Figma (NYSE:FIG) Stock Price Down 5.6% – Time to Sell?

Figma, Inc. (NYSE:FIG)’s share price fell 5.6% during trading on Friday . The stock traded as low as $17.83 and last traded at $18.2660. 4,508,705 shares changed hands during trading, a decline of 72% from the average session volume of 16,360,584 shares. The stock had previously closed at $19.34.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on FIG. Morgan Stanley cut their price target on Figma from $44.00 to $38.00 and set an “equal weight” rating on the stock in a research note on Friday, May 15th. Wells Fargo & Company dropped their price objective on Figma from $52.00 to $42.00 and set an “overweight” rating on the stock in a research 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 on the stock in a research report on Friday, May 15th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Figma in a research report on Tuesday, May 19th. Finally, Royal Bank Of Canada dropped their price objective on Figma from $31.00 to $28.00 and set a “sector perform” rating on the stock in a research report on Friday, May 15th. Four equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $38.63.

Figma Price Performance

The business has a 50-day moving average of $20.59 and a two-hundred day moving average of $27.00. The company has a market cap of $8.27 billion and a P/E ratio of -5.41.

Figma (NYSE:FIG) last issued its quarterly earnings data on Thursday, May 14th. The company reported $0.10 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.17) by $0.27. Figma had a negative return on equity of 98.51% and a negative net margin of 123.83%.The company had revenue of $333.44 million for the quarter. The firm’s quarterly revenue was up 46.1% compared to the same quarter last year. Equities analysts anticipate that Figma, Inc. will post -0.78 EPS for the current fiscal year.

Insider Buying and Selling at Figma

In other news, CFO Praveer Melwani sold 83,974 shares of the business’s stock in a transaction dated Wednesday, June 3rd. The stock was sold at an average price of $22.77, for a total transaction of $1,912,087.98. Following the sale, the chief financial officer owned 1,749,024 shares in the company, valued at approximately $39,825,276.48. The trade was a 4.58% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, 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 value of $8,199,043.22. Following the sale, the chief technology officer owned 9,771,529 shares in the company, valued at $244,972,232.03. The trade was a 3.24% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 699,037 shares of company stock valued at $17,149,692. Insiders own 45.20% of the company’s stock.

Institutional Investors Weigh In On Figma

Large investors have recently modified their holdings of the business. Parallel Advisors LLC grew its stake in shares of Figma by 3,890.0% during the first quarter. Parallel Advisors LLC now owns 1,197 shares of the company’s stock worth $25,000 after acquiring an additional 1,167 shares during the last quarter. NewEdge Advisors LLC purchased a new stake in shares of Figma during the third quarter worth about $26,000. DV Equities LLC purchased a new stake in shares of Figma during the fourth quarter worth about $26,000. Concord Wealth Partners grew its stake in shares of Figma by 1,446.8% during the fourth quarter. Concord Wealth Partners now owns 727 shares of the company’s stock worth $27,000 after acquiring an additional 680 shares during the last quarter. Finally, Harbour Investments Inc. grew its stake in shares of Figma by 1,568.2% during the fourth quarter. Harbour Investments Inc. now owns 734 shares of the company’s stock worth $27,000 after acquiring an additional 690 shares during the last quarter.

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.