Figma, Inc. (NYSE:FIG) Receives Consensus Rating of "Hold" from Analysts

Key Points

• Figma, Inc. has received a consensus rating of "Hold" from ten analysts, with seven recommending a hold and three a buy, and an average price target of $74.29.
• Major shareholder Perkins Caufield & Bye Kleiner and Director Daniel H. Rimer sold significant amounts of stock on August 1, resulting in substantial decreases in their ownership percentages.
• Figma's current stock price opened at $77.35 and has a 1-year range between a low of $67.00 and a high of $142.92.

Figma, Inc. (NYSE:FIG - Get Free Report) has been assigned an average rating of "Hold" from the ten analysts that are presently covering the firm, MarketBeat reports. Seven investment analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $74.2857.

Several equities research analysts have recently commented on FIG shares. Royal Bank Of Canada started coverage on Figma in a research note on Monday. They set a "sector perform" rating and a $75.00 price target on the stock. Wall Street Zen raised shares of Figma to a "hold" rating in a research note on Saturday, August 9th. Piper Sandler started coverage on shares of Figma in a report on Wednesday, August 20th. They set an "overweight" rating and a $85.00 target price for the company. Wells Fargo & Company assumed coverage on shares of Figma in a research note on Monday. They issued an "equal weight" rating and a $82.00 price objective on the stock. Finally, Morgan Stanley assumed coverage on shares of Figma in a research report on Monday. They set an "equal weight" rating and a $80.00 target price for the company.

Figma Price Performance

NYSE:FIG opened at $77.35 on Monday. Figma has a 1-year low of $67.00 and a 1-year high of $142.92. The firm has a market capitalization of $37.71 billion and a P/E ratio of 104.53.

Insider Buying and Selling at Figma

In other Figma news, major shareholder Perkins Caufield & Bye Kleiner sold 87,366 shares of the business's stock in a transaction dated Friday, August 1st. The shares were sold at an average price of $31.52, for a total value of $2,753,776.32. Following the completion of the transaction, the insider directly owned 1,559,622 shares in the company, valued at approximately $49,159,285.44. The trade was a 5.30% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Daniel H. Rimer sold 3,293,276 shares of the stock in a transaction on Friday, August 1st. The shares were sold at an average price of $31.52, for a total value of $103,804,059.52. Following the completion of the transaction, the director directly owned 834,800 shares of the company's stock, valued at approximately $26,312,896. This represents a 79.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders purchased 312,500 shares of company stock valued at $10,312,500 and sold 19,617,451 shares valued at $618,294,215.

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.

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