Figma (NYSE:FIG) CAO Tyler Herb Sells 2,310 Shares of Stock

Figma, Inc. (NYSE:FIG) CAO Tyler Herb sold 2,310 shares of the firm’s stock in a transaction dated Wednesday, December 3rd. The shares were sold at an average price of $36.60, for a total transaction of $84,546.00. Following the completion of the sale, the chief accounting officer owned 203,406 shares of the company’s stock, valued at $7,444,659.60. The trade was a 1.12% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link.

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

• On Monday, December 1st, Tyler Herb sold 3,073 shares of Figma stock. The shares were sold at an average price of $35.45, for a total transaction of $108,937.85.
• On Monday, November 17th, Tyler Herb sold 757 shares of Figma stock. The shares were sold at an average price of $38.21, for a total transaction of $28,924.97.
• 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 shares were sold at an average price of $48.17, for a total value of $150,916.61.

Figma Stock Down 1.9%

NYSE FIG opened at $37.96 on Friday. Figma, Inc. has a 52 week low of $32.83 and a 52 week high of $142.92. The company has a fifty day moving average price of $47.86.

Figma (NYSE:FIG) last posted its quarterly earnings results on Wednesday, November 5th. The company reported $0.10 earnings per share (EPS) for the quarter, beating the consensus estimate of ($1.56) by $1.66. The firm had revenue of $274.17 million during the quarter. The firm’s revenue was up 38.0% compared to the same quarter last year. During the same quarter last year, the company posted $0.04 EPS.

Hedge Funds Weigh In On Figma

Several institutional investors and hedge funds have recently made changes to their positions in FIG. Whittier Trust Co. of Nevada Inc. acquired a new stake in Figma during the 3rd quarter worth $26,000. NewEdge Advisors LLC bought a new stake in shares of Figma in the third quarter worth about $26,000. Wilmington Savings Fund Society FSB bought a new stake in shares of Figma in the third quarter worth about $27,000. Sunbelt Securities Inc. acquired a new stake in shares of Figma during the third quarter worth about $30,000. Finally, US Bancorp DE bought a new position in shares of Figma during the 3rd quarter valued at about $31,000.

Analyst Ratings Changes

Several equities research analysts have recently commented on FIG shares. Wells Fargo & Company lowered their price target on shares of Figma from $70.00 to $52.00 and set an “equal weight” rating for the company in a research report on Wednesday, November 5th. William Blair reaffirmed an “outperform” rating on shares of Figma in a report on Thursday, September 4th. The Goldman Sachs Group increased their price target on Figma from $49.00 to $54.00 and gave the company a “neutral” rating in a research note on Friday, November 7th. Bank of America reduced their price target on Figma from $85.00 to $69.00 and set a “buy” rating on the stock in a research report on Thursday, September 4th. Finally, Morgan Stanley dropped their price objective on Figma from $80.00 to $70.00 and set an “equal weight” rating for the company in a report on Thursday, September 4th. Three investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $62.86.

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.