Figma (NYSE:FIG) CRO Shaunt Voskanian Sells 87,510 Shares

Figma, Inc. (NYSE:FIG) CRO Shaunt Voskanian sold 87,510 shares of Figma stock in a transaction dated Wednesday, June 3rd. The stock was sold at an average price of $23.01, for a total value of $2,013,605.10. Following the completion of the transaction, the executive directly owned 1,781,380 shares of the company’s stock, valued at approximately $40,989,553.80. This represents a 4.68% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Figma Stock Performance

Shares of FIG traded down $0.78 during trading hours on Friday, hitting $21.73. The company had a trading volume of 16,361,734 shares, compared to its average volume of 16,553,553. The firm has a fifty day moving average price of $20.67 and a 200-day moving average price of $27.59. The stock has a market capitalization of $9.68 billion and a price-to-earnings ratio of -6.33. Figma, Inc. has a 52-week low of $16.60 and a 52-week high of $142.92.

Figma (NYSE:FIG) last posted its quarterly earnings results on Thursday, May 14th. The company reported $0.10 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.17) by $0.27. The firm had revenue of $333.44 million during the quarter. Figma had a negative return on equity of 98.51% and a negative net margin of 123.83%.The firm’s revenue was up 46.1% on a year-over-year basis. Research analysts anticipate that Figma, Inc. will post -0.78 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Oppenheimer assumed coverage on Figma in a research report on Wednesday, March 25th. They issued a “market perform” rating for the company. Wells Fargo & Company lowered their price target on Figma from $52.00 to $42.00 and set an “overweight” rating for the company in a research report on Thursday, February 19th. JPMorgan Chase & Co. reduced their price objective on Figma from $45.00 to $42.00 and set a “neutral” rating for the company in a report on Friday, May 15th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Figma in a report on Tuesday, May 19th. Finally, Piper Sandler reiterated an “overweight” rating and issued a $30.00 price objective (down from $35.00) on shares of Figma in a report on Friday, May 15th. Four research 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’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $38.63.

Institutional Investors Weigh In On Figma

Several large investors have recently bought and sold shares of FIG. Gladstone Capital Management LLP grew its stake in shares of Figma by 2.9% during the 4th quarter. Gladstone Capital Management LLP now owns 17,081 shares of the company’s stock valued at $638,000 after purchasing an additional 481 shares during the period. NewEdge Advisors LLC bought a new stake in shares of Figma during the 3rd quarter valued at about $26,000. Wilmington Savings Fund Society FSB bought a new stake in shares of Figma during the 3rd quarter valued at about $27,000. Charles Schwab Investment Management Inc. grew its stake in shares of Figma by 3.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 15,212 shares of the company’s stock valued at $568,000 after purchasing an additional 559 shares during the period. Finally, Sunbelt Securities Inc. bought a new stake in shares of Figma during the 3rd quarter valued at about $30,000.

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.