Key Points
- Figma General Counsel Brendan Mulligan sold 20,701 shares at an average price of $21.74, generating approximately $450,040. The transaction, conducted under a pre-arranged Rule 10b5-1 plan, reduced his holdings by 3.45% to 579,274 shares.
- Figma shares opened at $21.64 and were down 1.3%, with a market capitalization of approximately $9.85 billion. The stock has traded between $16.60 and $71.48 over the past year.
- Figma reported quarterly revenue of $370.08 million, up 48.2% year over year, and adjusted earnings of $0.08 per share versus analyst expectations for a loss. Analysts maintain an average Hold rating with a consensus price target of $32.56.
Figma, Inc. (NYSE:FIG - Get Free Report) CAO Tyler Herb sold 1,418 shares of the business's stock in a transaction that occurred on Monday, October 5th. The stock was sold at an average price of $21.62, for a total value of $30,657.16. Following the transaction, the chief accounting officer directly owned 246,130 shares in the company, valued at $5,321,330.60. This trade represents a 0.57% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through 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 Thursday, September 3rd, Tyler Herb sold 1,416 shares of Figma stock. The stock was sold at an average price of $26.29, for a total value of $37,226.64.
- 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 shares were 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 transaction 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 transaction of $39,936.00.
Figma Trading Down 1.3%
FIG opened at $21.64 on Thursday. The company has a fifty day simple moving average of $24.28 and a 200 day simple moving average of $22.04. The firm has a market cap of $9.85 billion, a price-to-earnings ratio of -5.95 and a beta of 1.32. Figma, Inc. has a twelve month low of $16.60 and a twelve month 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 (EPS) for the quarter, topping 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 business's quarterly revenue was up 48.2% on a year-over-year basis. On average, analysts forecast that Figma, Inc. will post -0.75 earnings per share for the current fiscal year.
Institutional Trading of Figma
Several hedge funds and other institutional investors have recently bought and sold shares of FIG. Parallel Advisors LLC raised its stake in Figma by 3,890.0% during the first quarter. Parallel Advisors LLC now owns 1,197 shares of the company's stock valued at $25,000 after buying an additional 1,167 shares in the last quarter. Sunbelt Securities Inc. increased its holdings in shares of Figma by 287.0% in the 1st quarter. Sunbelt Securities Inc. now owns 2,225 shares of the company's stock valued at $47,000 after acquiring an additional 1,650 shares during the last quarter. Atlantic Private Wealth LLC bought a new stake in shares of Figma in the 1st quarter valued at approximately $74,000. North Star Investment Management Corp. raised its position in shares of Figma by 138.9% during the 1st quarter. North Star Investment Management Corp. now owns 4,300 shares of the company's stock valued at $91,000 after acquiring an additional 2,500 shares in the last quarter. Finally, IFP Advisors Inc raised its position in shares of Figma by 176.1% during the 2nd quarter. IFP Advisors Inc now owns 4,327 shares of the company's stock valued at $78,000 after acquiring an additional 2,760 shares in the last quarter.
Wall Street Analysts Forecast Growth
FIG has been the topic of a number of analyst reports. Royal Bank Of Canada reaffirmed a "sector perform" rating on shares of Figma in a research report on Thursday, August 6th. Weiss Ratings upgraded Figma from a "sell (e+)" rating to a "sell (d-)" rating in a research note on Tuesday. Citigroup lifted their price objective on Figma from $35.00 to $37.00 and gave the stock a "buy" rating in a report on Friday, August 7th. Oppenheimer reaffirmed a "market perform" rating on shares of Figma in a research report on Thursday, June 25th. Finally, Wells Fargo & Company reduced their target price on Figma from $42.00 to $36.00 and set an "overweight" rating for the company in a research note on Friday, June 26th. Four research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $32.56.
Read Our Latest Research Report on Figma
About Figma
(
Get Free Report)
Figma, Inc is a collaborative software company that provides browser-based tools for designing, prototyping and developing digital products. Its platform enables product designers, developers, researchers, marketers and other stakeholders to work together on user interfaces and digital experiences in real time.
The company's product portfolio includes Figma Design for interface design and prototyping, FigJam for collaborative brainstorming and whiteboarding, and Dev Mode, which helps developers inspect designs and translate them into working products.
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