Figma, Inc. (NYSE:FIG) Receives $52.13 Average PT from Analysts

Figma, Inc. (NYSE:FIG) has been assigned an average rating of “Hold” from the thirteen analysts that are currently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and four have issued a buy rating on the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $52.1250.

Several brokerages recently commented on FIG. Morgan Stanley reduced their price objective on shares of Figma from $65.00 to $48.00 and set an “equal weight” rating for the company in a research note on Thursday, January 15th. Stifel Nicolaus initiated coverage on shares of Figma in a research report on Wednesday, January 7th. They set a “hold” rating and a $40.00 price target for the company. Royal Bank Of Canada lowered their price target on Figma from $65.00 to $38.00 and set a “sector perform” rating on the stock in a report on Monday, January 5th. Wells Fargo & Company raised Figma from an “equal weight” rating to an “overweight” rating and set a $52.00 price objective for the company in a research note on Thursday, January 8th. Finally, Weiss Ratings reiterated a “sell (e+)” rating on shares of Figma in a research report on Monday, December 29th.

Figma Stock Performance

Figma stock opened at $30.12 on Thursday. The company has a 50 day simple moving average of $35.40. Figma has a 1-year low of $26.79 and a 1-year high of $142.92. The stock has a market capitalization of $12.53 billion and a P/E ratio of -11.24.

Figma (NYSE:FIG) last released 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. Figma had a negative return on equity of 84.34% and a negative net margin of 99.32%.The company had revenue of $274.17 million during the quarter. During the same period last year, the business posted $0.04 EPS. Figma’s revenue was up 38.0% compared to the same quarter last year.

Insider Transactions at Figma

In other news, CAO Tyler Herb sold 2,840 shares of the stock in a transaction that occurred on Monday, January 5th. The shares were sold at an average price of $37.15, for a total value of $105,506.00. Following the sale, the chief accounting officer directly owned 198,158 shares in the company, valued at $7,361,569.70. This represents a 1.41% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, General Counsel Brendan Mulligan sold 5,666 shares of the firm’s stock in a transaction that occurred on Thursday, January 15th. The stock was sold at an average price of $32.02, for a total transaction of $181,425.32. Following the transaction, the general counsel directly owned 863,387 shares of the company’s stock, valued at approximately $27,645,651.74. This trade represents a 0.65% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 5,509,988 shares of company stock worth $209,103,972 in the last 90 days.

Hedge Funds Weigh In On Figma

Hedge funds have recently bought and sold shares of the stock. SC US Ttgp LTD. purchased a new stake in shares of Figma in the third quarter valued at $1,310,305,000. ICONIQ Capital LLC purchased a new position in Figma in the 3rd quarter valued at about $1,108,879,000. a16z Capital Management L.L.C. acquired a new stake in shares of Figma during the 3rd quarter worth about $842,687,000. Baillie Gifford & Co. grew its holdings in shares of Figma by 93.8% during the fourth quarter. Baillie Gifford & Co. now owns 5,763,613 shares of the company’s stock worth $215,386,000 after buying an additional 2,789,986 shares in the last quarter. Finally, Durable Capital Partners LP acquired a new position in shares of Figma in the third quarter valued at approximately $278,510,000.

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.