Brendan Mulligan Sells 7,671 Shares of Figma (NYSE:FIG) Stock

Figma, Inc. (NYSE:FIG) General Counsel Brendan Mulligan sold 7,671 shares of the business’s stock in a transaction dated Monday, February 2nd. The shares were sold at an average price of $24.86, for a total value of $190,701.06. Following the completion of the sale, the general counsel directly owned 855,716 shares of the company’s stock, valued at $21,273,099.76. The trade was a 0.89% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

Brendan Mulligan also recently made the following trade(s):

• On Thursday, January 15th, Brendan Mulligan sold 5,666 shares of Figma stock. The shares were sold at an average price of $32.02, for a total transaction of $181,425.32.
• On Monday, January 5th, Brendan Mulligan sold 5,666 shares of Figma stock. The stock was sold at an average price of $37.25, for a total value of $211,058.50.
• On Friday, January 2nd, Brendan Mulligan sold 6,793 shares of Figma stock. The stock was sold at an average price of $37.21, for a total value of $252,767.53.
• On Monday, December 15th, Brendan Mulligan sold 4,392 shares of Figma stock. The shares were sold at an average price of $34.65, for a total value of $152,182.80.
• On Wednesday, December 3rd, Brendan Mulligan sold 4,392 shares of Figma stock. The shares were sold at an average price of $36.68, for a total value of $161,098.56.
• On Monday, December 1st, Brendan Mulligan sold 9,343 shares of Figma stock. The stock was sold at an average price of $35.45, for a total transaction of $331,209.35.
• On Monday, November 17th, Brendan Mulligan sold 4,299 shares of Figma stock. The shares were sold at an average price of $37.29, for a total transaction of $160,309.71.
• On Wednesday, November 12th, Brendan Mulligan sold 10,000 shares of Figma stock. The shares were sold at an average price of $45.00, for a total transaction of $450,000.00.
• On Monday, November 10th, Brendan Mulligan sold 80,934 shares of Figma stock. The stock was sold at an average price of $43.47, for a total value of $3,518,200.98.

Figma Stock Up 5.0%

NYSE FIG traded up $1.08 during trading hours on Wednesday, reaching $22.47. The company’s stock had a trading volume of 24,151,286 shares, compared to its average volume of 9,452,685. The company has a 50-day moving average of $34.32. Figma, Inc. has a 52 week low of $19.85 and a 52 week high of $142.92.

Figma (NYSE:FIG) last posted its quarterly earnings data on Wednesday, November 5th. The company reported $0.10 earnings per share for the quarter, topping the consensus estimate of ($1.56) by $1.66. Figma had a negative net margin of 99.32% and a negative return on equity of 84.34%. The business had revenue of $274.17 million during the quarter. During the same period in the previous year, the company earned $0.04 EPS. The business’s revenue for the quarter was up 38.0% compared to the same quarter last year.

Analyst Ratings Changes

A number of research analysts have recently weighed in on FIG shares. JPMorgan Chase & Co. cut their price target on shares of Figma from $65.00 to $60.00 and set a “neutral” rating on the stock in a report on Thursday, November 6th. Morgan Stanley decreased their target price on shares of Figma from $65.00 to $48.00 and set an “equal weight” rating on the stock in a research report on Thursday, January 15th. Wall Street Zen lowered shares of Figma from a “hold” rating to a “sell” rating in a research report on Saturday. Stifel Nicolaus initiated coverage on shares of Figma in a research note on Wednesday, January 7th. They set a “hold” rating and a $40.00 price target on the stock. Finally, Weiss Ratings reissued a “sell (e+)” rating on shares of Figma in a research note on Monday, December 29th. Four research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $47.75.

Institutional Investors Weigh In On Figma

Hedge funds have recently made changes to their positions in the stock. SC US Ttgp LTD. acquired a new stake in Figma in the third quarter valued at $1,310,305,000. ICONIQ Capital LLC acquired a new stake in Figma in the 3rd quarter valued at $1,108,879,000. a16z Capital Management L.L.C. acquired a new position in Figma during the 3rd quarter valued at about $842,687,000. Baillie Gifford & Co. boosted its holdings in Figma by 93.8% during the 4th quarter. Baillie Gifford & Co. now owns 5,763,613 shares of the company’s stock worth $215,386,000 after acquiring an additional 2,789,986 shares during the last quarter. Finally, Durable Capital Partners LP purchased a new position in shares of Figma in the 3rd quarter worth approximately $278,510,000.

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.