Dylan Field Sells 174,430 Shares of Figma (NYSE:FIG) Stock

Figma, Inc. (NYSE:FIG) CEO Dylan Field sold 174,430 shares of the stock in a transaction that occurred on Friday, May 29th. The stock was sold at an average price of $25.02, for a total value of $4,364,238.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Figma Stock Performance

Shares of NYSE:FIG opened at $22.76 on Thursday. Figma, Inc. has a 52-week low of $16.60 and a 52-week high of $142.92. The firm has a market capitalization of $10.14 billion and a P/E ratio of -6.64. The stock has a 50 day moving average price of $20.66 and a 200-day moving average price of $27.70.

Figma (NYSE:FIG) last announced its earnings results on Thursday, May 14th. The company reported $0.10 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.17) by $0.27. Figma had a negative return on equity of 98.51% and a negative net margin of 123.83%.The firm had revenue of $333.44 million during the quarter. Figma’s quarterly revenue was up 46.1% on a year-over-year basis. On average, equities analysts forecast that Figma, Inc. will post -0.78 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on FIG. Stifel Nicolaus set a $25.00 target price on Figma in a research report on Friday, May 15th. Morgan Stanley decreased their target price on Figma from $44.00 to $38.00 and set an “equal weight” rating for the company in a research report on Friday, May 15th. Wells Fargo & Company reduced their price objective on Figma from $52.00 to $42.00 and set an “overweight” rating for the company in a research report on Thursday, February 19th. Piper Sandler reaffirmed an “overweight” rating and set a $30.00 price objective (down from $35.00) on shares of Figma in a research report on Friday, May 15th. Finally, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Figma in a research report on Tuesday, May 19th. Four investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $38.63.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. NewEdge Advisors LLC bought a new position in Figma during the 3rd quarter valued at approximately $26,000. Wilmington Savings Fund Society FSB bought a new stake in shares of Figma in the 3rd quarter worth $27,000. Sunbelt Securities Inc. bought a new stake in shares of Figma in the 3rd quarter worth $30,000. US Bancorp DE bought a new stake in shares of Figma in the 3rd quarter worth $31,000. Finally, Montag A & Associates Inc. bought a new stake in shares of Figma in the 3rd quarter worth $33,000.

About Figma

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.