Figma, Inc. (NYSE:FIG – Get Free Report) CAO Tyler Herb sold 1,536 shares of the company’s stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $26.00, for a total transaction of $39,936.00. Following the completion of the sale, the chief accounting officer directly owned 257,189 shares of the company’s stock, valued at $6,686,914. The trade was a 0.59% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards.
Tyler Herb also recently made the following trade(s):
- 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 transaction of $48,840.00.
- On Monday, May 18th, Tyler Herb sold 669 shares of Figma stock. The shares were sold at an average price of $23.79, for a total transaction of $15,915.51.
Figma Stock Up 8.8%
Shares of FIG stock traded up $2.20 during midday trading on Tuesday, reaching $27.12. 26,764,674 shares of the company were exchanged, compared to its average volume of 22,974,770. Figma, Inc. has a 12 month low of $16.60 and a 12 month high of $94.00. The company’s 50 day moving average price is $21.61 and its two-hundred day moving average price is $22.83.
Institutional Trading of Figma
Large investors have recently added to or reduced their stakes in the business. SC US Ttgp LTD. boosted its stake in shares of Figma by 5.8% during the 1st quarter. SC US Ttgp LTD. now owns 26,728,171 shares of the company’s stock worth $565,034,000 after acquiring an additional 1,466,851 shares in the last quarter. a16z Capital Management L.L.C. acquired a new stake in Figma during the 3rd quarter worth about $842,687,000. JPMorgan Chase & Co. lifted its stake in Figma by 119.4% during the fourth quarter. JPMorgan Chase & Co. now owns 6,643,939 shares of the company’s stock valued at $248,284,000 after buying an additional 3,615,198 shares in the last quarter. Baillie Gifford & Co. boosted its holdings in shares of Figma by 93.8% in the fourth quarter. Baillie Gifford & Co. now owns 5,763,613 shares of the company’s stock worth $215,386,000 after buying an additional 2,789,986 shares during the period. Finally, Viking Global Investors LP purchased a new position in shares of Figma in the fourth quarter worth approximately $214,967,000.
Wall Street Analysts Forecast Growth
FIG has been the subject of a number of research reports. BTIG Research began coverage on Figma in a research note on Monday, April 13th. They set a “neutral” rating for the company. Wells Fargo & Company dropped their price objective on Figma from $42.00 to $36.00 and set an “overweight” rating on the stock in a research note on Friday, June 26th. Citigroup cut their price objective on Figma from $36.00 to $35.00 and set a “buy” rating for the company in a report on Friday, July 24th. Oppenheimer reaffirmed a “market perform” rating on shares of Figma in a research note on Thursday, June 25th. Finally, Royal Bank Of Canada lowered their target price on Figma from $28.00 to $22.00 and set a “sector perform” rating on the stock in a report on Thursday, June 25th. Five analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $32.56.
Read Our Latest Report 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.
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