Figma (NYSE:FIG) Hits New 52-Week Low – Time to Sell?

Figma, Inc. (NYSE:FIG) hit a new 52-week low during trading on Friday . The stock traded as low as $16.80 and last traded at $17.3250, with a volume of 23327998 shares. The stock had previously closed at $19.17.

Analyst Ratings Changes

A number of research analysts recently weighed in on FIG shares. The Goldman Sachs Group set a $35.00 target price on Figma in a report on Thursday, February 19th. Royal Bank Of Canada cut their price target on Figma from $38.00 to $31.00 and set a “sector perform” rating for the company in a report on Thursday, February 19th. Piper Sandler reiterated an “overweight” rating and issued a $35.00 price objective on shares of Figma in a report on Thursday, February 19th. Oppenheimer started coverage on shares of Figma in a research report on Wednesday, March 25th. They issued a “market perform” rating on the stock. Finally, BTIG Research began coverage on shares of Figma in a research note on Monday, April 13th. They set a “neutral” rating for the company. Four analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Figma presently has a consensus rating of “Hold” and a consensus target price of $43.25.

Figma Price Performance

The stock’s 50-day moving average price is $23.74 and its 200-day moving average price is $34.11. The company has a market cap of $7.64 billion and a P/E ratio of -5.55.

Figma (NYSE:FIG) last released its quarterly earnings results on Wednesday, February 18th. The company reported $0.08 EPS for the quarter, topping analysts’ consensus estimates of ($0.20) by $0.28. Figma had a negative net margin of 121.87% and a negative return on equity of 97.03%. The business had revenue of $303.78 million for the quarter. The firm’s revenue for the quarter was up 40.1% compared to the same quarter last year. As a group, analysts expect that Figma, Inc. will post -0.69 EPS for the current fiscal year.

Insider Activity at Figma

In other news, CRO Shaunt Voskanian sold 8,554 shares of the firm’s stock in a transaction that occurred on Wednesday, February 25th. The shares were sold at an average price of $30.00, for a total transaction of $256,620.00. Following the transaction, the executive directly owned 1,580,181 shares of the company’s stock, valued at approximately $47,405,430. This trade represents a 0.54% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Andrew Phillips Reed purchased 912,749 shares of the company’s stock in a transaction dated Monday, February 23rd. The stock was acquired at an average price of $24.30 per share, with a total value of $22,179,800.70. Following the completion of the transaction, the director owned 1,466,852 shares of the company’s stock, valued at $35,644,503.60. This represents a 164.73% increase in their position. The disclosure for this purchase is available in the SEC filing. In the last three months, insiders sold 1,060,645 shares of company stock valued at $30,526,164. 45.20% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Figma

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Gladstone Capital Management LLP lifted its position in shares of Figma by 2.9% during the 4th quarter. Gladstone Capital Management LLP now owns 17,081 shares of the company’s stock valued at $638,000 after acquiring an additional 481 shares during the period. Whittier Trust Co. of Nevada Inc. bought a new position in shares of Figma in the third quarter worth $26,000. NewEdge Advisors LLC acquired a new position in Figma in the third quarter valued at about $26,000. Wilmington Savings Fund Society FSB acquired a new position in Figma in the third quarter valued at about $27,000. Finally, Charles Schwab Investment Management Inc. lifted its position in Figma by 3.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 15,212 shares of the company’s stock worth $568,000 after purchasing an additional 559 shares during the period.

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.