Figma, Inc. (NYSE:FIG) Given Consensus Rating of "Hold" by Brokerages

Key Points

• Analysts have given Figma a consensus "Hold" rating across 13 firms (1 sell, 8 hold, 4 buy) with an average 12‑month price target of $43.25.
• Figma beat expectations with $0.08 EPS versus a -$0.20 consensus and reported revenue of $303.78M (up 40.1% YoY), but remains unprofitable with a negative net margin of 121.87% and negative ROE of 97.03%.
• Notable insider activity: CTO Kris Rasmussen sold 205,438 shares (~$5.14M) while director Andrew Phillips Reed bought 912,749 shares (~$22.18M); insiders sold ~1.97M shares last quarter and now own 45.2% of the company.

Shares of Figma, Inc. (NYSE:FIG - Get Free Report) have received a consensus recommendation of "Hold" from the thirteen ratings firms that are presently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have given a buy rating to the company. The average 12-month price target among brokers that have covered the stock in the last year is $43.25.

A number of equities research analysts have recently issued reports on FIG shares. The Goldman Sachs Group set a $35.00 target price on shares of Figma in a report on Thursday, February 19th. Wells Fargo & Company cut their price objective on Figma from $52.00 to $42.00 and set an "overweight" rating for the company in a research report on Thursday, February 19th. Weiss Ratings reaffirmed a "sell (e+)" rating on shares of Figma in a report on Monday, December 29th. Royal Bank Of Canada decreased their price objective on shares of Figma from $38.00 to $31.00 and set a "sector perform" rating on the stock in a report on Thursday, February 19th. Finally, Stifel Nicolaus cut their target price on shares of Figma from $40.00 to $30.00 and set a "hold" rating for the company in a research note on Thursday, February 19th.

Insider Activity

In other Figma news, CTO Kris Rasmussen sold 205,438 shares of the stock in a transaction on Tuesday, February 10th. The stock was sold at an average price of $25.01, for a total transaction of $5,138,004.38. Following the transaction, the chief technology officer owned 10,418,905 shares in the company, valued at $260,576,814.05. This trade represents a 1.93% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Andrew Phillips Reed purchased 912,749 shares of the firm's stock in a transaction that occurred on Monday, February 23rd. The stock was acquired at an average price of $24.30 per share, for a total transaction of $22,179,800.70. Following the completion of the purchase, the director directly owned 1,466,852 shares of the company's stock, valued at $35,644,503.60. This represents a 164.73% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Over the last quarter, insiders have sold 1,967,427 shares of company stock valued at $62,086,778. 45.20% of the stock is owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Whittier Trust Co. of Nevada Inc. bought a new stake in shares of Figma in the third quarter valued at approximately $26,000. NewEdge Advisors LLC acquired a new position in Figma in the 3rd quarter valued at $26,000. DV Equities LLC bought a new stake in shares of Figma during the 4th quarter valued at $26,000. Concord Wealth Partners grew its holdings in shares of Figma by 1,446.8% during the 4th quarter. Concord Wealth Partners now owns 727 shares of the company's stock worth $27,000 after purchasing an additional 680 shares in the last quarter. Finally, Harbour Investments Inc. increased its position in shares of Figma by 1,568.2% in the fourth quarter. Harbour Investments Inc. now owns 734 shares of the company's stock worth $27,000 after purchasing an additional 690 shares during the period.

Figma Stock Down 5.8%

Shares of Figma stock opened at $26.22 on Friday. The stock has a market cap of $11.56 billion and a P/E ratio of -8.40. Figma has a 12-month low of $19.85 and a 12-month high of $142.92. The business's 50 day moving average is $28.45 and its 200-day moving average is $41.82.

Figma (NYSE:FIG - Get Free Report) last issued its earnings results on Wednesday, February 18th. The company reported $0.08 earnings per share for the quarter, topping analysts' consensus estimates of ($0.20) by $0.28. The business had revenue of $303.78 million for the quarter. Figma had a negative net margin of 121.87% and a negative return on equity of 97.03%. The business's revenue for the quarter was up 40.1% compared to the same quarter last year.

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.

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