Figma Target of Unusually High Options Trading (NYSE:FIG)

Figma, Inc. (NYSE:FIG) saw unusually large options trading activity on Thursday. Traders purchased 51,748 call options on the stock. This represents an increase of 40% compared to the average volume of 36,918 call options.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on FIG shares. Wells Fargo & Company decreased their price objective on Figma from $52.00 to $42.00 and set an “overweight” rating on the stock in a report on Thursday. Morgan Stanley set a $44.00 price objective on shares of Figma in a report on Thursday. Barclays raised shares of Figma to a “neutral” rating in a research note on Thursday, January 8th. Stifel Nicolaus decreased their price objective on Figma from $40.00 to $30.00 and set a “hold” rating for the company in a report on Thursday. Finally, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Figma in a report on Monday, December 29th. Four equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $43.25.

Key Stories Impacting Figma

Here are the key news stories impacting Figma this week:

• Positive Sentiment: Q4 beat and raised guidance — Figma reported $0.08 EPS (vs. consensus -$0.20) and $303.8M revenue (up 40% YoY), then guided FY‑2026 revenue above Street expectations (~$1.366–1.374B). This beat-and-raise is the primary driver of the rally. Reuters: Figma forecasts annual revenue above estimates
• Positive Sentiment: AI monetization: management will start enforcing monthly AI credit limits and roll out pay-as-you-go pricing for heavy AI users in March — a consumption-based revenue stream that can lift revenue per customer as AI usage scales. Yahoo Finance: Valuation check and AI usage-based pricing
• Positive Sentiment: Anthropic partnership & product adoption — the “Code to Canvas” integration with Anthropic (Claude) and strong uptake of Figma Make broaden the user base beyond designers, embedding Figma into developer workflows and increasing stickiness. Market stats cited include net dollar retention of ~136% and faster non-designer adoption. MarketBeat: Anthropic integration could flip SaaSpocalypse script
• Positive Sentiment: Healthy cash and improving profitability signals — management highlighted a strong cash balance (~$1.7B), adjusted free cash flow generation and a positive non‑GAAP operating margin, supporting runway for execution and optionality. Diginomica: Figma crosses $1B in revenue
• Neutral Sentiment: Analyst re-ratings and coverage — Piper Sandler reaffirmed an “overweight” and set a $35 PT, which can support upward momentum but is not a fundamental change. Benzinga: Piper Sandler rating
• Neutral Sentiment: Management communication — CEO interviews and the earnings call stressed the AI roadmap and product strategy; useful for conviction but subject to execution risk. YouTube: CEO Dylan Field on Q4 results
• Negative Sentiment: Insider selling and prior valuation haircut — January lock‑up expirations and heavy insider sales earlier in 2026 contributed to the stock’s depressed level versus IPO and 52‑week highs, adding selling pressure and volatility. MarketBeat: Insider selling noted
• Negative Sentiment: Still unprofitable on GAAP metrics and execution risks — Figma reported a large negative net margin and negative ROE; continued profitability improvement and successful commercialization of AI consumption will be required to justify higher multiples. MarketBeat: Q4 results and metrics
• Negative Sentiment: Third‑party AI risks — some investors flagged concerns about deeper integrations with large AI models (security/data risks, vendor concentration), which could temper enthusiasm if issues arise. MSN: Investor concerns over AI integrations

Figma Stock Up 3.0%

Figma stock traded up $0.72 during trading hours on Thursday, hitting $24.91. The stock had a trading volume of 33,044,369 shares, compared to its average volume of 12,151,030. Figma has a one year low of $19.85 and a one year high of $142.92. The stock has a market cap of $10.36 billion and a price-to-earnings ratio of -9.29. The business’s 50 day simple moving average is $31.38 and its 200-day simple moving average is $47.25.

Figma (NYSE:FIG) last released its quarterly earnings data on Wednesday, February 18th. The company reported $0.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.20) by $0.28. The company had revenue of $303.78 million for the quarter. Figma had a negative net margin of 99.32% and a negative return on equity of 84.34%. Figma’s revenue was up 40.1% on a year-over-year basis.

Insider Buying and Selling

In related news, CAO Tyler Herb sold 2,232 shares of the business’s stock in a transaction dated Monday, February 2nd. The stock was sold at an average price of $24.86, for a total transaction of $55,487.52. Following the transaction, the chief accounting officer directly owned 195,926 shares in the company, valued at $4,870,720.36. The trade was a 1.13% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, General Counsel Brendan Mulligan sold 5,227 shares of the business’s stock in a transaction that occurred on Tuesday, February 10th. The shares were sold at an average price of $25.00, for a total value of $130,675.00. Following the sale, the general counsel owned 850,489 shares in the company, valued at approximately $21,262,225. This represents a 0.61% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 1,781,925 shares of company stock worth $59,260,303. 45.20% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Figma

Institutional investors have recently added to or reduced their stakes in the company. Voya Investment Management LLC bought a new position in shares of Figma during the 3rd quarter worth approximately $3,412,000. VERITY Wealth Advisors bought a new position in Figma in the 3rd quarter valued at $519,000. Tripletail Wealth Management LLC purchased a new position in shares of Figma in the 3rd quarter worth about $53,000. Renaissance Capital LLC purchased a new position in shares of Figma in the 3rd quarter worth about $2,439,000. Finally, SOA Wealth Advisors LLC. bought a new position in Figma during the third quarter valued at about $39,000.

About Figma

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.