Figma, Inc.’s (NYSE:FIG) Lock-Up Period Will End on January 27th

Figma’s (NYSE:FIG) lock-up period is set to end on Tuesday, January 27th. Figma had issued 36,937,080 shares in its IPO on July 31st. The total size of the offering was $1,218,923,640 based on an initial share price of $33.00. After the end of the company’s lock-up period, restrictions preventing company insiders and major shareholders from selling shares in the company will be lifted.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on FIG shares. Wells Fargo & Company upgraded shares of Figma from an “equal weight” rating to an “overweight” rating and set a $52.00 price objective for the company in a report on Thursday, January 8th. Piper Sandler lowered their price target on shares of Figma from $85.00 to $70.00 and set an “overweight” rating for the company in a research note on Thursday, November 6th. JPMorgan Chase & Co. cut their price target on shares of Figma from $65.00 to $60.00 and set a “neutral” rating for the company in a research report on Thursday, November 6th. The Goldman Sachs Group began coverage on Figma in a report on Monday, January 12th. They issued a “neutral” rating and a $40.00 price objective on the stock. Finally, Morgan Stanley lowered their target price on Figma from $65.00 to $48.00 and set an “equal weight” rating for the company in a research note on Thursday, January 15th. Four analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $52.13.

Figma Trading Up 1.9%

Shares of Figma stock opened at $28.95 on Friday. Figma has a 12-month low of $26.79 and a 12-month high of $142.92. The stock has a market cap of $12.04 billion and a P/E ratio of -10.80. The firm’s fifty day moving average is $35.85.

Figma (NYSE:FIG) last announced its earnings results on Wednesday, November 5th. The company reported $0.10 EPS for the quarter, beating analysts’ consensus estimates of ($1.56) by $1.66. The firm had revenue of $274.17 million for the quarter. Figma had a negative net margin of 99.32% and a negative return on equity of 84.34%. The business’s quarterly revenue was up 38.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.04 EPS.

Insider Buying and Selling at Figma

In other news, CEO Dylan Field sold 3,029,063 shares of Figma stock in a transaction that occurred on Monday, November 17th. The shares were sold at an average price of $37.30, for a total transaction of $112,984,049.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CTO Kris Rasmussen sold 272,789 shares of the business’s stock in a transaction that occurred on Monday, November 10th. The stock was sold at an average price of $43.47, for a total value of $11,858,137.83. Following the completion of the sale, the chief technology officer directly owned 11,121,558 shares in the company, valued at approximately $483,454,126.26. This represents a 2.39% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 5,509,988 shares of company stock worth $209,103,972 over the last three months. Company insiders own 45.20% of the company’s stock.

Institutional Trading of Figma

Several institutional investors have recently bought and sold shares of the company. Voya Investment Management LLC bought a new stake in Figma during the 3rd quarter valued at about $3,412,000. VERITY Wealth Advisors purchased a new stake in shares of Figma during the third quarter valued at approximately $519,000. Tripletail Wealth Management LLC bought a new stake in shares of Figma during the third quarter valued at approximately $53,000. Renaissance Capital LLC purchased a new position in Figma in the 3rd quarter worth approximately $2,439,000. Finally, SOA Wealth Advisors LLC. bought a new position in Figma in the 3rd quarter valued at approximately $39,000.

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.