Figma (NYSE:FIG) General Counsel Brendan Mulligan Sells 4,817 Shares

Figma, Inc. (NYSE:FIG) General Counsel Brendan Mulligan sold 4,817 shares of the business’s stock in a transaction dated Monday, March 16th. The stock was sold at an average price of $26.30, for a total value of $126,687.10. Following the sale, the general counsel owned 825,644 shares in the company, valued at approximately $21,714,437.20. The trade was a 0.58% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

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

• On Tuesday, March 3rd, Brendan Mulligan sold 4,817 shares of Figma stock. The stock was sold at an average price of $28.30, for a total transaction of $136,321.10.
• On Thursday, February 19th, Brendan Mulligan sold 5,227 shares of Figma stock. The stock was sold at an average price of $26.00, for a total transaction of $135,902.00.
• On Tuesday, February 10th, Brendan Mulligan sold 5,227 shares of Figma stock. The shares were sold at an average price of $25.00, for a total transaction of $130,675.00.
• On Monday, February 2nd, Brendan Mulligan sold 7,671 shares of Figma stock. The stock was sold at an average price of $24.86, for a total transaction of $190,701.06.
• 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 value of $181,425.32.
• On Monday, January 5th, Brendan Mulligan sold 5,666 shares of Figma stock. The shares were 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.

Figma Trading Down 1.5%

NYSE FIG traded down $0.37 during trading on Thursday, reaching $24.89. 928,002 shares of the company’s stock were exchanged, compared to its average volume of 13,982,933. Figma, Inc. has a fifty-two week low of $19.85 and a fifty-two week high of $142.92. The company’s fifty day simple moving average is $27.58 and its 200-day simple moving average is $40.40. The firm has a market capitalization of $10.98 billion and a PE ratio of -8.02.

Figma (NYSE:FIG) last issued its earnings results on Wednesday, February 18th. The company reported $0.08 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.20) by $0.28. The company had revenue of $303.78 million for the quarter. Figma had a negative return on equity of 97.03% and a negative net margin of 121.87%.The company’s revenue for the quarter was up 40.1% on a year-over-year basis.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the stock. SC US Ttgp LTD. bought a new stake in Figma during the third quarter worth approximately $1,310,305,000. ICONIQ Capital LLC bought a new position in shares of Figma in the third quarter valued at approximately $1,108,879,000. a16z Capital Management L.L.C. acquired a new stake in shares of Figma in the third quarter worth $842,687,000. Viking Global Investors LP acquired a new stake in shares of Figma in the fourth quarter worth $214,967,000. Finally, Durable Capital Partners LP bought a new stake in shares of Figma during the 3rd quarter worth $278,510,000.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the stock. Wells Fargo & Company lowered their price target on shares of Figma from $52.00 to $42.00 and set an “overweight” rating on the stock in a report on Thursday, February 19th. Barclays upgraded Figma to a “neutral” rating in a research note on Thursday, January 8th. The Goldman Sachs Group set a $35.00 price target on Figma in a report on Thursday, February 19th. Stifel Nicolaus dropped their price objective on Figma from $40.00 to $30.00 and set a “hold” rating on the stock in a report on Thursday, February 19th. Finally, Piper Sandler reaffirmed an “overweight” rating and set a $35.00 price objective on shares of Figma in a research report on Thursday, February 19th. Four research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Figma currently has an average rating of “Hold” and an average target price of $43.25.

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.