JPMorgan Chase & Co. Issues Pessimistic Forecast for Figma (NYSE:FIG) Stock Price

Figma (NYSE:FIG) had its price target lowered by JPMorgan Chase & Co. from $65.00 to $60.00 in a research note issued on Thursday,Benzinga reports. The firm currently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s target price suggests a potential upside of 36.02% from the company’s current price.

Other research analysts also recently issued research reports about the company. Piper Sandler lowered their target price on Figma from $85.00 to $70.00 and set an “overweight” rating for the company in a research note on Thursday. William Blair reaffirmed an “outperform” rating on shares of Figma in a report on Thursday, September 4th. Wall Street Zen upgraded shares of Figma to a “hold” rating in a research report on Saturday, August 9th. The Goldman Sachs Group started coverage on shares of Figma in a research report on Monday, August 25th. They issued a “neutral” rating and a $48.00 target price on the stock. Finally, Wolfe Research initiated coverage on shares of Figma in a research note on Monday, August 25th. They set a “peer perform” rating on the stock. Three research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $62.86.

Figma Trading Down 4.1%

Shares of NYSE FIG opened at $44.11 on Thursday. The stock has a fifty day moving average of $55.46. Figma has a 52 week low of $43.00 and a 52 week high of $142.92.

Figma (NYSE:FIG) last posted its quarterly earnings results on Wednesday, November 5th. The company reported $0.10 earnings per share (EPS) for the quarter, topping the consensus estimate of ($1.56) by $1.66. The firm had revenue of $274.17 million for the quarter. The company’s quarterly revenue was up 38.0% compared to the same quarter last year. During the same quarter last year, the company earned $0.04 EPS. Figma has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS.

Insider Activity at Figma

In related news, CTO Kris Rasmussen sold 73,738 shares of the business’s stock in a transaction dated Monday, November 3rd. The stock was sold at an average price of $48.17, for a total value of $3,551,959.46. Following the completion of the sale, the chief technology officer directly owned 11,378,919 shares of the company’s stock, valued at $548,122,528.23. The trade was a 0.64% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CRO Shaunt Voskanian sold 26,741 shares of the company’s stock in a transaction that occurred on Monday, November 3rd. The stock was sold at an average price of $48.17, for a total value of $1,288,113.97. Following the transaction, the executive directly owned 1,602,866 shares in the company, valued at approximately $77,210,055.22. This trade represents a 1.64% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 129,230 shares of company stock worth $6,225,009 over the last ninety days. 45.20% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Figma

A number of institutional investors have recently modified their holdings of the company. Voya Investment Management LLC bought a new position in shares of Figma in the 3rd quarter worth $3,412,000. VERITY Wealth Advisors acquired a new position in Figma during the third quarter worth $519,000. Tripletail Wealth Management LLC bought a new position in shares of Figma in the third quarter valued at $53,000. Renaissance Capital LLC acquired a new position in shares of Figma during the third quarter valued at about $2,439,000. Finally, SOA Wealth Advisors LLC. acquired a new position in shares of Figma during the third quarter valued at about $39,000.

Figma Company Profile

Figma is where teams come together to turn ideas into the world’s best digital products and experiences. Every day, billions of people around the world use apps, websites, and other digital experiences that are made in Figma. They’re looking up directions on Google Maps; requesting rides with Uber; checking in for flights on JetBlue; streaming shows on Netflix; learning languages with Duolingo; asking questions of Claude; connecting on LinkedIn; buying goods on Mercado Libre; or booking stays and experiences with Airbnb.