Figma (NYSE:FIG) Trading Down 5.1% – What’s Next?

Figma, Inc. (NYSE:FIG)’s share price was down 5.1% on Friday . The stock traded as low as $17.86 and last traded at $18.1120. Approximately 4,473,565 shares were traded during mid-day trading, a decline of 68% from the average daily volume of 13,895,420 shares. The stock had previously closed at $19.08.

Wall Street Analyst Weigh In

FIG has been the topic of a number of research analyst reports. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Figma in a research report on Monday, December 29th. Barclays raised shares of Figma to a “neutral” rating in a research report on Thursday, January 8th. Royal Bank Of Canada lowered their price objective on shares of Figma from $38.00 to $31.00 and set a “sector perform” rating on the stock in a research report on Thursday, February 19th. Morgan Stanley set a $44.00 target price on shares of Figma in a research note on Thursday, February 19th. Finally, The Goldman Sachs Group set a $35.00 target price on shares of Figma in a research note on Thursday, February 19th. Four analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $43.25.

Figma Price Performance

The stock’s 50 day moving average price is $24.53 and its two-hundred day moving average price is $36.54. The firm has a market capitalization of $7.89 billion and a price-to-earnings ratio of -5.72.

Figma (NYSE:FIG) last issued its quarterly earnings data on Wednesday, February 18th. The company reported $0.08 earnings per share for the quarter, topping analysts’ consensus estimates 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 business had revenue of $303.78 million during the quarter. The business’s revenue for the quarter was up 40.1% compared to the same quarter last year.

Insiders Place Their Bets

In other news, CAO Tyler Herb sold 1,678 shares of the business’s stock in a transaction on Tuesday, March 3rd. The shares were sold at an average price of $28.47, for a total value of $47,772.66. Following the completion of the sale, the chief accounting officer directly owned 188,913 shares in the company, valued at approximately $5,378,353.11. The trade was a 0.88% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CTO Kris Rasmussen sold 179,331 shares of the business’s stock in a transaction on Tuesday, March 3rd. The stock was sold at an average price of $29.80, for a total transaction of $5,344,063.80. Following the completion of the sale, the chief technology officer owned 10,169,178 shares of the company’s stock, valued at $303,041,504.40. The trade was a 1.73% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 1,378,811 shares of company stock valued at $40,904,464 in the last three months. Company insiders own 45.20% of the company’s stock.

Hedge Funds Weigh In On Figma

Several large investors have recently bought and sold shares of FIG. Whittier Trust Co. of Nevada Inc. acquired a new position in Figma during the 3rd quarter valued at $26,000. NewEdge Advisors LLC bought a new stake in Figma in the 3rd quarter valued at $26,000. DV Equities LLC bought a new stake in Figma in the 4th quarter valued at $26,000. Concord Wealth Partners increased its holdings in Figma by 1,446.8% in the 4th quarter. Concord Wealth Partners now owns 727 shares of the company’s stock valued at $27,000 after buying an additional 680 shares during the period. Finally, Harbour Investments Inc. increased its holdings in Figma by 1,568.2% in the 4th quarter. Harbour Investments Inc. now owns 734 shares of the company’s stock valued at $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.