Figma (NYSE:FIG) Trading Up 10.1% – Here’s What Happened

Posted by Stanley Muller on Aug 27th, 2026

Figma, Inc. (NYSE:FIG – Get Free Report) shares traded up 10.1% during trading on Thursday . The company traded as high as $29.42 and last traded at $29.7590. Approximately 5,212,629 shares were traded during mid-day trading, a decline of 71% from the average daily volume of 17,958,830 shares. The stock had previously closed at $27.03.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on FIG shares. Wells Fargo & Company cut their price objective on Figma from $42.00 to $36.00 and set an “overweight” rating for the company in a report on Friday, June 26th. Bank of America lifted their target price on Figma from $30.00 to $33.00 and gave the stock a “buy” rating in a report on Wednesday, August 19th. Oppenheimer reiterated a “market perform” rating on shares of Figma in a research report on Thursday, June 25th. Stifel Nicolaus set a $25.00 price target on shares of Figma in a report on Friday, May 15th. Finally, Royal Bank Of Canada restated a “sector perform” rating on shares of Figma in a research report on Thursday, August 6th. Five investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $32.56.

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Figma Price Performance

The firm’s fifty day simple moving average is $23.04 and its 200 day simple moving average is $22.70. The company has a market capitalization of $13.86 billion and a price-to-earnings ratio of -8.33.

Figma (NYSE:FIG – Get Free Report) last released its earnings results on Wednesday, August 5th. The company reported $0.08 earnings per share for the quarter, topping 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 business had revenue of $370.08 million for the quarter. During the same period last year, the business earned $0.09 earnings per share. The business’s revenue was up 48.2% on a year-over-year basis. Equities research analysts forecast that Figma, Inc. will post -0.75 earnings per share for the current fiscal year.

Insider Activity

In other news, General Counsel Brendan Mulligan sold 18,213 shares of the stock in a transaction on Wednesday, July 29th. The stock was sold at an average price of $25.00, for a total value of $455,325.00. Following the completion of the sale, the general counsel owned 951,571 shares in the company, valued at $23,789,275. This represents a 1.88% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Praveer Melwani sold 381,288 shares of Figma stock in a transaction on Wednesday, July 29th. The shares were sold at an average price of $25.13, for a total value of $9,581,767.44. Following the transaction, the chief financial officer owned 1,725,716 shares in the company, valued at $43,367,243.08. This represents a 18.10% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 1,355,912 shares of company stock worth $33,728,264. 32.26% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Figma

Several hedge funds have recently bought and sold shares of the business. Greylock XIV GP LLC purchased a new position in Figma during the 2nd quarter valued at about $1,056,824,403,000. SC US Ttgp LTD. lifted its position in shares of Figma by 5.8% in the first quarter. SC US Ttgp LTD. now owns 26,728,171 shares of the company’s stock worth $565,034,000 after purchasing an additional 1,466,851 shares in the last quarter. a16z Capital Management L.L.C. acquired a new stake in shares of Figma during the third quarter worth approximately $842,687,000. JPMorgan Chase & Co. boosted its holdings in shares of Figma by 119.4% during the fourth quarter. JPMorgan Chase & Co. now owns 6,643,939 shares of the company’s stock worth $248,284,000 after purchasing an additional 3,615,198 shares during the period. Finally, Viking Global Investors LP purchased a new position in Figma during the fourth quarter valued at approximately $214,967,000.

About Figma

(Get Free Report)

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.