Figma (NYSE:FIG) Earns Neutral Rating from Analysts at BTIG Research

Key Points

• BTIG initiated coverage with a Neutral rating; the stock's consensus is a Hold with an average price target of $43.25 amid mixed analyst views and target revisions.
• Figma beat EPS expectations (reported $0.08 vs. -$0.20 estimate) and revenue rose 40.1% to $303.8M, but the company remains unprofitable with a negative ROE (97.03%) and net margin (-121.87%).
• Insiders have been net sellers—1,378,811 shares (~$40.9M) sold in the past three months—and the stock trades near $18.12 (52‑week low $17.73) with a market cap of about $7.99B.

Stock analysts at BTIG Research initiated coverage on shares of Figma (NYSE:FIG - Get Free Report) in a research report issued on Monday,Benzinga reports. The brokerage set a "neutral" rating on the stock.

Other equities research analysts have also recently issued research reports about the company. The Goldman Sachs Group set a $35.00 target price on Figma in a research note on Thursday, February 19th. Piper Sandler reissued an "overweight" rating and set a $35.00 target price on shares of Figma in a research note on Thursday, February 19th. Weiss Ratings reissued a "sell (e+)" rating on shares of Figma in a research note on Monday, December 29th. Morgan Stanley set a $44.00 target price on Figma in a research note on Thursday, February 19th. Finally, Royal Bank Of Canada cut their target price on Figma from $38.00 to $31.00 and set a "sector perform" rating for the company in a research note on Thursday, February 19th. Four investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $43.25.

Figma Stock Down 0.2%

FIG stock opened at $18.12 on Monday. The business has a fifty day moving average of $24.37 and a two-hundred day moving average of $35.97. The stock has a market cap of $7.99 billion and a price-to-earnings ratio of -5.81. Figma has a 52-week low of $17.73 and a 52-week high of $142.92.

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

Insiders Place Their Bets

In other news, CTO Kris Rasmussen sold 179,331 shares of Figma stock in a transaction on Tuesday, March 3rd. The stock was sold at an average price of $29.80, for a total value of $5,344,063.80. Following the completion of the sale, the chief technology officer directly owned 10,169,178 shares of the company's stock, valued at approximately $303,041,504.40. The trade was a 1.73% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, General Counsel Brendan Mulligan sold 4,817 shares of Figma stock in a transaction on Monday, March 16th. The shares were sold at an average price of $26.30, for a total value of $126,687.10. Following the completion of the sale, the general counsel directly owned 825,644 shares of the company's stock, valued at $21,714,437.20. The trade was a 0.58% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders sold 1,378,811 shares of company stock valued at $40,904,464.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the stock. SC US Ttgp LTD. acquired a new position in Figma during the 3rd quarter worth $1,310,305,000. ICONIQ Capital LLC acquired a new position in Figma during the 3rd quarter worth $1,108,879,000. a16z Capital Management L.L.C. acquired a new position in Figma during the 3rd quarter worth $842,687,000. JPMorgan Chase & Co. grew its stake in Figma by 119.4% during the 4th quarter. JPMorgan Chase & Co. now owns 6,643,939 shares of the company's stock worth $248,284,000 after purchasing an additional 3,615,198 shares in the last quarter. Finally, Baillie Gifford & Co. grew its stake in Figma by 93.8% during the 4th quarter. Baillie Gifford & Co. now owns 5,763,613 shares of the company's stock worth $215,386,000 after purchasing an additional 2,789,986 shares in the last quarter.

Figma Company Profile

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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