Figma, Inc. (NYSE:FIG – Get Free Report)’s share price traded up 4.8% on Tuesday . The company traded as high as $26.18 and last traded at $26.1860. 2,419,353 shares traded hands during mid-day trading, a decline of 87% from the average daily volume of 18,206,395 shares. The stock had previously closed at $24.99.
Wall Street Analyst Weigh In
FIG has been the topic of a number of research analyst reports. Stifel Nicolaus set a $25.00 target price on shares of Figma in a research note on Friday, May 15th. Oppenheimer reissued a “market perform” rating on shares of Figma in a research report on Thursday, June 25th. JPMorgan Chase & Co. decreased their price target on shares of Figma from $45.00 to $42.00 and set a “neutral” rating for the company in a report on Friday, May 15th. Wells Fargo & Company lowered their price target on Figma from $42.00 to $36.00 and set an “overweight” rating on the stock in a research report on Friday, June 26th. Finally, Royal Bank Of Canada reiterated a “sector perform” rating on shares of Figma in a research note on Thursday, August 6th. Five analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Figma currently has a consensus rating of “Hold” and an average target price of $32.22.
Check Out Our Latest Report on Figma
Figma Stock Up 4.1%
Figma (NYSE:FIG – Get Free Report) last released its earnings results on Wednesday, August 5th. The company reported $0.08 EPS for the quarter, beating the consensus estimate of ($0.22) by $0.30. Figma had a negative net margin of 123.15% and a negative return on equity of 100.03%. The firm had revenue of $370.08 million during the quarter. During the same quarter in the previous year, the company earned $0.09 earnings per share. Figma’s revenue for the quarter was up 48.2% compared to the same quarter last year. As a group, analysts expect that Figma, Inc. will post -0.75 EPS for the current fiscal year.
Insider Buying and Selling at Figma
In related news, CEO Dylan Field sold 174,430 shares of the business’s stock in a transaction dated Friday, May 29th. The stock was sold at an average price of $25.02, for a total transaction of $4,364,238.60. The sale was disclosed in a document filed with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, General Counsel Brendan Mulligan sold 18,213 shares of the company’s stock in a transaction that occurred on Wednesday, July 29th. The shares were sold at an average price of $25.00, for a total value of $455,325.00. Following the completion of the transaction, the general counsel directly owned 951,571 shares of the company’s stock, valued at approximately $23,789,275. This trade represents a 1.88% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 1,354,072 shares of company stock valued at $33,678,327 in the last three months. Company insiders own 32.26% of the company’s stock.
Institutional Trading of Figma
Institutional investors have recently modified their holdings of the company. Parallel Advisors LLC raised its stake in shares of Figma by 3,890.0% in the first quarter. Parallel Advisors LLC now owns 1,197 shares of the company’s stock valued at $25,000 after purchasing an additional 1,167 shares in the last quarter. NewEdge Advisors LLC acquired a new stake in Figma during the third quarter valued at approximately $26,000. DV Equities LLC acquired a new position in shares of Figma in the 4th quarter worth approximately $26,000. Concord Wealth Partners lifted its position in shares of Figma by 1,446.8% during the 4th quarter. Concord Wealth Partners now owns 727 shares of the company’s stock worth $27,000 after buying an additional 680 shares during the period. Finally, Harbour Investments Inc. lifted its position in shares of Figma by 1,568.2% during the 4th quarter. Harbour Investments Inc. now owns 734 shares of the company’s stock worth $27,000 after buying an additional 690 shares during the period.
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.
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