Figma Sees Unusually Large Options Volume (NYSE:FIG)

Figma, Inc. (NYSE:FIG) was the recipient of some unusual options trading on Thursday. Stock traders acquired 81,080 call options on the company. This represents an increase of 118% compared to the average daily volume of 37,257 call options.

Insider Activity

In other news, CRO Shaunt Voskanian sold 8,554 shares of the company’s stock in a transaction on Wednesday, February 25th. The stock was sold at an average price of $30.00, for a total transaction of $256,620.00. Following the completion of the sale, the executive directly owned 1,580,181 shares in the company, valued at approximately $47,405,430. This represents a 0.54% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Dylan Field sold 250,000 shares of the company’s stock in a transaction on Thursday, February 26th. The stock was sold at an average price of $30.80, for a total value of $7,700,000.00. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 1,060,645 shares of company stock worth $30,526,164. 45.20% of the stock is owned by insiders.

Institutional Trading of Figma

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

Wall Street Analyst Weigh In

A number of brokerages have issued reports on FIG. Morgan Stanley set a $44.00 target price on Figma in a report on Thursday, February 19th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Figma in a report on Monday, December 29th. Oppenheimer began coverage on Figma in a report on Wednesday, March 25th. They issued a “market perform” rating for the company. The Goldman Sachs Group set a $35.00 target price on Figma in a report on Thursday, February 19th. Finally, Wells Fargo & Company lowered their target price on Figma from $52.00 to $42.00 and set an “overweight” rating for the company in a report on Thursday, February 19th. 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. According to MarketBeat, Figma has a consensus rating of “Hold” and an average price target of $43.25.

Figma Trading Down 10.1%

NYSE FIG traded down $1.94 during trading hours on Thursday, hitting $17.23. 20,033,862 shares of the company’s stock were exchanged, compared to its average volume of 14,825,501. The stock has a 50-day simple moving average of $23.84 and a 200 day simple moving average of $34.23. The firm has a market cap of $7.60 billion and a price-to-earnings ratio of -5.53. Figma has a 1-year low of $16.80 and a 1-year high of $142.92.

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

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.