Insider Selling: FIGS, Inc. (NYSE:FIGS) Insider Sells 26,855 Shares of Stock

FIGS, Inc. (NYSE:FIGS) insider Heather L. Hasson sold 26,855 shares of the business’s stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $5.96, for a total value of $160,055.80. Following the sale, the insider now owns 354,221 shares in the company, valued at approximately $2,111,157.16. This trade represents a 7.05 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

FIGS Stock Performance

Shares of FIGS stock traded up $0.13 during mid-day trading on Wednesday, hitting $6.07. The company’s stock had a trading volume of 3,024,901 shares, compared to its average volume of 2,070,100. The company has a market cap of $1.03 billion, a PE ratio of 101.17, a P/E/G ratio of 290.40 and a beta of 1.33. The company’s fifty day simple moving average is $5.56 and its 200-day simple moving average is $5.80. FIGS, Inc. has a 52 week low of $4.30 and a 52 week high of $7.05.

Hedge Funds Weigh In On FIGS

A number of institutional investors and hedge funds have recently modified their holdings of FIGS. Rhumbline Advisers grew its stake in FIGS by 17.0% in the second quarter. Rhumbline Advisers now owns 207,382 shares of the company’s stock valued at $1,105,000 after acquiring an additional 30,077 shares during the period. Malaga Cove Capital LLC increased its stake in FIGS by 28.3% during the 2nd quarter. Malaga Cove Capital LLC now owns 180,844 shares of the company’s stock valued at $964,000 after purchasing an additional 39,928 shares in the last quarter. Headlands Technologies LLC lifted its stake in shares of FIGS by 972.2% in the second quarter. Headlands Technologies LLC now owns 34,997 shares of the company’s stock valued at $187,000 after buying an additional 31,733 shares in the last quarter. Rice Hall James & Associates LLC acquired a new position in shares of FIGS during the second quarter valued at about $3,856,000. Finally, American Century Companies Inc. bought a new stake in shares of FIGS during the second quarter worth about $554,000. 92.21% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have recently issued reports on FIGS shares. The Goldman Sachs Group dropped their price target on shares of FIGS from $5.00 to $4.50 and set a “sell” rating for the company in a research note on Tuesday, December 10th. Telsey Advisory Group restated a “market perform” rating and issued a $7.00 price objective on shares of FIGS in a report on Wednesday, November 13th. Finally, Barclays cut their target price on FIGS from $5.00 to $4.00 and set an “equal weight” rating on the stock in a report on Tuesday, November 12th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, FIGS presently has an average rating of “Hold” and an average target price of $5.35.

About FIGS

FIGS, Inc operates as a direct-to-consumer healthcare apparel and lifestyle company in the United States and internationally. It designs and sells healthcare apparel and scrubwear and non-scrubwear offerings, such as outerwear, underscrubs, footwear, compression socks, lab coats, loungewear, and other apparel.