FIGS (NYSE:FIGS) CFO Sarah Oughtred Sells 22,690 Shares of Stock

FIGS, Inc. (NYSE:FIGS) CFO Sarah Oughtred sold 22,690 shares of the company’s stock in a transaction on Thursday, February 5th. The shares were sold at an average price of $10.56, for a total transaction of $239,606.40. Following the sale, the chief financial officer owned 821,500 shares of the company’s stock, valued at $8,675,040. This represents a 2.69% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Sarah Oughtred also recently made the following trade(s):

• On Wednesday, January 7th, Sarah Oughtred sold 10,515 shares of FIGS stock. The stock was sold at an average price of $11.50, for a total transaction of $120,922.50.

FIGS Trading Down 0.2%

FIGS stock opened at $10.72 on Tuesday. The stock has a market capitalization of $1.76 billion, a price-to-earnings ratio of 107.20 and a beta of 1.29. The firm’s 50-day moving average price is $11.51 and its two-hundred day moving average price is $8.93. FIGS, Inc. has a 12-month low of $3.57 and a 12-month high of $12.50.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. The Goldman Sachs Group increased their price objective on FIGS from $5.50 to $7.50 and gave the stock a “sell” rating in a report on Friday, January 30th. BTIG Research upped their target price on FIGS from $12.00 to $15.00 and gave the company a “buy” rating in a report on Wednesday, December 10th. Barclays lifted their price target on shares of FIGS from $9.00 to $11.00 and gave the company an “equal weight” rating in a report on Tuesday, January 6th. Wall Street Zen upgraded shares of FIGS from a “buy” rating to a “strong-buy” rating in a report on Saturday, January 17th. Finally, Zacks Research raised shares of FIGS from a “hold” rating to a “strong-buy” rating in a research report on Friday, November 7th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, FIGS presently has a consensus rating of “Hold” and an average target price of $10.10.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Elevated Capital Advisors LLC purchased a new stake in FIGS in the fourth quarter worth about $45,000. Assetmark Inc. bought a new stake in shares of FIGS in the 3rd quarter worth approximately $35,000. Quarry LP grew its stake in shares of FIGS by 1,876.3% in the 3rd quarter. Quarry LP now owns 7,846 shares of the company’s stock worth $52,000 after buying an additional 7,449 shares during the last quarter. Capstone Financial Advisors Inc. bought a new position in FIGS during the 2nd quarter valued at approximately $56,000. Finally, May Hill Capital LLC bought a new position in FIGS during the 4th quarter valued at approximately $117,000. 92.21% of the stock is owned by hedge funds and other institutional investors.

About FIGS

FIGS, Inc operates as a direct-to-consumer designer and retailer of medical apparel and accessories. The company offers a range of products tailored to the needs of healthcare professionals, including scrub sets, lab coats, tops, bottoms, outerwear, footwear, and performance fabrics designed for comfort, durability, and antimicrobial protection. Through its e-commerce platform and a growing network of retail stores, FIGS provides customizable uniforms and accessories with a focus on innovative materials and functional design features such as four-way stretch fabrics, moisture-wicking technology, and multiple secure pockets.

Founded in 2013 by Heather Hasson and Trina Spear, FIGS set out to disrupt the traditional medical uniform market by emphasizing both form and function.