Insider Selling: Figma (NYSE:FIG) Major Shareholder Sells $316,740.25 in Stock

Figma, Inc. (NYSE:FIG) major shareholder Ventures Vi (Jersey) Lp Index sold 12,475 shares of the company’s stock in a transaction on Monday, August 10th. The stock was sold at an average price of $25.39, for a total transaction of $316,740.25. Following the transaction, the insider owned 786,700 shares of the company’s stock, valued at $19,974,313. This trade represents a 1.56% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Large shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

Figma Stock Performance

Shares of FIG opened at $25.40 on Friday. Figma, Inc. has a 52 week low of $16.60 and a 52 week high of $81.00. The stock has a market capitalization of $11.56 billion and a price-to-earnings ratio of -6.98. The stock has a fifty day moving average of $21.85 and a 200-day moving average of $22.65.

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

Hedge Funds Weigh In On Figma

Hedge funds and other institutional investors have recently bought and sold shares of the company. Gladstone Capital Management LLP boosted its position in Figma by 2.9% during the fourth quarter. Gladstone Capital Management LLP now owns 17,081 shares of the company’s stock valued at $638,000 after acquiring an additional 481 shares during the last quarter. NewEdge Advisors LLC acquired a new stake in Figma during the 3rd quarter worth about $26,000. Wilmington Savings Fund Society FSB bought a new position in shares of Figma in the 3rd quarter worth about $27,000. Charles Schwab Investment Management Inc. raised its position in shares of Figma by 3.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 15,212 shares of the company’s stock worth $568,000 after acquiring an additional 559 shares in the last quarter. Finally, Sunbelt Securities Inc. acquired a new position in shares of Figma in the 3rd quarter valued at about $30,000.

Analyst Ratings Changes

A number of brokerages have recently commented on FIG. Royal Bank Of Canada reissued a “sector perform” rating on shares of Figma in a research note on Thursday, August 6th. Oppenheimer reaffirmed a “market perform” rating on shares of Figma in a research note on Thursday, June 25th. Citigroup raised their price objective on shares of Figma from $35.00 to $37.00 and gave the company a “buy” rating in a report on Friday, August 7th. Wells Fargo & Company reduced their target price 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. Finally, JPMorgan Chase & Co. decreased their price target on shares of Figma from $45.00 to $42.00 and set a “neutral” rating for the company in a research report on Friday, May 15th. Five analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $32.22.

Figma Company Profile

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.