Traders Purchase High Volume of Figma Call Options (NYSE:FIG)

Figma, Inc. (NYSE:FIG) saw some unusual options trading on Monday. Traders purchased 120,771 call options on the stock. This represents an increase of approximately 121% compared to the typical daily volume of 54,643 call options.

Figma Stock Performance

Shares of FIG stock opened at $61.17 on Wednesday. The firm’s 50 day moving average is $66.24. The stock has a market capitalization of $25.09 billion and a PE ratio of 82.66. Figma has a twelve month low of $49.53 and a twelve month high of $142.92.

Figma (NYSE:FIG) last announced its quarterly earnings results on Wednesday, September 3rd. The company reported ($0.07) earnings per share for the quarter, missing the consensus estimate of $0.08 by ($0.15). The company had revenue of $249.64 million during the quarter, compared to the consensus estimate of $248.97 million. Figma has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS.

Insider Buying and Selling

In other Figma news, Director Mamoon Amjad Hamid sold 2,756,020 shares of Figma stock in a transaction dated Friday, August 1st. The stock was sold at an average price of $31.52, for a total value of $86,869,750.40. Following the transaction, the director owned 1,559,622 shares in the company, valued at $49,159,285.44. The trade was a 63.86% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Perkins Caufield & Bye Kleiner sold 2,668,654 shares of the firm’s stock in a transaction dated Friday, August 1st. The stock was sold at an average price of $31.52, for a total value of $84,115,974.08. Following the completion of the sale, the insider directly owned 47,639,812 shares of the company’s stock, valued at approximately $1,501,606,874.24. This represents a 5.30% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have bought 312,500 shares of company stock valued at $10,312,500 and have sold 19,617,451 shares valued at $618,294,215.

Analyst Upgrades and Downgrades

FIG has been the subject of several recent analyst reports. Royal Bank Of Canada lowered their price target on Figma from $75.00 to $65.00 and set a “sector perform” rating for the company in a report on Thursday, September 4th. Bank of America lowered their price target on Figma from $85.00 to $69.00 and set a “buy” rating for the company in a report on Thursday, September 4th. William Blair reissued an “outperform” rating on shares of Figma in a report on Thursday, September 4th. Wells Fargo & Company reduced their price objective on Figma from $82.00 to $70.00 and set an “equal weight” rating for the company in a research note on Thursday, September 4th. Finally, Morgan Stanley reduced their price objective on Figma from $80.00 to $70.00 and set an “equal weight” rating for the company in a research note on Thursday, September 4th. Three equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $67.43.

About Figma

Figma is where teams come together to turn ideas into the world’s best digital products and experiences. Every day, billions of people around the world use apps, websites, and other digital experiences that are made in Figma. They’re looking up directions on Google Maps; requesting rides with Uber; checking in for flights on JetBlue; streaming shows on Netflix; learning languages with Duolingo; asking questions of Claude; connecting on LinkedIn; buying goods on Mercado Libre; or booking stays and experiences with Airbnb.