Figma, Inc. (NYSE:FIG – Get Free Report) CFO Praveer Melwani sold 83,974 shares of the company’s stock in a transaction that occurred on Wednesday, June 3rd. The stock was sold at an average price of $22.77, for a total value of $1,912,087.98. Following the completion of the sale, the chief financial officer owned 1,749,024 shares of the company’s stock, valued at $39,825,276.48. This trade represents a 4.58% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Figma Stock Down 3.5%
FIG traded down $0.78 during trading on Friday, reaching $21.73. The stock had a trading volume of 16,361,734 shares, compared to its average volume of 16,553,553. The firm has a market capitalization of $9.68 billion and a price-to-earnings ratio of -6.33. Figma, Inc. has a 1-year low of $16.60 and a 1-year high of $142.92. The stock has a 50 day moving average of $20.67 and a two-hundred day moving average of $27.59.
Figma (NYSE:FIG – Get Free Report) last announced its quarterly earnings data on Thursday, May 14th. The company reported $0.10 EPS for the quarter, beating analysts’ consensus estimates 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 company had revenue of $333.44 million during the quarter. The company’s revenue was up 46.1% on a year-over-year basis. On average, research analysts forecast that Figma, Inc. will post -0.78 EPS for the current fiscal year.
Institutional Trading of Figma
Analyst Upgrades and Downgrades
A number of brokerages have recently commented on FIG. Wells Fargo & Company cut their price objective on Figma from $52.00 to $42.00 and set an “overweight” rating for the company in a research report on Thursday, February 19th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Figma in a research report on Tuesday, May 19th. Royal Bank Of Canada cut their price objective on Figma from $31.00 to $28.00 and set a “sector perform” rating for the company in a research report on Friday, May 15th. Stifel Nicolaus set a $25.00 price objective on Figma in a research report on Friday, May 15th. Finally, The Goldman Sachs Group set a $35.00 price objective on Figma in a research report on Thursday, February 19th. Four analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Figma presently has an average rating of “Hold” and an average target price of $38.63.
Read Our Latest Analysis on Figma
Figma Company Profile
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.
See Also
- Five stocks we like better than Figma
- AI Server Earnings: Wall Street Sees One Clear Standout
- Navitas: NVIDIA’s AI Power Broker?
- A Lulu of a Miss Sends Lululemon to New Lows—Look Out Below
- NVIDIA’s New Power Play: Why Fluence Is Surging
Receive News & Ratings for Figma Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Figma and related companies with MarketBeat.com's FREE daily email newsletter.
