Figma (NYSE:FIG) CRO Sells $95,164.08 in Stock

Figma, Inc. (NYSE:FIG) CRO Shaunt Voskanian sold 3,828 shares of the stock in a transaction that occurred on Monday, February 2nd. The stock was sold at an average price of $24.86, for a total value of $95,164.08. Following the completion of the transaction, the executive directly owned 1,588,735 shares of the company’s stock, valued at $39,495,952.10. This represents a 0.24% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Shaunt Voskanian also recently made the following trade(s):

• On Monday, January 5th, Shaunt Voskanian sold 8,449 shares of Figma stock. The shares were sold at an average price of $37.24, for a total value of $314,640.76.
• On Friday, January 2nd, Shaunt Voskanian sold 3,933 shares of Figma stock. The stock was sold at an average price of $37.21, for a total value of $146,346.93.
• On Wednesday, December 3rd, Shaunt Voskanian sold 6,305 shares of Figma stock. The stock was sold at an average price of $36.68, for a total value of $231,267.40.
• On Monday, December 1st, Shaunt Voskanian sold 6,076 shares of Figma stock. The shares were sold at an average price of $35.45, for a total transaction of $215,394.20.
• On Monday, November 10th, Shaunt Voskanian sold 403,335 shares of Figma stock. The stock was sold at an average price of $43.39, for a total transaction of $17,500,705.65.

Figma Price Performance

Shares of Figma stock traded up $1.08 during trading on Wednesday, hitting $22.47. The company’s stock had a trading volume of 24,151,286 shares, compared to its average volume of 9,452,685. Figma, Inc. has a 52 week low of $19.85 and a 52 week high of $142.92. The business’s fifty day moving average price is $34.32.

Figma (NYSE:FIG) last announced its quarterly earnings data on Wednesday, November 5th. The company reported $0.10 earnings per share for the quarter, topping analysts’ consensus estimates 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 for the quarter. During the same quarter last year, the company posted $0.04 EPS. Figma’s revenue for the quarter was up 38.0% compared to the same quarter last year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Makena Capital Management LLC purchased a new stake in shares of Figma during the fourth quarter valued at $1,051,000. International Assets Investment Management LLC bought a new position in Figma during the 4th quarter valued at about $462,000. Diversify Wealth Management LLC bought a new position in Figma during the 4th quarter valued at about $2,855,000. RFG Advisory LLC boosted its holdings in shares of Figma by 27.7% during the 4th quarter. RFG Advisory LLC now owns 10,600 shares of the company’s stock valued at $396,000 after acquiring an additional 2,300 shares during the last quarter. Finally, SBI Securities Co. Ltd. grew its stake in shares of Figma by 54.4% in the fourth quarter. SBI Securities Co. Ltd. now owns 24,485 shares of the company’s stock worth $915,000 after acquiring an additional 8,625 shares during the period.

Analyst Ratings Changes

FIG has been the subject of a number of analyst reports. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Figma in a research report on Monday, December 29th. Wells Fargo & Company raised Figma from an “equal weight” rating to an “overweight” rating and set a $52.00 target price on the stock in a research note on Thursday, January 8th. Stifel Nicolaus began coverage on Figma in a report on Wednesday, January 7th. They set a “hold” rating and a $40.00 price target for the company. 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. Finally, Piper Sandler cut their price objective on shares of Figma from $70.00 to $35.00 and set an “overweight” rating on the stock in a research report on Monday. Four investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $47.75.

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.