Figma, Inc. (NYSE:FIG) Receives Average Rating of “Hold” from Analysts

Shares of Figma, Inc. (NYSE:FIG) have been given an average recommendation of “Hold” by the fifteen research firms that are presently covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, ten have issued a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $38.6250.

Several analysts have weighed in on the company. Oppenheimer assumed coverage on Figma in a report on Wednesday, March 25th. They set a “market perform” rating for the company. The Goldman Sachs Group set a $35.00 price objective on Figma in a report on Thursday, February 19th. JPMorgan Chase & Co. dropped their price objective on Figma from $45.00 to $42.00 and set a “neutral” rating for the company in a report on Friday, May 15th. Weiss Ratings reissued a “sell (e+)” rating on shares of Figma in a report on Tuesday, May 19th. Finally, Stifel Nicolaus set a $25.00 price objective on Figma in a report on Friday, May 15th.

Figma Stock Down 3.5%

Shares of NYSE FIG opened at $21.92 on Wednesday. The firm’s 50-day simple moving average is $20.79 and its 200 day simple moving average is $28.55. The company has a market cap of $9.77 billion and a price-to-earnings ratio of -6.39. Figma has a 12-month low of $16.60 and a 12-month high of $142.92.

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 firm had revenue of $333.44 million during the quarter. Figma had a negative return on equity of 98.51% and a negative net margin of 123.83%.Figma’s quarterly revenue was up 46.1% on a year-over-year basis. On average, equities analysts expect that Figma will post -0.69 earnings per share for the current year.

Insider Transactions at Figma

In other Figma news, CTO Kris Rasmussen sold 327,046 shares of the business’s stock in a transaction dated Tuesday, May 19th. The stock was sold at an average price of $25.07, for a total transaction of $8,199,043.22. Following the completion of the sale, the chief technology officer directly owned 9,771,529 shares of the company’s stock, valued at approximately $244,972,232.03. The trade was a 3.24% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, General Counsel Brendan Mulligan sold 18,741 shares of the stock in a transaction that occurred on Tuesday, May 19th. The shares were sold at an average price of $25.04, for a total transaction of $469,274.64. Following the completion of the sale, the general counsel owned 987,986 shares in the company, valued at $24,739,169.44. This represents a 1.86% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 1,025,521 shares of company stock valued at $29,377,158. 45.20% of the stock is owned by company insiders.

Institutional Trading of Figma

Hedge funds have recently modified their holdings of the company. Whittier Trust Co. of Nevada Inc. acquired a new stake in shares of Figma in the 3rd quarter valued at approximately $26,000. NewEdge Advisors LLC acquired a new stake in shares of Figma in the 3rd quarter valued at approximately $26,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of Figma in the 3rd quarter valued at approximately $27,000. Sunbelt Securities Inc. acquired a new stake in shares of Figma in the 3rd quarter valued at approximately $30,000. Finally, US Bancorp DE acquired a new stake in shares of Figma in the 3rd quarter valued at approximately $31,000.

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.