Figma (NYSE:FIG) Hits New 12-Month Low - Here's What Happened

Key Points

• Figma shares hit a new 52-week low, trading as low as $17.65 and last around $18.44 on heavy volume, while the analyst consensus remains a Hold with an average price target of $43.25.
• Figma beat EPS estimates (reported $0.08 vs. estimate of -$0.20) with revenue of $303.78M (+40.1% YoY), but remains unprofitable with a negative net margin (~121.9%) and negative return on equity (~97.0%).
• Insiders sold about 1,066,311 shares worth ~$30.7M last quarter (including sales by the CAO and CTO), even as major institutions like a16z, ICONIQ, SC US Ttgp, JPMorgan and Baillie Gifford hold or increased sizable positions.

Figma, Inc. (NYSE:FIG - Get Free Report) shares reached a new 52-week low during trading on Wednesday . The stock traded as low as $17.65 and last traded at $18.4440, with a volume of 23612386 shares changing hands. The stock had previously closed at $19.18.

Wall Street Analyst Weigh In

FIG has been the topic of several analyst reports. Morgan Stanley set a $44.00 target price on Figma in a research report on Thursday, February 19th. BTIG Research initiated coverage on Figma in a research report on Monday. They issued a "neutral" rating on the stock. Piper Sandler restated an "overweight" rating and issued a $35.00 target price on shares of Figma in a research report on Thursday, February 19th. Oppenheimer initiated coverage on Figma in a research report on Wednesday, March 25th. They issued a "market perform" rating on the stock. Finally, Barclays upgraded Figma to a "neutral" rating in a research report on Thursday, January 8th. Four investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $43.25.

Figma Stock Performance

The firm has a market capitalization of $8.14 billion and a P/E ratio of -5.91. The firm has a 50 day moving average price of $24.21 and a two-hundred day moving average price of $35.48.

Figma (NYSE:FIG - Get Free Report) last released its quarterly earnings data on Wednesday, February 18th. The company reported $0.08 earnings per share for the quarter, topping the consensus estimate of ($0.20) by $0.28. The business 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 was up 40.1% on a year-over-year basis.

Insider Buying and Selling at Figma

In other news, CAO Tyler Herb sold 1,678 shares of the firm's stock in a transaction on Tuesday, March 3rd. The stock was sold at an average price of $28.47, for a total transaction of $47,772.66. Following the completion of the sale, the chief accounting officer directly owned 188,913 shares of the company's stock, valued at $5,378,353.11. This trade represents a 0.88% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CTO Kris Rasmussen sold 179,331 shares of the firm's 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 sale, the chief technology officer directly owned 10,169,178 shares of the company's stock, valued at approximately $303,041,504.40. This represents a 1.73% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 1,066,311 shares of company stock worth $30,707,589.

Institutional Investors Weigh In On Figma

Several large investors have recently modified their holdings of the stock. SC US Ttgp LTD. acquired a new stake in shares of Figma in the third quarter worth $1,310,305,000. ICONIQ Capital LLC acquired a new stake in shares of Figma in the third quarter worth $1,108,879,000. a16z Capital Management L.L.C. acquired a new stake in shares of Figma in the third quarter worth $842,687,000. JPMorgan Chase & Co. boosted its position in shares of Figma by 119.4% in the fourth quarter. JPMorgan Chase & Co. now owns 6,643,939 shares of the company's stock worth $248,284,000 after buying an additional 3,615,198 shares during the period. Finally, Baillie Gifford & Co. boosted its position in shares of Figma by 93.8% in the fourth quarter. Baillie Gifford & Co. now owns 5,763,613 shares of the company's stock worth $215,386,000 after buying an additional 2,789,986 shares during the period.

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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