Figma, Inc.'s (NYSE:FIG) Quiet Period To Expire on September 9th

Key Points

• Figma's quiet period is set to end on September 9th, allowing underwriters to initiate research coverage following the company's IPO, which raised $1.2 billion.
• As of now, Figma has a consensus rating of "Hold" from analysts, with a target price averaging $74.29; major firms have given mixed ratings from "Buy" to "Peer Perform".
• Insider activity has seen significant selling, with directors offloading around 19.6 million shares in August, while also making some smaller purchases.

Figma's (NYSE:FIG - Get Free Report) quiet period is set to end on Tuesday, September 9th. Figma had issued 36,937,080 shares in its IPO on July 31st. The total size of the offering was $1,218,923,640 based on an initial share price of $33.00. During the company's quiet period, insiders and underwriters that worked on the IPO are restricted from issuing any earnings forecasts or research reports for the company because of regulations issued by the Securities and Exchange Commission. Following the expiration of the company's quiet period, the brokerages that served as underwriters will likely initiate research coverage on the company.

Analyst Ratings Changes

Several equities analysts have commented on FIG shares. Royal Bank Of Canada decreased their price objective on shares of Figma from $75.00 to $65.00 and set a "sector perform" rating on the stock in a report on Thursday. Morgan Stanley decreased their price objective on shares of Figma from $80.00 to $70.00 and set an "equal weight" rating on the stock in a report on Thursday. Wall Street Zen upgraded shares of Figma to a "hold" rating in a report on Saturday, August 9th. The Goldman Sachs Group assumed coverage on shares of Figma in a report on Monday, August 25th. They issued a "neutral" rating and a $48.00 price objective on the stock. Finally, William Blair assumed coverage on shares of Figma in a research note on Monday, August 25th. They issued an "outperform" rating on the stock. Three research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company's stock. According to data from MarketBeat, Figma has an average rating of "Hold" and an average target price of $67.43.

Figma Stock Down 18.4%

Figma stock traded down $12.51 during trading hours on Thursday, reaching $55.62. 22,465,650 shares of the stock were exchanged, compared to its average volume of 12,650,102. The company has a market capitalization of $27.11 billion and a price-to-earnings ratio of 75.16. Figma has a twelve month low of $53.20 and a twelve month high of $142.92.

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

Insider Buying and Selling

In other news, CRO Shaunt Voskanian sold 90,000 shares of the firm'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 sale, the executive directly owned 1,681,300 shares in the company, valued at approximately $52,994,576. This trade represents a 5.08% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, major shareholder Ventures Vi (Jersey) Lp Index sold 105,511 shares of the firm'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 transaction of $3,325,706.72. Following the completion of the sale, the insider owned 834,800 shares in the company, valued at approximately $26,312,896. The trade was a 11.22% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders acquired 312,500 shares of company stock worth $10,312,500 and sold 19,617,451 shares worth $618,294,215.

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.