Figma, Inc. (NYSE:FIG - Get Free Report) CAO Tyler Herb sold 1,416 shares of Figma stock in a transaction dated Thursday, September 3rd. The stock was sold at an average price of $26.29, for a total transaction of $37,226.64. Following the transaction, the chief accounting officer owned 249,386 shares of the company's stock, valued at approximately $6,556,357.94. The trade was a 0.56% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed 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 Thursday, August 27th, Tyler Herb sold 2,000 shares of Figma stock. The shares were sold at an average price of $30.00, for a total transaction of $60,000.00.
- On Friday, August 21st, Tyler Herb sold 1,840 shares of Figma stock. The stock was sold at an average price of $27.14, for a total transaction of $49,937.60.
- 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.
Figma Stock Performance
Shares of NYSE:FIG opened at $22.68 on Wednesday. The business's fifty day moving average price is $24.42 and its two-hundred day moving average price is $22.91. The stock has a market cap of $10.32 billion and a PE ratio of -6.23. Figma, Inc. has a one year low of $16.60 and a one year high of $71.48.
Figma (NYSE:FIG - Get Free Report) last released its quarterly earnings results on Wednesday, August 5th. The company reported $0.08 earnings per share for the quarter, topping analysts' consensus estimates of ($0.22) by $0.30. Figma had a negative return on equity of 100.03% and a negative net margin of 123.15%.The company had revenue of $370.08 million during the quarter. During the same period last year, the firm earned $0.09 earnings per share. The business's revenue was up 48.2% compared to the same quarter last year. As a group, equities research analysts predict that Figma, Inc. will post -0.75 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Figma
Hedge funds have recently modified their holdings of the stock. Amova Asset Management Americas Inc. boosted its holdings in shares of Figma by 641.4% in the 1st quarter. Amova Asset Management Americas Inc. now owns 1,467,887 shares of the company's stock valued at $31,031,000 after purchasing an additional 1,269,900 shares during the last quarter. Ieq Capital LLC increased its holdings in shares of Figma by 1,670.9% during the 4th quarter. Ieq Capital LLC now owns 973,880 shares of the company's stock worth $36,394,000 after buying an additional 918,886 shares during the last quarter. Greylock XIV GP LLC acquired a new stake in shares of Figma during the 2nd quarter worth $1,056,824,403. Rokos Capital Management LLP purchased a new position in shares of Figma in the 1st quarter worth $4,414,000. Finally, Citizens Financial Group Inc. RI purchased a new position in shares of Figma in the 1st quarter worth $3,429,000.
Analyst Ratings Changes
FIG has been the topic of a number of recent research reports. Wells Fargo & Company reduced their target price on shares of Figma from $42.00 to $36.00 and set an "overweight" rating on the stock in a report on Friday, June 26th. Royal Bank Of Canada reissued a "sector perform" rating on shares of Figma in a research report on Thursday, August 6th. Bank of America raised their target price on shares of Figma from $30.00 to $33.00 and gave the stock a "buy" rating in a research report on Wednesday, August 19th. Piper Sandler reiterated an "overweight" rating and issued a $30.00 price target on shares of Figma in a report on Thursday, June 25th. Finally, JPMorgan Chase & Co. reduced their price target on Figma from $45.00 to $42.00 and set a "neutral" rating on the stock in a research note on Friday, May 15th. Four investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Figma presently has an average rating of "Hold" and a consensus price target of $32.56.
Get Our Latest Analysis on FIG
Figma Company Profile
(
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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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