Figma, Inc. (NYSE:FIG – Get Free Report) CEO Dylan Field sold 174,430 shares of the company’s stock in a transaction on Friday, May 29th. The stock was sold at an average price of $25.02, for a total transaction of $4,364,238.60. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Figma Stock Down 10.6%
FIG stock opened at $24.24 on Wednesday. Figma, Inc. has a 52 week low of $16.60 and a 52 week high of $142.92. The company has a fifty day simple moving average of $20.66 and a two-hundred day simple moving average of $27.97. The firm has a market capitalization of $10.80 billion and a P/E ratio of -7.07.
Figma (NYSE:FIG – Get Free Report) last released its quarterly earnings data on Thursday, May 14th. The company reported $0.10 EPS for the quarter, beating the consensus estimate of ($0.17) by $0.27. Figma had a negative net margin of 123.83% and a negative return on equity of 98.51%. The business had revenue of $333.44 million during the quarter. The company’s quarterly revenue was up 46.1% compared to the same quarter last year. As a group, analysts anticipate that Figma, Inc. will post -0.7 EPS for the current year.
Institutional Investors Weigh In On Figma
Analyst Ratings Changes
Several equities analysts have commented on the stock. Wall Street Zen upgraded shares of Figma from a “sell” rating to a “hold” rating in a research report on Sunday, February 8th. Stifel Nicolaus set a $25.00 price objective on shares of Figma in a research report on Friday, May 15th. The Goldman Sachs Group set a $35.00 price objective on shares of Figma in a research report on Thursday, February 19th. Royal Bank Of Canada lowered their price objective on shares of Figma from $31.00 to $28.00 and set a “sector perform” rating for the company in a research report on Friday, May 15th. Finally, BTIG Research assumed coverage on shares of Figma in a research report on Monday, April 13th. They set a “neutral” rating for the company. Four equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $38.63.
View Our Latest Research Report on FIG
About Figma
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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