Figma (NYSE:FIG) Stock Gets Price Target Reduction from Stifel Nicolaus

Figma (NYSE:FIG) had its target price trimmed by Stifel Nicolaus from $25.00 to $22.00 in a research note issued to investors on Wednesday, Marketbeat Ratings reports. The firm currently has a hold rating on the stock.

FIG has been the topic of a number of other research reports. Morgan Stanley set a $33.00 price objective on shares of Figma in a research note on Thursday, August 6th. Oppenheimer reissued a “market perform” rating on shares of Figma in a report on Thursday, June 25th. Royal Bank Of Canada restated a “sector perform” rating on shares of Figma in a research report on Thursday, August 6th. Weiss Ratings upgraded shares of Figma from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Tuesday, October 6th. Finally, Bank of America upped their price target on shares of Figma from $30.00 to $33.00 and gave the company a “buy” rating in a report on Wednesday, August 19th. Four research 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’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $31.56.

Figma Trading Down 6.5%

Shares of NYSE:FIG opened at $21.50 on Wednesday. Figma has a twelve month low of $16.60 and a twelve month high of $58.58. The company’s 50 day moving average is $23.86 and its 200 day moving average is $22.04.

Figma (NYSE:FIG) last posted its quarterly earnings results on Wednesday, August 5th. The company reported $0.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 company had revenue of $370.08 million during the quarter. During the same period in the prior year, the business posted $0.09 earnings per share. The business’s quarterly revenue was up 48.2% compared to the same quarter last year. As a group, research analysts expect that Figma will post -0.75 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Figma news, CTO Kris Rasmussen sold 261,301 shares of the business’s stock in a transaction that occurred on Wednesday, July 29th. The stock was sold at an average price of $25.07, for a total value of $6,550,816.07. Following the completion of the transaction, the chief technology officer directly owned 9,492,946 shares of the company’s stock, valued at approximately $237,988,156.22. The trade was a 2.68% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, General Counsel Brendan Mulligan sold 211,599 shares of the company’s stock in a transaction that occurred on Friday, August 28th. The stock was sold at an average price of $29.79, for a total value of $6,303,534.21. Following the completion of the sale, the general counsel owned 727,952 shares in the company, valued at approximately $21,685,690.08. This represents a 22.52% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 1,315,299 shares of company stock valued at $34,303,773 in the last ninety days. Insiders own 32.26% of the company’s stock.

Hedge Funds Weigh In On Figma

Several institutional investors have recently made changes to their positions in the company. Gladstone Capital Management LLP boosted its holdings in Figma by 2.9% during the fourth quarter. Gladstone Capital Management LLP now owns 17,081 shares of the company’s stock worth $638,000 after buying an additional 481 shares in the last quarter. Seelaus Asset Management LLC grew its position in Figma by 6.9% during the third quarter. Seelaus Asset Management LLC now owns 12,217 shares of the company’s stock valued at $257,000 after buying an additional 788 shares during the period. Allen Operations LLC grew its position in 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 buying an additional 813 shares during the period. D.A. Davidson & CO. increased its holdings in Figma by 9.7% in the first quarter. D.A. Davidson & CO. now owns 12,230 shares of the company’s stock valued at $259,000 after buying an additional 1,085 shares in the last quarter. Finally, Parallel Advisors LLC increased its holdings in Figma by 3,890.0% in the first quarter. Parallel Advisors LLC now owns 1,197 shares of the company’s stock valued at $25,000 after buying an additional 1,167 shares in the last quarter.

Key Stories Impacting Figma

Here are the key news stories impacting Figma this week:

• Positive Sentiment: Figma unveiled new tools designed to help AI agents follow design rules, use shared specifications, and work more reliably across design and development workflows. The features could strengthen Figma’s position as a central platform for AI-assisted product creation. Figma Gives AI Agents a Design Rulebook With New Specs Feature
• Positive Sentiment: Coverage highlighted Figma’s expansion from collaborative design into coding, hosting, code context, and agent-enabled workflows. A broader “full-stack” product could increase customer adoption and monetization beyond the company’s traditional design market. Figma brings code, context, and agents together
• Positive Sentiment: Management said Figma is targeting rapid expansion in India as customer adoption grows. International growth, along with design-system products used by enterprises such as BT and Monzo, supports the long-term growth case. Figma aims to scale in India
• Neutral Sentiment: Research found that AI can accelerate product development but may create quality and governance concerns. This supports demand for Figma’s controls, while also underscoring the execution risks of its AI strategy. Figma Research Finds AI Speeds up Product Building
• Negative Sentiment: Figma’s CFO said the company is willing to sacrifice near-term margins to increase AI demand. Investors may view the strategy as necessary for growth, but it raises concerns about profitability and cash generation while the company is already loss-making. Figma CFO says the company will put margins at risk
• Negative Sentiment: Recent valuation commentary questioned whether Figma has fallen enough to be attractive, reflecting uncertainty over its post-IPO valuation, persistent losses, and the time required for AI investments to produce returns. Has Figma Fallen Far Enough to Look Reasonable?

Figma Company Profile

Figma, Inc is a collaborative software company that provides browser-based tools for designing, prototyping and developing digital products. Its platform enables product designers, developers, researchers, marketers and other stakeholders to work together on user interfaces and digital experiences in real time.

The company’s product portfolio includes Figma Design for interface design and prototyping, FigJam for collaborative brainstorming and whiteboarding, and Dev Mode, which helps developers inspect designs and translate them into working products.