Figma (NYSE:FIG) Given New $54.00 Price Target at The Goldman Sachs Group

Figma (NYSE:FIG) had its price target hoisted by The Goldman Sachs Group from $49.00 to $54.00 in a research note released on Friday,Benzinga reports. The brokerage currently has a neutral rating on the stock.

Several other research firms have also commented on FIG. Piper Sandler dropped their price target on shares of Figma from $85.00 to $70.00 and set an “overweight” rating on the stock in a research report on Thursday. Zacks Research upgraded Figma to a “hold” rating in a research report on Thursday, August 21st. Wall Street Zen upgraded Figma to a “hold” rating in a research note on Saturday, August 9th. William Blair reaffirmed an “outperform” rating on shares of Figma in a report on Thursday, September 4th. Finally, Weiss Ratings assumed coverage on Figma in a research report on Friday, October 24th. They issued a “sell (d)” rating for the company. Three analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Figma currently has an average rating of “Hold” and an average price target of $62.86.

Figma Stock Performance

Shares of NYSE FIG traded down $1.87 during trading on Friday, reaching $44.11. 32,003,630 shares of the company traded hands, compared to its average volume of 8,898,454. Figma has a 12-month low of $43.00 and a 12-month high of $142.92. The company has a fifty day moving average price of $55.46.

Figma (NYSE:FIG) last announced its quarterly earnings results on Wednesday, November 5th. The company reported $0.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($1.56) by $1.66. The company had revenue of $274.17 million during the quarter. The company’s revenue for the quarter was up 38.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.04 earnings per share. Figma has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS.

Insider Transactions at Figma

In other Figma news, CAO Tyler Herb sold 3,133 shares of the firm’s stock in a transaction on Monday, November 3rd. The stock was sold at an average price of $48.17, for a total value of $150,916.61. Following the transaction, the chief accounting officer owned 226,087 shares in the company, valued at approximately $10,890,610.79. This trade represents a 1.37% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Praveer Melwani sold 16,092 shares of Figma stock in a transaction on Monday, November 3rd. The stock was sold at an average price of $48.17, for a total transaction of $775,151.64. Following the sale, the chief financial officer directly owned 1,637,450 shares in the company, valued at approximately $78,875,966.50. This trade represents a 0.97% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 129,230 shares of company stock worth $6,225,009 in the last quarter. 45.20% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Voya Investment Management LLC acquired a new position in shares of Figma during the 3rd quarter worth approximately $3,412,000. VERITY Wealth Advisors purchased a new position in Figma during the third quarter worth approximately $519,000. Tripletail Wealth Management LLC acquired a new position in Figma during the third quarter worth $53,000. Renaissance Capital LLC acquired a new position in Figma during the third quarter worth $2,439,000. Finally, SOA Wealth Advisors LLC. purchased a new stake in Figma in the 3rd quarter valued at $39,000.

Figma Company Profile

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.