Figma (NYSE:FIG) CRO Sells $17,500,705.65 in Stock

Figma, Inc. (NYSE:FIG) CRO Shaunt Voskanian sold 403,335 shares of the stock in a transaction on Monday, November 10th. The shares were sold at an average price of $43.39, for a total value of $17,500,705.65. Following the completion of the sale, the executive owned 1,617,326 shares in the company, valued at approximately $70,175,775.14. This trade represents a 19.96% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Shaunt Voskanian also recently made the following trade(s):

• On Monday, November 3rd, Shaunt Voskanian sold 26,741 shares of Figma stock. The stock was sold at an average price of $48.17, for a total value of $1,288,113.97.

Figma Stock Performance

Shares of NYSE FIG opened at $38.86 on Friday. The business’s 50 day moving average price is $53.44. Figma, Inc. has a 1-year low of $38.53 and a 1-year high of $142.92.

Figma (NYSE:FIG) last posted its earnings results 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. The firm had revenue of $274.17 million for the quarter. During the same period in the prior year, the company earned $0.04 earnings per share. The business’s quarterly revenue was up 38.0% on a year-over-year basis. Figma has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS.

Hedge Funds Weigh In On Figma

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Voya Investment Management LLC acquired a new position in shares of Figma in the third quarter worth approximately $3,412,000. VERITY Wealth Advisors bought a new position in Figma in the third quarter worth approximately $519,000. Tripletail Wealth Management LLC acquired a new stake in Figma in the 3rd quarter valued at $53,000. Renaissance Capital LLC acquired a new position in shares of Figma during the third quarter valued at about $2,439,000. Finally, SOA Wealth Advisors LLC. bought a new stake in Figma during the 3rd quarter worth approximately $39,000.

Analysts Set New Price Targets

Several brokerages have weighed in on FIG. The Goldman Sachs Group lifted their price objective on Figma from $49.00 to $54.00 and gave the company a “neutral” rating in a report on Friday, November 7th. Wolfe Research assumed coverage on Figma in a research report on Monday, August 25th. They issued a “peer perform” rating on the stock. Piper Sandler dropped their price target on Figma from $85.00 to $70.00 and set an “overweight” rating for the company in a research note on Thursday, November 6th. JPMorgan Chase & Co. reduced their price objective on shares of Figma from $65.00 to $60.00 and set a “neutral” rating on the stock in a research note on Thursday, November 6th. Finally, Weiss Ratings started coverage on shares of Figma in a report on Friday, October 24th. They issued a “sell (d)” rating on the stock. Three analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $62.86.

Figma Company Profile

Figma is where teams come together to turn ideas into the world’s best digital products and experiences. Every day, billions of people around the world use apps, websites, and other digital experiences that are made in Figma. They’re looking up directions on Google Maps; requesting rides with Uber; checking in for flights on JetBlue; streaming shows on Netflix; learning languages with Duolingo; asking questions of Claude; connecting on LinkedIn; buying goods on Mercado Libre; or booking stays and experiences with Airbnb.