Figma (NYSE:FIG) CTO Sells $5,138,004.38 in Stock

Figma, Inc. (NYSE:FIG) CTO Kris Rasmussen sold 205,438 shares of Figma stock in a transaction dated Tuesday, February 10th. The shares were sold at an average price of $25.01, for a total value of $5,138,004.38. Following the completion of the transaction, the chief technology officer owned 10,418,905 shares of the company’s stock, valued at $260,576,814.05. The trade was a 1.93% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

Kris Rasmussen also recently made the following trade(s):

• On Monday, February 2nd, Kris Rasmussen sold 74,305 shares of Figma stock. The shares were sold at an average price of $24.86, for a total transaction of $1,847,222.30.
• On Monday, January 5th, Kris Rasmussen sold 181,345 shares of Figma stock. The stock was sold at an average price of $37.25, for a total transaction 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 transaction 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 transaction of $6,511,876.77.
• On Monday, December 1st, Kris Rasmussen sold 18,211 shares of Figma stock. The stock was sold at an average price of $35.45, for a total transaction of $645,579.95.

Figma Price Performance

NYSE:FIG opened at $22.49 on Friday. Figma, Inc. has a 12 month low of $19.85 and a 12 month high of $142.92. The firm has a market capitalization of $9.35 billion and a PE ratio of -8.39. The business’s fifty day moving average price is $32.30 and its 200 day moving average price is $48.29.

Analysts Set New Price Targets

Several brokerages have recently weighed in on FIG. Barclays upgraded shares of Figma to a “neutral” rating in a research report on Thursday, January 8th. Stifel Nicolaus assumed coverage on shares of Figma in a research report on Wednesday, January 7th. They issued a “hold” rating and a $40.00 price target for the company. Piper Sandler dropped their price objective on Figma from $70.00 to $35.00 and set an “overweight” rating on the stock in a report on Monday, February 2nd. Wall Street Zen raised Figma from a “sell” rating to a “hold” rating in a report on Sunday, February 8th. Finally, Weiss Ratings reissued a “sell (e+)” rating on shares of Figma in a research report on Monday, December 29th. Four analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $47.75.

Hedge Funds Weigh In On Figma

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Whittier Trust Co. of Nevada Inc. acquired a new stake in Figma during the 3rd quarter worth approximately $26,000. NewEdge Advisors LLC purchased a new stake in shares of Figma during the third quarter worth approximately $26,000. Concord Wealth Partners raised its stake in shares of Figma by 1,446.8% during the fourth quarter. Concord Wealth Partners now owns 727 shares of the company’s stock worth $27,000 after purchasing an additional 680 shares during the last quarter. Harbour Investments Inc. lifted its holdings in shares of Figma by 1,568.2% during the fourth quarter. Harbour Investments Inc. now owns 734 shares of the company’s stock worth $27,000 after purchasing an additional 690 shares during the period. Finally, Wilmington Savings Fund Society FSB purchased a new position in Figma in the 3rd quarter valued at $27,000.

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.