Insider Selling: FIGS (NYSE:FIGS) CFO Sells $239,606.40 in Stock

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

FIGS opened at $10.52 on Thursday. FIGS, Inc. has a fifty-two week low of $3.57 and a fifty-two week high of $12.50. The firm has a 50-day moving average of $11.49 and a 200 day moving average of $8.97. The firm has a market cap of $1.73 billion, a P/E ratio of 105.16 and a beta of 1.29.

Hedge Funds Weigh In On FIGS

A number of large investors have recently modified their holdings of the company. Bamco Inc. NY increased its holdings in FIGS by 2.2% during the 2nd quarter. Bamco Inc. NY now owns 59,974,407 shares of the company’s stock worth $338,256,000 after acquiring an additional 1,302,823 shares during the period. Ameriprise Financial Inc. increased its holdings in shares of FIGS by 9.0% in the second quarter. Ameriprise Financial Inc. now owns 13,936,468 shares of the company’s stock worth $78,602,000 after purchasing an additional 1,144,962 shares during the period. Vanguard Group Inc. increased its holdings in shares of FIGS by 4.6% in the third quarter. Vanguard Group Inc. now owns 9,609,320 shares of the company’s stock worth $64,286,000 after purchasing an additional 425,189 shares during the period. Dimensional Fund Advisors LP raised its position in shares of FIGS by 1.6% in the third quarter. Dimensional Fund Advisors LP now owns 4,417,008 shares of the company’s stock worth $29,549,000 after buying an additional 70,660 shares in the last quarter. Finally, Geode Capital Management LLC boosted its stake in FIGS by 5.2% during the fourth quarter. Geode Capital Management LLC now owns 2,957,667 shares of the company’s stock valued at $33,608,000 after buying an additional 145,270 shares during the period. 92.21% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the stock. Morgan Stanley lifted their price target on shares of FIGS from $7.50 to $8.00 and gave the stock an “equal weight” rating in a report on Tuesday, January 13th. Wall Street Zen raised FIGS from a “buy” rating to a “strong-buy” rating in a research report on Saturday, January 17th. Zacks Research raised FIGS from a “hold” rating to a “strong-buy” rating in a research report on Friday, November 7th. BTIG Research increased their price target on FIGS from $12.00 to $15.00 and gave the stock a “buy” rating in a research note on Wednesday, December 10th. Finally, Barclays boosted their price objective on FIGS from $9.00 to $11.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 6th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $10.10.

FIGS Company Profile

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.