Figma (NYSE:FIG) Stock Price Crosses Below 200 Day Moving Average – Here’s Why

Posted by Francis Steltz on Oct 29th, 2026

Figma, Inc. (NYSE:FIG – Get Free Report) passed below its 200-day moving average during trading on Tuesday. The stock has a 200-day moving average of $23.45 and traded as low as $22.67. Figma shares last traded at $22.9480, with a volume of 9,601,940 shares changing hands.

Analysts Set New Price Targets

A number of research analysts recently weighed in on FIG shares. Stifel Nicolaus dropped their price target on Figma from $25.00 to $22.00 and set a “hold” rating on the stock in a research note on Wednesday, October 14th. Bank of America boosted their price objective on Figma from $30.00 to $33.00 and gave the company a “buy” rating in a report on Wednesday, August 19th. Royal Bank Of Canada restated a “sector perform” rating on shares of Figma in a report on Thursday, August 6th. Weiss Ratings raised Figma from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Tuesday, October 6th. Finally, Wells Fargo & Company cut their target price on Figma from $34.00 to $30.00 and set an “overweight” rating on the stock in a report on Monday, October 12th. Four research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Figma presently has a consensus rating of “Hold” and a consensus target price of $31.33.

Check Out Our Latest Stock Analysis on Figma

Figma Stock Performance

The business has a 50 day simple moving average of $23.47 and a 200-day simple moving average of $23.30.

Figma (NYSE:FIG – Get Free Report) last posted its earnings results on Wednesday, August 5th. The company reported $0.08 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.22) by $0.30. The company had revenue of $370.08 million for the quarter. Figma had a negative return on equity of 100.03% and a negative net margin of 123.15%. The firm’s revenue for the quarter was up 48.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.09 EPS. Equities research analysts expect that Figma, Inc. will post -0.75 earnings per share for the current fiscal year.

Insider Activity

In other news, CTO Kris Rasmussen sold 196,397 shares of the stock in a transaction dated Tuesday, August 4th. The shares were sold at an average price of $25.53, for a total value of $5,014,015.41. Following the completion of the sale, the chief technology officer owned 9,234,587 shares in the company, valued at $235,759,006.11. This represents a 2.08% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Praveer Melwani sold 40,000 shares of the firm’s stock in a transaction dated Tuesday, August 4th. The shares were sold at an average price of $26.63, for a total transaction of $1,065,200.00. Following the transaction, the chief financial officer directly owned 1,674,544 shares in the company, valued at $44,593,106.72. The trade was a 2.33% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 674,763 shares of company stock worth $18,174,484. Company insiders own 32.26% of the company’s stock.

Hedge Funds Weigh In On Figma

Hedge funds have recently modified their holdings of the company. Seelaus Asset Management LLC boosted its stake in shares of Figma by 6.9% in the 3rd quarter. Seelaus Asset Management LLC now owns 12,217 shares of the company’s stock worth $257,000 after buying an additional 788 shares during the last quarter. Allen Operations LLC increased its position in shares of Figma by 4.3% during the first quarter. Allen Operations LLC now owns 19,596 shares of the company’s stock valued at $414,000 after acquiring an additional 813 shares during the last quarter. D.A. Davidson & CO. increased its position in shares of Figma by 9.7% during the first quarter. D.A. Davidson & CO. now owns 12,230 shares of the company’s stock valued at $259,000 after acquiring an additional 1,085 shares during the last quarter. Parallel Advisors LLC lifted its holdings in Figma by 3,890.0% during the first quarter. Parallel Advisors LLC now owns 1,197 shares of the company’s stock worth $25,000 after acquiring an additional 1,167 shares during the period. Finally, Resolute Advisors LLC lifted its holdings in Figma by 5.1% during the second quarter. Resolute Advisors LLC now owns 27,133 shares of the company’s stock worth $491,000 after acquiring an additional 1,320 shares during the period.

About Figma

(Get Free Report)

Figma, Inc (NYSE: FIG) develops collaborative software for designing digital products and user experiences. Its browser-based platform enables teams to create, prototype, review and manage designs in real time, supporting collaboration among designers, developers, product managers and other stakeholders.

The company’s product portfolio includes Figma Design, a collaborative interface-design and prototyping tool; FigJam, an online whiteboard for brainstorming and planning; and Dev Mode, which helps developers inspect designs and translate them into software.