Insider Selling: Figma (NYSE:FIG) CTO Sells $1,847,222.30 in Stock

Figma, Inc. (NYSE:FIG) CTO Kris Rasmussen sold 74,305 shares of the business’s stock in a transaction that occurred on Monday, February 2nd. The stock was sold at an average price of $24.86, for a total transaction of $1,847,222.30. Following the completion of the transaction, the chief technology officer owned 10,624,343 shares of the company’s stock, valued at $264,121,166.98. This trade represents a 0.69% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Kris Rasmussen also recently made the following trade(s):

• On Monday, January 5th, Kris Rasmussen sold 181,345 shares of Figma stock. The shares were sold at an average price of $37.25, for a total value of $6,755,101.25.
• On Friday, January 2nd, Kris Rasmussen sold 14,252 shares of Figma stock. The stock was sold at an average price of $37.21, for a total value of $530,316.92.
• On Wednesday, December 3rd, Kris Rasmussen sold 177,387 shares of Figma stock. The shares were sold at an average price of $36.71, for a total value of $6,511,876.77.
• On Monday, December 1st, Kris Rasmussen sold 18,211 shares of Figma stock. The stock was sold at an average price of $35.45, for a total value of $645,579.95.
• On Wednesday, November 12th, Kris Rasmussen sold 31,715 shares of Figma stock. The shares were sold at an average price of $45.03, for a total transaction of $1,428,126.45.
• On Monday, November 10th, Kris Rasmussen sold 272,789 shares of Figma stock. The shares were sold at an average price of $43.47, for a total transaction of $11,858,137.83.

Figma Stock Performance

Shares of NYSE:FIG opened at $21.91 on Friday. The firm has a market cap of $9.11 billion and a PE ratio of -8.18. The business’s 50 day simple moving average is $33.76. Figma, Inc. has a one year low of $19.85 and a one year high of $142.92.

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

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. Wells Fargo & Company upgraded Figma from an “equal weight” rating to an “overweight” rating and set a $52.00 price objective for the company in a report on Thursday, January 8th. The Goldman Sachs Group started coverage on Figma in a research note on Monday, January 12th. They issued a “neutral” rating and a $40.00 price target for the company. Royal Bank Of Canada reduced their price objective 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. Weiss Ratings restated a “sell (e+)” rating on shares of Figma in a report on Monday, December 29th. Finally, Wall Street Zen lowered shares of Figma from a “hold” rating to a “sell” rating in a report on Saturday, January 31st. Four investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Figma has an average rating of “Hold” and a consensus price target of $47.75.

Institutional Trading of Figma

A number of large investors have recently bought and sold shares of FIG. Rit Capital Partners PLC acquired a new stake in shares of Figma in the 3rd quarter valued at about $2,592,000. Sumitomo Mitsui Trust Group Inc. acquired a new stake in Figma in the 3rd quarter valued at approximately $11,075,000. Rakuten Investment Management Inc. acquired a new stake in Figma in the 3rd quarter valued at approximately $4,425,000. Baillie Gifford & Co. bought a new stake in Figma in the 3rd quarter valued at approximately $154,242,000. Finally, Mirae Asset Global Investments Co. Ltd. acquired a new position in Figma during the 3rd quarter worth approximately $8,734,000.

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.