Figma (NYSE:FIG) CEO Dylan Field Sells 250,000 Shares

Figma, Inc. (NYSE:FIG) CEO Dylan Field sold 250,000 shares of the company’s stock in a transaction dated Wednesday, January 14th. The shares were sold at an average price of $32.63, for a total transaction of $8,157,500.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Dylan Field also recently made the following trade(s):

• On Wednesday, January 14th, Dylan Field sold 62,500 shares of Figma stock. The stock was sold at an average price of $32.63, for a total value of $2,039,375.00.
• On Monday, December 15th, Dylan Field sold 62,500 shares of Figma stock. The stock was sold at an average price of $34.66, for a total value of $2,166,250.00.
• On Monday, December 15th, Dylan Field sold 250,000 shares of Figma stock. The stock was sold at an average price of $34.66, for a total transaction of $8,665,000.00.
• On Monday, November 24th, Dylan Field sold 62,500 shares of Figma stock. The shares were sold at an average price of $34.76, for a total value of $2,172,500.00.
• On Monday, November 24th, Dylan Field sold 250,000 shares of Figma stock. The stock was sold at an average price of $34.76, for a total transaction of $8,690,000.00.
• On Monday, November 17th, Dylan Field sold 3,029,063 shares of Figma stock. The stock was sold at an average price of $37.30, for a total value of $112,984,049.90.

Figma Stock Performance

FIG traded down $1.96 during trading on Friday, hitting $29.64. The company’s stock had a trading volume of 14,804,054 shares, compared to its average volume of 7,243,153. Figma, Inc. has a twelve month low of $29.48 and a twelve month high of $142.92. The business has a 50 day simple moving average of $37.55. The stock has a market cap of $12.33 billion and a PE ratio of -11.06.

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 analysts’ consensus estimates of ($1.56) by $1.66. Figma had a negative return on equity of 84.34% and a negative net margin of 99.32%.The firm had revenue of $274.17 million during the quarter. During the same period last year, the firm posted $0.04 EPS. Figma’s revenue was up 38.0% on a year-over-year basis.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Voya Investment Management LLC bought a new stake in Figma in the third quarter worth approximately $3,412,000. Renaissance Capital LLC bought a new stake in Figma during the third quarter worth $2,439,000. SG Americas Securities LLC purchased a new stake in shares of Figma in the third quarter valued at about $5,815,000. Elite Wealth Management Inc. purchased a new stake in Figma in the 3rd quarter valued at about $1,333,000. Finally, Signaturefd LLC bought a new position in Figma in the 3rd quarter valued at $1,235,000.

Analyst Upgrades and Downgrades

Several research firms have commented on FIG. The Goldman Sachs Group initiated coverage on shares of Figma in a research report on Monday. They issued a “neutral” rating and a $40.00 target price for the company. JPMorgan Chase & Co. cut their target price on shares of Figma from $65.00 to $60.00 and set a “neutral” rating for the company in a research note on Thursday, November 6th. Piper Sandler cut their price objective on Figma from $85.00 to $70.00 and set an “overweight” rating on the stock in a report on Thursday, November 6th. Wells Fargo & Company upgraded Figma from an “equal weight” rating to an “overweight” rating and set a $52.00 price target on the stock in a report on Thursday, January 8th. Finally, Royal Bank Of Canada dropped their price target on shares of Figma from $65.00 to $38.00 and set a “sector perform” rating on the stock in a research note on Monday, January 5th. Four investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $52.13.

About Figma

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.