Insider Selling: Figma (NYSE:FIG) Director Sells $523,895.36 in Stock

Figma, Inc. (NYSE:FIG) Director Lynn Vojvodich Radakovich sold 15,124 shares of Figma stock in a transaction dated Monday, December 15th. The stock was sold at an average price of $34.64, for a total transaction of $523,895.36. Following the transaction, the director owned 72,394 shares of the company’s stock, valued at approximately $2,507,728.16. The trade was a 17.28% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

Figma Price Performance

Shares of FIG opened at $39.27 on Friday. The stock’s 50 day simple moving average is $43.78. Figma, Inc. has a 1-year low of $32.83 and a 1-year high of $142.92.

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

Analyst Upgrades and Downgrades

FIG has been the topic of several analyst reports. JPMorgan Chase & Co. decreased their price target on shares of Figma from $65.00 to $60.00 and set a “neutral” rating on the stock in a research note on Thursday, November 6th. Morgan Stanley reduced their price objective on shares of Figma from $80.00 to $70.00 and set an “equal weight” rating on the stock in a research note on Thursday, September 4th. Wells Fargo & Company lowered their target price on shares of Figma from $70.00 to $52.00 and set an “equal weight” rating for the company in a research note on Wednesday, November 5th. Wolfe Research assumed coverage on Figma in a report on Monday, August 25th. They set a “peer perform” rating on the stock. Finally, William Blair reaffirmed an “outperform” rating on shares of Figma in a research report on Thursday, September 4th. Three analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $62.86.

Institutional Trading of Figma

Institutional investors and hedge funds have recently made changes to their positions in the company. SC US Ttgp LTD. acquired a new position in Figma in the third quarter valued at $1,310,305,000. ICONIQ Capital LLC purchased a new position in shares of Figma in the 3rd quarter worth about $1,108,879,000. a16z Capital Management L.L.C. purchased a new position in shares of Figma in the 3rd quarter worth about $842,687,000. Durable Capital Partners LP acquired a new position in shares of Figma in the 3rd quarter valued at about $278,510,000. Finally, Thrive Capital Management LLC purchased a new stake in shares of Figma during the 3rd quarter worth about $228,034,000.

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.