Insider Trading Activity Raises Concerns for $FIGS Investors

Insider sales of $FIGS stock signal potential concerns for investors. Heather L. Hasson sold shares, contributing to a trend of six insider sales with no purchases, which could affect investor confidence and stock price.

Date: 09-01-2025

AI Rating: 5

Insider Trading Activity
Recent insider trading activity at $FIGS raises some red flags for current and potential investors. Heather L. Hasson, the Executive Chair, sold 26,855 shares on January 6, 2025, which represents approximately 7.0% of her holdings. This sale is part of a larger trend, as insiders have not made any purchases but have conducted six sales in the past six months, totaling 111,638 shares sold by Hasson alone. The consistent selling without buying suggests a lack of confidence among insiders, which can negatively impact investor sentiment and, consequently, the stock price.

Institutional Investor Activity
On another front, institutional investor activity shows a mixed outlook for $FIGS. In the most recent quarter, 81 institutional investors have added shares to their portfolios, while 90 have decreased their holdings. Notably, BAMCO INC added a significant 3,342,755 shares, representing a 12.5% increase. However, major investors like AMERIPRISE FINANCIAL INC and BANK OF NEW YORK MELLON CORP have substantially reduced their positions by 12.4% and 45.3%, respectively. This divergent behavior among institutional investors reflects uncertainties regarding the company's stock performance and may contribute to volatility in stock prices moving forward.

Stocks: FIGS