Figma, Inc. (NYSE:FIG) Short Interest Up 57.3% in September

Key Points

• Figma, Inc.'s short interest surged by 57.3% in September, reaching a total of 10,070,000 shares, representing approximately 20.0% of the company's stock being short sold.
• Director Daniel H. Rimer significantly reduced his position by selling 3,293,276 shares for over $103 million, indicating a 79.78% decrease in his holdings.
• Figma's stock price rose 7.9% to $57.25, with analysts generally giving it a "Hold" rating and an average price target of $67.43.

Figma, Inc. (NYSE:FIG - Get Free Report) was the recipient of a significant growth in short interest in September. As of September 15th, there was short interest totaling 10,070,000 shares, a growth of 57.3% from the August 31st total of 6,400,000 shares. Approximately 20.0% of the company's stock are short sold. Based on an average trading volume of 13,350,000 shares, the days-to-cover ratio is currently 0.8 days. Based on an average trading volume of 13,350,000 shares, the days-to-cover ratio is currently 0.8 days. Approximately 20.0% of the company's stock are short sold.

Insiders Place Their Bets

In other Figma news, Director Daniel H. Rimer sold 3,293,276 shares of the stock in a transaction dated 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 sale, the director owned 834,800 shares in the company, valued at approximately $26,312,896. This represents a 79.78% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CRO Shaunt Voskanian sold 90,000 shares of the business's stock in a transaction that occurred on Friday, August 1st. The shares were sold at an average price of $31.52, for a total value of $2,836,800.00. Following the completion of the sale, the executive directly owned 1,681,300 shares in the company, valued at approximately $52,994,576. The trade was a 5.08% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders purchased 312,500 shares of company stock worth $10,312,500 and sold 19,617,451 shares worth $618,294,215.

Figma Stock Up 7.9%

Shares of Figma stock traded up $4.21 on Monday, hitting $57.25. 27,862,061 shares of the company's stock traded hands, compared to its average volume of 9,110,653. Figma has a one year low of $49.53 and a one year high of $142.92. The company has a market cap of $23.48 billion and a PE ratio of 77.36. The firm has a 50-day moving average price of $66.35.

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

Analysts Set New Price Targets

A number of equities research analysts recently commented on the stock. JPMorgan Chase & Co. initiated coverage on shares of Figma in a research report on Monday, August 25th. They issued a "neutral" rating and a $65.00 price objective for the company. Morgan Stanley decreased their price target 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. Zacks Research raised shares of Figma to a "hold" rating in a research note on Thursday, August 21st. Royal Bank Of Canada cut their price objective on Figma from $75.00 to $65.00 and set a "sector perform" rating for the company in a report on Thursday, September 4th. Finally, Wells Fargo & Company decreased their target price on shares of Figma from $82.00 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 assigned a Hold rating to the company's stock. According to MarketBeat, Figma presently has an average rating of "Hold" and an average price target of $67.43.

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.

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