Figma (NYSE:FIG) Shares Gap Down – Time to Sell?

Figma, Inc. (NYSE:FIG)’s share price gapped down before the market opened on Wednesday . The stock had previously closed at $23.27, but opened at $22.43. Figma shares last traded at $22.2930, with a volume of 5,794,781 shares.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on FIG. JPMorgan Chase & Co. decreased their price target on shares of Figma from $45.00 to $42.00 and set a “neutral” rating on the stock in a research note on Friday, May 15th. BTIG Research began coverage on shares of Figma in a research note on Monday, April 13th. They set a “neutral” rating on the stock. Piper Sandler reaffirmed an “overweight” rating and set a $30.00 price target (down from $35.00) on shares of Figma in a research note on Friday, May 15th. Stifel Nicolaus set a $25.00 price target on shares of Figma in a research note on Friday, May 15th. Finally, Royal Bank Of Canada decreased their price target on shares of Figma from $31.00 to $28.00 and set a “sector perform” rating on the stock in a research note on Friday, May 15th. Four investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $38.63.

Figma Stock Performance

The firm has a market capitalization of $9.97 billion and a PE ratio of -6.50. The company’s fifty day moving average price is $21.33 and its two-hundred day moving average price is $29.43.

Figma (NYSE:FIG) last announced its quarterly earnings data on Thursday, May 14th. The company reported $0.10 earnings per share for the quarter, topping the consensus estimate of ($0.17) by $0.27. The business had revenue of $333.44 million for the quarter. Figma had a negative net margin of 123.83% and a negative return on equity of 98.51%. The company’s quarterly revenue was up 46.1% on a year-over-year basis. On average, equities analysts expect that Figma, Inc. will post -0.69 earnings per share for the current year.

Insider Buying and Selling at Figma

In related news, CEO Dylan Field sold 250,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 26th. The shares were sold at an average price of $30.80, for a total value of $7,700,000.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Andrew Phillips Reed purchased 912,749 shares of the business’s stock in a transaction that occurred on Monday, February 23rd. The stock was acquired at an average price of $24.30 per share, for a total transaction of $22,179,800.70. Following the acquisition, the director directly owned 1,466,852 shares of the company’s stock, valued at $35,644,503.60. This trade represents a 164.73% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Over the last 90 days, insiders sold 745,697 shares of company stock worth $22,665,009.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the business. Gladstone Capital Management LLP raised its holdings in Figma by 2.9% in the fourth quarter. Gladstone Capital Management LLP now owns 17,081 shares of the company’s stock valued at $638,000 after buying an additional 481 shares during the period. Whittier Trust Co. of Nevada Inc. purchased a new position in Figma in the third quarter valued at approximately $26,000. NewEdge Advisors LLC purchased a new position in Figma in the third quarter valued at approximately $26,000. Wilmington Savings Fund Society FSB purchased a new position in Figma in the third quarter valued at approximately $27,000. Finally, Charles Schwab Investment Management Inc. raised its holdings in Figma by 3.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 15,212 shares of the company’s stock valued at $568,000 after buying an additional 559 shares during the period.

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.