Tyler Herb Sells 757 Shares of Figma (NYSE:FIG) Stock

Figma, Inc. (NYSE:FIG) CAO Tyler Herb sold 757 shares of the business’s stock in a transaction on Monday, November 17th. The shares were sold at an average price of $38.21, for a total transaction of $28,924.97. Following the transaction, the chief accounting officer owned 208,789 shares of the company’s stock, valued at $7,977,827.69. This trade represents a 0.36% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Tyler Herb also recently made the following trade(s):

• On Monday, November 10th, Tyler Herb sold 43,357 shares of Figma stock. The stock was sold at an average price of $43.93, for a total value of $1,904,673.01.
• On Monday, November 3rd, Tyler Herb sold 3,133 shares of Figma stock. The stock was sold at an average price of $48.17, for a total value of $150,916.61.

Figma Stock Down 2.9%

NYSE:FIG traded down $1.07 during midday trading on Wednesday, reaching $35.69. 6,558,367 shares of the stock traded hands, compared to its average volume of 9,999,674. The business has a fifty day moving average of $52.50. Figma, Inc. has a 12 month low of $35.50 and a 12 month high of $142.92.

Figma (NYSE:FIG) last issued its quarterly earnings data on Wednesday, November 5th. The company reported $0.10 EPS for the quarter, topping the consensus estimate of ($1.56) by $1.66. The company had revenue of $274.17 million during the quarter. Figma’s revenue for the quarter was up 38.0% compared to the same quarter last year. During the same period in the previous year, the business earned $0.04 EPS. Figma has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS.

Analysts Set New Price Targets

A number of brokerages recently weighed in on FIG. JPMorgan Chase & Co. lowered their price objective on shares of Figma from $65.00 to $60.00 and set a “neutral” rating on the stock in a research report on Thursday, November 6th. Wolfe Research assumed coverage on shares of Figma in a report on Monday, August 25th. They issued a “peer perform” rating for the company. Piper Sandler lowered their price objective on Figma from $85.00 to $70.00 and set an “overweight” rating on the stock in a research report on Thursday, November 6th. The Goldman Sachs Group upped their target price on shares of Figma from $49.00 to $54.00 and gave the stock a “neutral” rating in a research report on Friday, November 7th. Finally, Zacks Research raised Figma to a “hold” rating in a research note on Thursday, August 21st. Three investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Figma currently has a consensus rating of “Hold” and a consensus price target of $62.86.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of FIG. Voya Investment Management LLC purchased a new position in Figma during the 3rd quarter worth approximately $3,412,000. VERITY Wealth Advisors purchased a new stake in shares of Figma during the third quarter worth about $519,000. Tripletail Wealth Management LLC purchased a new stake in shares of Figma during the third quarter worth approximately $53,000. Renaissance Capital LLC acquired a new stake in Figma in the 3rd quarter valued at about $2,439,000. Finally, SOA Wealth Advisors LLC. acquired a new stake in shares of Figma in the 3rd quarter worth $39,000.

About Figma

Figma is where teams come together to turn ideas into the world’s best digital products and experiences. Every day, billions of people around the world use apps, websites, and other digital experiences that are made in Figma. They’re looking up directions on Google Maps; requesting rides with Uber; checking in for flights on JetBlue; streaming shows on Netflix; learning languages with Duolingo; asking questions of Claude; connecting on LinkedIn; buying goods on Mercado Libre; or booking stays and experiences with Airbnb.