FIGS (NYSE:FIGS) Insider Heather Hasson Sells 22,874 Shares

FIGS, Inc. (NYSE:FIGS) insider Heather Hasson sold 22,874 shares of the firm’s stock in a transaction on Thursday, February 5th. The stock was sold at an average price of $10.56, for a total transaction of $241,549.44. Following the completion of the sale, the insider owned 1,251,967 shares in the company, valued at $13,220,771.52. This represents a 1.79% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

FIGS Stock Performance

Shares of FIGS opened at $10.72 on Tuesday. The company has a 50-day simple moving average of $11.51 and a 200-day simple moving average of $8.93. FIGS, Inc. has a 52 week low of $3.57 and a 52 week high of $12.50. The firm has a market capitalization of $1.76 billion, a P/E ratio of 107.20 and a beta of 1.29.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the company. Geode Capital Management LLC boosted its holdings in shares of FIGS by 5.2% in the 4th quarter. Geode Capital Management LLC now owns 2,957,667 shares of the company’s stock worth $33,608,000 after acquiring an additional 145,270 shares in the last quarter. Jefferies Financial Group Inc. bought a new position in FIGS in the 4th quarter valued at $218,000. FourThought Financial Partners LLC boosted its stake in FIGS by 3.6% in the fourth quarter. FourThought Financial Partners LLC now owns 32,851 shares of the company’s stock worth $373,000 after purchasing an additional 1,138 shares in the last quarter. Mach 1 Financial Group LLC bought a new stake in shares of FIGS during the fourth quarter worth $178,000. Finally, GSA Capital Partners LLP grew its holdings in shares of FIGS by 69.4% during the fourth quarter. GSA Capital Partners LLP now owns 88,142 shares of the company’s stock worth $1,001,000 after purchasing an additional 36,097 shares during the last quarter. Institutional investors own 92.21% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently commented on FIGS shares. Wall Street Zen upgraded FIGS from a “buy” rating to a “strong-buy” rating in a research note on Saturday, January 17th. Morgan Stanley increased their price objective on shares of FIGS from $7.50 to $8.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 13th. Weiss Ratings reiterated a “hold (c-)” rating on shares of FIGS in a research report on Monday, December 29th. Barclays increased their price target on shares of FIGS from $9.00 to $11.00 and gave the stock an “equal weight” rating in a research report on Tuesday, January 6th. Finally, Telsey Advisory Group restated a “market perform” rating and set a $9.00 price target (up previously from $7.00) on shares of FIGS in a research note on Monday, November 3rd. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $10.10.

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.