Figma (NYSE:FIG) Hits New 52-Week Low – Time to Sell?

Figma, Inc. (NYSE:FIG) shares reached a new 52-week low on Friday . The stock traded as low as $16.80 and last traded at $17.3250, with a volume of 23327998 shares traded. The stock had previously closed at $19.17.

Analysts Set New Price Targets

A number of analysts recently commented on FIG shares. Royal Bank Of Canada lowered their price objective on shares of Figma from $38.00 to $31.00 and set a “sector perform” rating for the company in a research report on Thursday, February 19th. Barclays raised Figma to a “neutral” rating in a research note on Thursday, January 8th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Figma in a report on Monday, December 29th. Wells Fargo & Company decreased their price objective on Figma from $52.00 to $42.00 and set an “overweight” rating for the company in a research report on Thursday, February 19th. Finally, The Goldman Sachs Group set a $35.00 target price on shares of Figma in a report on Thursday, February 19th. Four research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Figma has a consensus rating of “Hold” and a consensus price target of $43.25.

Figma Price Performance

The business’s 50-day moving average is $23.74 and its two-hundred day moving average is $34.11. The firm has a market cap of $7.64 billion and a P/E ratio of -5.55.

Figma (NYSE:FIG) last issued its quarterly earnings results on Wednesday, February 18th. The company reported $0.08 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.20) by $0.28. Figma had a negative net margin of 121.87% and a negative return on equity of 97.03%. The firm had revenue of $303.78 million for the quarter. The company’s quarterly revenue was up 40.1% on a year-over-year basis. Equities research analysts predict that Figma, Inc. will post -0.69 EPS for the current year.

Insiders Place Their Bets

In other Figma news, CTO Kris Rasmussen sold 179,331 shares of the firm’s stock in a transaction that occurred on Tuesday, March 3rd. The stock was sold at an average price of $29.80, for a total value of $5,344,063.80. Following the completion of the transaction, the chief technology officer directly owned 10,169,178 shares in the company, valued at $303,041,504.40. This trade represents a 1.73% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Dylan Field sold 250,000 shares of the business’s stock in a transaction that occurred on Thursday, February 26th. The stock was sold at an average price of $30.80, for a total value of $7,700,000.00. The SEC filing for this sale provides additional information. Insiders have sold 1,060,645 shares of company stock valued at $30,526,164 in the last quarter. 45.20% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Figma

Hedge funds and other institutional investors have recently made changes to their positions in the company. Alphabet Inc. bought a new stake in shares of Figma in the 3rd quarter valued at about $11,182,000. Mirae Asset Global Investments Co. Ltd. grew its holdings in Figma by 69.3% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 285,055 shares of the company’s stock worth $10,653,000 after purchasing an additional 116,681 shares during the period. Rit Capital Partners PLC acquired a new position in Figma during the third quarter worth approximately $2,592,000. Freestone Capital Holdings LLC acquired a new position in Figma during the fourth quarter worth approximately $10,297,000. Finally, Baillie Gifford & Co. raised its stake in Figma by 93.8% in the fourth quarter. Baillie Gifford & Co. now owns 5,763,613 shares of the company’s stock valued at $215,386,000 after buying an additional 2,789,986 shares during the period.

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.