Figma (NYSE:FIG) Shares Down 4.8% – What’s Next?

Figma, Inc. (NYSE:FIG) shares dropped 4.8% during mid-day trading on Tuesday . The stock traded as low as $28.91 and last traded at $29.0160. Approximately 4,421,823 shares traded hands during trading, a decline of 70% from the average daily volume of 14,680,463 shares. The stock had previously closed at $30.48.

Analyst Upgrades and Downgrades

FIG has been the subject of several recent analyst reports. Weiss Ratings reiterated a “sell (e+)” rating on shares of Figma in a research note on Monday, December 29th. The Goldman Sachs Group set a $35.00 price objective on Figma in a 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. Stifel Nicolaus cut their target price on shares of Figma from $40.00 to $30.00 and set a “hold” rating for the company in a research report on Thursday, February 19th. Finally, Wells Fargo & Company dropped their price objective on Figma from $52.00 to $42.00 and set an “overweight” rating on the stock in a research note on Thursday, February 19th. Four equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $43.25.

Figma Price Performance

The company has a market cap of $12.62 billion and a price-to-earnings ratio of -9.17. The business has a 50 day simple moving average of $29.05 and a 200 day simple moving average of $42.37.

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, topping the consensus estimate of ($0.20) by $0.28. The business had revenue of $303.78 million for the quarter. Figma had a negative net margin of 121.87% and a negative return on equity of 97.03%. The company’s revenue for the quarter was up 40.1% on a year-over-year basis.

Insider Transactions at Figma

In other Figma news, CEO Dylan Field sold 250,000 shares of Figma stock in a transaction that occurred on Monday, December 15th. The stock was sold at an average price of $34.66, for a total value of $8,665,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CTO Kris Rasmussen sold 205,438 shares of the stock in a transaction on Tuesday, February 10th. The stock was sold at an average price of $25.01, for a total value of $5,138,004.38. Following the completion of the transaction, the chief technology officer owned 10,418,905 shares in the company, valued at approximately $260,576,814.05. This represents a 1.93% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 1,967,427 shares of company stock worth $62,086,778.

Institutional Trading of Figma

Institutional investors have recently made changes to their positions in the company. SC US Ttgp LTD. purchased a new stake in shares of Figma during the third quarter valued at approximately $1,310,305,000. ICONIQ Capital LLC purchased a new position in shares of Figma in the 3rd quarter worth about $1,108,879,000. a16z Capital Management L.L.C. purchased a new position in Figma in the third quarter valued at about $842,687,000. Viking Global Investors LP bought a new stake in Figma in the 4th quarter valued at about $214,967,000. Finally, Durable Capital Partners LP bought a new position in Figma in the 3rd quarter worth approximately $278,510,000.

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.