Figma, Inc. (NYSE:FIG – Get Free Report) CAO Tyler Herb sold 1,416 shares of the firm’s stock in a transaction that occurred on Thursday, September 3rd. The shares were sold at an average price of $26.29, for a total value of $37,226.64. Following the completion of the sale, the chief accounting officer directly owned 249,386 shares in the company, valued at approximately $6,556,357.94. The trade was a 0.56% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Tyler Herb also recently made the following trade(s):
- On Thursday, August 27th, Tyler Herb sold 2,000 shares of Figma stock. The stock was sold at an average price of $30.00, for a total value of $60,000.00.
- On Friday, August 21st, Tyler Herb sold 1,840 shares of Figma stock. The stock was 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 shares were 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 value of $39,936.00.
Figma Stock Performance
Shares of FIG stock opened at $22.21 on Friday. The stock’s fifty day moving average is $24.49 and its two-hundred day moving average is $22.86. The firm has a market capitalization of $10.11 billion and a P/E ratio of -6.10. Figma, Inc. has a fifty-two week low of $16.60 and a fifty-two week high of $71.48.
Analysts Set New Price Targets
A number of research firms recently commented on FIG. Citigroup upped their price objective on Figma from $35.00 to $37.00 and gave the company a “buy” rating in a report on Friday, August 7th. Royal Bank Of Canada reissued a “sector perform” rating on shares of Figma in a research note on Thursday, August 6th. Oppenheimer reissued a “market perform” rating on shares of Figma in a research report on Thursday, June 25th. Weiss Ratings upgraded Figma from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Thursday, August 27th. Finally, Wells Fargo & Company reduced their price objective on shares of Figma from $42.00 to $36.00 and set an “overweight” rating on the stock in a report on Friday, June 26th. Four research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $32.56.
View Our Latest Analysis on FIG
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently bought and sold shares of the business. NewEdge Advisors LLC purchased a new position in shares of Figma during the third quarter worth about $26,000. Wilmington Savings Fund Society FSB acquired a new position in Figma during the third quarter worth $27,000. Sunbelt Securities Inc. acquired a new position in shares of Figma during the 3rd quarter worth $30,000. US Bancorp DE purchased a new position in Figma in the third quarter valued at about $31,000. Finally, CIBC Private Wealth Group LLC purchased a new position in Figma in the 3rd quarter valued at approximately $33,000.
Figma Company Profile
Figma, Inc develops collaborative software for designing, prototyping and building digital products. Its cloud-based platform enables product designers, developers, marketers and other stakeholders to work together in real time on user interfaces, prototypes and digital experiences.
The company’s product portfolio includes Figma Design for interface design and prototyping, FigJam for online whiteboarding and brainstorming, and Dev Mode, which helps developers inspect designs and translate them into code.
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