Yes. If you bought more than one ticket or if you do not intend to use your ticket, you can transfer your tickets from your profile page. Once logged into the festival site, go to “Manage Your Profile” under your profile menu (the one with your headshot or with a generic person icon). Near the bottom of the profile is a section called “Tickets”. Click on the ticket you wish to transfer to see details behind the ticket. In the details dialog, click the “Transfer Ticket” link.
Your recipient will receive instructions on claiming the ticket. Once the transfer has successfully completed, the ticket will disappear from your list of tickets and appear in theirs.