Figma (NYSE:FIG) CAO Tyler Herb Sells 1,418 Shares of Stock

Figma, Inc. (NYSE:FIG – Get Free Report) CAO Tyler Herb sold 1,418 shares of the company’s stock in a transaction dated Monday, October 5th. The shares were sold at an average price of $21.62, for a total transaction of $30,657.16. Following the transaction, the chief accounting officer owned 246,130 shares in the company, valued at $5,321,330.60. This represents a 0.57% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible 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, September 3rd, Tyler Herb sold 1,416 shares of Figma stock. The shares were sold at an average price of $26.29, for a total value of $37,226.64.
  • On Thursday, August 27th, Tyler Herb sold 2,000 shares of Figma stock. The shares were sold at an average price of $30.00, for a total transaction of $60,000.00.
  • On Friday, August 21st, Tyler Herb sold 1,840 shares of Figma stock. The shares were 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 stock was sold at an average price of $26.00, for a total value of $18,434.00.
  • On Monday, August 3rd, Tyler Herb sold 1,536 shares of Figma stock. The stock was sold at an average price of $26.00, for a total value of $39,936.00.

Figma Price Performance

Shares of FIG stock traded down $0.29 on Wednesday, hitting $21.64. The stock had a trading volume of 5,695,976 shares, compared to its average volume of 17,368,371. The business has a 50 day moving average of $24.34 and a 200 day moving average of $22.06. The stock has a market cap of $9.85 billion, a price-to-earnings ratio of -5.95 and a beta of 1.32. Figma, Inc. has a 12-month low of $16.60 and a 12-month high of $71.48.

Figma (NYSE:FIG – Get Free Report) last announced its quarterly earnings data on Wednesday, August 5th. The company reported $0.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.22) by $0.30. The firm had revenue of $370.08 million during the quarter. Figma had a negative return on equity of 100.03% and a negative net margin of 123.15%.The firm’s revenue for the quarter was up 48.2% compared to the same quarter last year. During the same quarter last year, the company earned $0.09 EPS. As a group, research analysts expect that Figma, Inc. will post -0.75 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Figma

A number of hedge funds have recently made changes to their positions in the business. Amova Asset Management Americas Inc. increased its holdings in shares of Figma by 641.4% in the first quarter. Amova Asset Management Americas Inc. now owns 1,467,887 shares of the company’s stock worth $31,031,000 after buying an additional 1,269,900 shares during the period. Ieq Capital LLC grew its position in Figma by 1,670.9% during the 4th quarter. Ieq Capital LLC now owns 973,880 shares of the company’s stock worth $36,394,000 after acquiring an additional 918,886 shares during the last quarter. Greylock XIV GP LLC bought a new position in Figma during the 2nd quarter worth approximately $1,056,824,403. Rokos Capital Management LLP purchased a new position in Figma in the 1st quarter worth approximately $4,414,000. Finally, Citizens Financial Group Inc. RI bought a new stake in Figma in the first quarter valued at approximately $3,429,000.

Analyst Ratings Changes

Several equities research analysts have issued reports on the company. Wells Fargo & Company dropped their target price on Figma from $42.00 to $36.00 and set an “overweight” rating on the stock in a research report on Friday, June 26th. Morgan Stanley set a $33.00 price objective on Figma in a research note on Thursday, August 6th. KeyCorp initiated coverage on Figma in a report on Monday, September 14th. They set a “sector weight” rating on the stock. Oppenheimer reaffirmed a “market perform” rating on shares of Figma in a report on Thursday, June 25th. Finally, Citigroup raised their price target on shares of Figma from $35.00 to $37.00 and gave the company a “buy” rating in a report on Friday, August 7th. Four research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Figma presently has an average rating of “Hold” and an average price target of $32.56.

Get Our Latest Analysis on FIG

Figma Company Profile

(Get Free Report)

Figma, Inc is a collaborative software company that provides browser-based tools for designing, prototyping and developing digital products. Its platform enables product designers, developers, researchers, marketers and other stakeholders to work together on user interfaces and digital experiences in real time.

The company’s product portfolio includes Figma Design for interface design and prototyping, FigJam for collaborative brainstorming and whiteboarding, and Dev Mode, which helps developers inspect designs and translate them into working products.

Further Reading

Insider Buying and Selling by Quarter for Figma (NYSE:FIG)

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