Figma (NYSE:FIG) Shares Down 7.5% – What’s Next?

Figma, Inc. (NYSE:FIG)’s share price was down 7.5% during mid-day trading on Tuesday . The company traded as low as $33.51 and last traded at $33.66. Approximately 5,307,729 shares were traded during trading, an increase of 12% from the average daily volume of 4,734,825 shares. The stock had previously closed at $36.40.

Analysts Set New Price Targets

FIG has been the subject of several analyst reports. The Goldman Sachs Group assumed coverage on shares of Figma in a report on Monday. They set a “neutral” rating and a $40.00 price target for the company. Weiss Ratings restated a “sell (e+)” rating on shares of Figma in a research note on Monday, December 29th. Wells Fargo & Company raised Figma from an “equal weight” rating to an “overweight” rating and set a $52.00 target price on the stock in a report on Thursday, January 8th. Piper Sandler lowered their price target on Figma from $85.00 to $70.00 and set an “overweight” rating for the company in a report on Thursday, November 6th. Finally, Stifel Nicolaus began coverage on Figma in a research note on Wednesday, January 7th. They issued a “hold” rating and a $40.00 price objective on the stock. Four equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Figma has an average rating of “Hold” and a consensus target price of $54.88.

Figma Stock Performance

The stock has a 50-day simple moving average of $38.32. The stock has a market cap of $14.05 billion and a price-to-earnings ratio of -12.61.

Figma (NYSE:FIG) last announced its quarterly 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 for the quarter. Figma had a negative return on equity of 84.34% and a negative net margin of 99.32%.The business’s revenue for the quarter was up 38.0% compared to the same quarter last year. During the same period in the previous year, the business posted $0.04 earnings per share.

Insider Buying and Selling at Figma

In related news, CRO Shaunt Voskanian sold 8,449 shares of the stock in a transaction on Monday, January 5th. The stock was sold at an average price of $37.24, for a total value of $314,640.76. Following the completion of the sale, the executive directly owned 1,592,563 shares in the company, valued at $59,307,046.12. This represents a 0.53% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CTO Kris Rasmussen sold 181,345 shares of Figma stock in a transaction dated Monday, January 5th. The stock was sold at an average price of $37.25, for a total value of $6,755,101.25. Following the transaction, the chief technology officer directly owned 10,698,648 shares in the company, valued at $398,524,638. The trade was a 1.67% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 5,191,822 shares of company stock worth $198,725,671 over the last quarter.

Institutional Investors Weigh In On Figma

Institutional investors and hedge funds have recently made changes to their positions in the stock. Whittier Trust Co. of Nevada Inc. acquired a new position in shares of Figma in the third quarter worth approximately $26,000. NewEdge Advisors LLC acquired a new stake in Figma during the 3rd quarter valued at approximately $26,000. Wilmington Savings Fund Society FSB acquired a new stake in Figma during the 3rd quarter valued at approximately $27,000. Sunbelt Securities Inc. bought a new position in Figma during the 3rd quarter worth approximately $30,000. Finally, US Bancorp DE acquired a new position in shares of Figma in the 3rd quarter worth approximately $31,000.

Figma Company Profile

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.