Kris Rasmussen Sells 74,305 Shares of Figma (NYSE:FIG) Stock

by · The Cerbat Gem

Figma, Inc. (NYSE:FIG – Get Free Report) CTO Kris Rasmussen sold 74,305 shares of the business’s stock in a transaction dated Monday, February 2nd. The shares were sold at an average price of $24.86, for a total value of $1,847,222.30. Following the completion of the transaction, the chief technology officer directly owned 10,624,343 shares of the company’s stock, valued at approximately $264,121,166.98. This trade represents a 0.69% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

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 shares were 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 stock was 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 shares were sold at an average price of $35.45, for a total transaction 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 stock was sold at an average price of $43.47, for a total transaction of $11,858,137.83.

Figma Stock Performance

FIG stock traded up $1.08 during midday trading on Wednesday, hitting $22.47. 24,151,286 shares of the stock traded hands, compared to its average volume of 9,452,685. Figma, Inc. has a 1-year low of $19.85 and a 1-year high of $142.92. The company’s fifty day moving average is $34.32.

Figma (NYSE:FIG – Get Free Report) last issued its quarterly earnings data on Wednesday, November 5th. The company reported $0.10 earnings per share for the quarter, topping analysts’ consensus estimates of ($1.56) by $1.66. Figma had a negative net margin of 99.32% and a negative return on equity of 84.34%. The business had revenue of $274.17 million during the quarter. During the same quarter last year, the company posted $0.04 EPS. The company’s revenue was up 38.0% on a year-over-year basis.

Analyst Upgrades and Downgrades

Several analysts have commented on the company. Weiss Ratings reissued a “sell (e+)” rating on shares of Figma in a report on Monday, December 29th. Morgan Stanley decreased their target price on Figma from $65.00 to $48.00 and set an “equal weight” rating on the stock in a research report on Thursday, January 15th. Stifel Nicolaus began coverage on shares of Figma in a report on Wednesday, January 7th. They issued a “hold” rating and a $40.00 price target for the company. JPMorgan Chase & Co. reduced their price objective on shares of Figma from $65.00 to $60.00 and set a “neutral” rating for the company in a research report on Thursday, November 6th. Finally, Royal Bank Of Canada dropped their target price on shares of Figma from $65.00 to $38.00 and set a “sector perform” rating on the stock in a research report on Monday, January 5th. Four investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Figma has an average rating of “Hold” and an average target price of $47.75.

View Our Latest Report on Figma

Institutional Investors Weigh In On Figma

Large investors have recently modified their holdings of the business. Voya Investment Management LLC purchased a new position in shares of Figma in the third quarter worth about $3,412,000. VERITY Wealth Advisors purchased a new stake in Figma during the 3rd quarter valued at about $519,000. Tripletail Wealth Management LLC acquired a new stake in Figma in the 3rd quarter valued at about $53,000. Renaissance Capital LLC purchased a new position in Figma in the 3rd quarter worth approximately $2,439,000. Finally, SOA Wealth Advisors LLC. purchased a new position in Figma in the 3rd quarter worth approximately $39,000.

About Figma

(Get Free Report)

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.

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