Check Out Our Latest Research Report on FIG
Hedge Funds Weigh In On Figma
Institutional investors and hedge funds have recently bought and sold shares of the business. Parallel Advisors LLC grew its stake in Figma by 3,890.0% during the 1st quarter. Parallel Advisors LLC now owns 1,197 shares of the company's stock valued at $25,000 after acquiring an additional 1,167 shares in the last quarter. NewEdge Advisors LLC purchased a new position in Figma in the 3rd quarter worth approximately $26,000. DV Equities LLC purchased a new position in Figma in the 4th quarter worth approximately $26,000. Harbour Investments Inc. boosted its holdings in shares of Figma by 1,568.2% during the 4th quarter. Harbour Investments Inc. now owns 734 shares of the company's stock worth $27,000 after purchasing an additional 690 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB acquired a new position in shares of Figma during the 3rd quarter worth approximately $27,000.
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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