Figma (NYSE:FIG) Given New $54.00 Price Target at The Goldman Sachs Group

Figma (NYSE:FIG) had its target price increased by investment analysts at The Goldman Sachs Group from $49.00 to $54.00 in a note issued to investors on Friday,Benzinga reports. The firm presently has a “neutral” rating on the stock. The Goldman Sachs Group’s target price points to a potential upside of 22.42% from the company’s previous close.

Several other brokerages have also recently issued reports on FIG. JPMorgan Chase & Co. reduced their target price on shares of Figma from $65.00 to $60.00 and set a “neutral” rating for the company in a report on Thursday. Zacks Research upgraded Figma to a “hold” rating in a research note on Thursday, August 21st. Royal Bank Of Canada dropped their target price on Figma from $75.00 to $65.00 and set a “sector perform” rating on the stock in a report on Thursday, September 4th. Wolfe Research started coverage on Figma in a report on Monday, August 25th. They issued a “peer perform” rating for the company. Finally, Wells Fargo & Company dropped their price objective on shares of Figma from $70.00 to $52.00 and set an “equal weight” rating on the stock in a research note on Wednesday. Three research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Figma has an average rating of “Hold” and a consensus price target of $62.86.

Figma Stock Performance

Shares of FIG stock traded down $1.87 during mid-day trading on Friday, reaching $44.11. The stock had a trading volume of 32,003,630 shares, compared to its average volume of 11,655,805. Figma has a 1-year low of $43.00 and a 1-year high of $142.92. The business has a fifty day moving average of $55.98.

Figma (NYSE:FIG) last issued its earnings results on Wednesday, November 5th. The company reported $0.10 EPS for the quarter, beating analysts’ consensus estimates of ($1.56) by $1.66. The firm had revenue of $274.17 million during the quarter. During the same quarter in the prior year, the company posted $0.04 EPS. The firm’s revenue was up 38.0% compared to the same quarter last year. Figma has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS.

Insider Activity at Figma

In other Figma news, General Counsel Brendan Mulligan sold 9,526 shares of the stock in a transaction on Monday, November 3rd. The shares were sold at an average price of $48.17, for a total transaction of $458,867.42. Following the transaction, the general counsel directly owned 937,480 shares of the company’s stock, valued at $45,158,411.60. This trade represents a 1.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CRO Shaunt Voskanian sold 26,741 shares of the business’s stock in a transaction dated Monday, November 3rd. The stock was sold at an average price of $48.17, for a total transaction of $1,288,113.97. Following the sale, the executive directly owned 1,602,866 shares of the company’s stock, valued at $77,210,055.22. This represents a 1.64% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 129,230 shares of company stock valued at $6,225,009 in the last three months. Company insiders own 45.20% of the company’s stock.

Institutional Investors Weigh In On Figma

A number of hedge funds have recently modified their holdings of the company. Whittier Trust Co. of Nevada Inc. acquired a new position in Figma in the third quarter valued at about $26,000. SOA Wealth Advisors LLC. purchased a new stake in Figma during the 3rd quarter worth approximately $39,000. Tripletail Wealth Management LLC acquired a new stake in Figma during the 3rd quarter worth approximately $53,000. CoreCap Advisors LLC purchased a new stake in shares of Figma during the third quarter worth $57,000. Finally, North Star Investment Management Corp. acquired a new stake in shares of Figma in the third quarter valued at $62,000.

About Figma

Figma is where teams come together to turn ideas into the world’s best digital products and experiences. Every day, billions of people around the world use apps, websites, and other digital experiences that are made in Figma. They’re looking up directions on Google Maps; requesting rides with Uber; checking in for flights on JetBlue; streaming shows on Netflix; learning languages with Duolingo; asking questions of Claude; connecting on LinkedIn; buying goods on Mercado Libre; or booking stays and experiences with Airbnb.