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

Shares of Figma, Inc. (NYSE:FIG) have earned an average recommendation of “Hold” from the eleven analysts that are currently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, seven have assigned a hold recommendation and three have issued a buy recommendation on the company. The average 1 year price objective among analysts that have covered the stock in the last year is $62.8571.

Several research firms recently weighed in on FIG. Zacks Research raised Figma to a “hold” rating in a research report on Thursday, August 21st. Wolfe Research assumed coverage on Figma in a research report on Monday, August 25th. They issued a “peer perform” rating on the stock. Bank of America reduced their price objective on Figma from $85.00 to $69.00 and set a “buy” rating for the company in a research report on Thursday, September 4th. William Blair reaffirmed an “outperform” rating on shares of Figma in a research report on Thursday, September 4th. Finally, Weiss Ratings assumed coverage on shares of Figma in a research note on Friday, October 24th. They set a “sell (d)” rating for the company.

Figma Stock Down 0.9%

NYSE FIG opened at $44.06 on Friday. Figma has a 1 year low of $42.24 and a 1 year high of $142.92. The business’s fifty day moving average price is $54.04.

Figma (NYSE:FIG) last released its earnings results on Wednesday, November 5th. The company reported $0.10 earnings per share for the quarter, topping analysts’ consensus estimates of ($1.56) by $1.66. The firm had revenue of $274.17 million for the quarter. Figma’s revenue was up 38.0% on a year-over-year basis. During the same period last year, the company posted $0.04 earnings per share. Figma has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS.

Insiders Place Their Bets

In related news, CRO Shaunt Voskanian sold 26,741 shares of Figma stock in a transaction dated Monday, November 3rd. The stock was sold at an average price of $48.17, for a total transaction of $1,288,113.97. Following the sale, the executive directly owned 1,602,866 shares of the company’s stock, valued at $77,210,055.22. This trade represents a 1.64% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CTO Kris Rasmussen sold 73,738 shares of the company’s stock in a transaction that occurred on Monday, November 3rd. The shares were sold at an average price of $48.17, for a total value of $3,551,959.46. Following the completion of the transaction, the chief technology officer directly owned 11,378,919 shares of the company’s stock, valued at approximately $548,122,528.23. This trade represents a 0.64% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 129,230 shares of company stock valued at $6,225,009 in the last quarter. 45.20% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of FIG. Baillie Gifford & Co. bought a new stake in Figma in the 3rd quarter valued at $154,242,000. ARK Investment Management LLC acquired a new stake in shares of Figma during the 3rd quarter valued at about $30,397,000. Alphabet Inc. bought a new stake in Figma in the third quarter valued at about $11,182,000. Sumitomo Mitsui Trust Group Inc. acquired a new position in Figma in the third quarter worth about $11,075,000. Finally, Amova Asset Management Americas Inc. acquired a new position in Figma in the third quarter worth about $10,844,000.

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.