Figma (NYSE:FIG) Earns Overweight Rating from Analysts at Piper Sandler

Key Points

• Piper Sandler has initiated coverage on Figma (NYSE:FIG) with an "overweight" rating and a price target of $85.00, indicating a potential upside of approximately 24.71% from its previous close.
• Figma recently reported a quarterly earnings miss, with an EPS of (0.07), falling short of analysts' expectations of $0.08.
• Insider trading activity shows significant sales, with Director Mamoon Amjad Hamid selling over 2.7 million shares valued at approximately $86.9 million, resulting in a notable decrease in ownership percentage.

Equities researchers at Piper Sandler assumed coverage on shares of Figma (NYSE:FIG - Get Free Report) in a note issued to investors on Thursday,Benzinga reports. The firm set an "overweight" rating and a $85.00 price target on the stock. Piper Sandler's target price would indicate a potential upside of 55.19% from the stock's current price.

A number of other analysts also recently weighed in on FIG. Morgan Stanley started coverage on shares of Figma in a report on Monday, August 25th. They issued an "equal weight" rating and a $80.00 price target for the company. Wolfe Research started coverage on shares of Figma in a report on Monday, August 25th. They issued a "peer perform" rating for the company. Royal Bank Of Canada started coverage on shares of Figma in a report on Monday, August 25th. They issued a "sector perform" rating and a $75.00 price target for the company. Wall Street Zen raised shares of Figma to a "hold" rating in a report on Saturday, August 9th. Finally, Zacks Research raised shares of Figma to a "hold" rating in a report on Thursday, August 21st. Three analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company's stock. Based on data from MarketBeat.com, Figma currently has a consensus rating of "Hold" and an average price target of $67.43.

Figma Trading Up 0.4%

Shares of NYSE FIG traded up $0.21 during trading hours on Thursday, hitting $54.77. 20,753,811 shares of the stock were exchanged, compared to its average volume of 7,323,794. The company has a market cap of $22.46 billion and a P/E ratio of 74.01. Figma has a one year low of $50.49 and a one year high of $142.92.

Figma (NYSE:FIG - Get Free Report) last posted its quarterly earnings data on Wednesday, September 3rd. The company reported ($0.07) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.08 by ($0.15). The company had revenue of $249.64 million for the quarter, compared to analyst estimates 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, 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 owned 834,800 shares in the company, valued at approximately $26,312,896. This represents a 79.78% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Mamoon Amjad Hamid sold 2,756,020 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 transaction of $86,869,750.40. Following the completion of the transaction, the director owned 1,559,622 shares of the company's stock, valued at approximately $49,159,285.44. This represents a 63.86% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have acquired 312,500 shares of company stock worth $10,312,500 and have sold 19,617,451 shares worth $618,294,215. Corporate insiders own 45.20% of the company's stock.

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.