Figma (NYSE:FIG) Director Sells 12,475 Shares

Figma, Inc. (NYSE:FIG) Director Daniel Rimer sold 12,475 shares of the firm’s stock in a transaction on Monday, August 10th. The shares were sold at an average price of $25.39, for a total transaction of $316,740.25. Following the completion of the transaction, the director directly owned 786,700 shares of the company’s stock, valued at approximately $19,974,313. The trade was a 1.56% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Figma Trading Down 4.9%

Shares of Figma stock traded down $1.21 during trading on Wednesday, hitting $23.66. The stock had a trading volume of 14,005,565 shares, compared to its average volume of 18,366,352. The firm has a market cap of $10.77 billion and a price-to-earnings ratio of -6.50. Figma, Inc. has a 12 month low of $16.60 and a 12 month high of $91.00. The business’s 50-day moving average is $21.68 and its 200 day moving average is $22.69.

Figma (NYSE:FIG) last posted its quarterly earnings data on Wednesday, August 5th. The company reported $0.08 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.22) by $0.30. Figma had a negative return on equity of 100.03% and a negative net margin of 123.15%.The company had revenue of $370.08 million during the quarter. During the same period in the prior year, the business posted $0.09 EPS. Figma’s quarterly revenue was up 48.2% on a year-over-year basis. As a group, equities analysts expect that Figma, Inc. will post -0.79 EPS for the current year.

Institutional Investors Weigh In On Figma

A number of institutional investors have recently made changes to their positions in the business. Greylock XIV GP LLC purchased a new stake in shares of Figma in the 2nd quarter valued at $1,056,824,403,000. a16z Capital Management L.L.C. purchased a new position in Figma in the 3rd quarter worth $842,687,000. Viking Global Investors LP bought a new stake in Figma in the fourth quarter worth $214,967,000. Durable Capital Partners LP bought a new stake in Figma in the third quarter worth $278,510,000. Finally, Thrive Capital Management LLC purchased a new stake in Figma during the third quarter valued at about $228,034,000.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. Weiss Ratings reiterated a “sell (e+)” rating on shares of Figma in a research report on Tuesday, May 19th. Royal Bank Of Canada reissued a “sector perform” rating on shares of Figma in a report on Thursday, August 6th. Stifel Nicolaus set a $25.00 price objective on shares of Figma in a research report on Friday, May 15th. Morgan Stanley set a $33.00 price objective on shares of Figma in a report on Thursday, August 6th. Finally, Oppenheimer reissued a “market perform” rating on shares of Figma in a research note on Thursday, June 25th. Five equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $32.22.

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.