Figma (NYSE:FIG) Now Covered by 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.

Investment analysts at Piper Sandler initiated coverage on shares of Figma (NYSE:FIG - Get Free Report) in a research 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 price objective points to a potential upside of 59.83% from the stock's current price.

Other equities analysts also recently issued reports about the company. JPMorgan Chase & Co. initiated coverage on Figma in a report on Monday, August 25th. They issued a "neutral" rating and a $65.00 price objective on the stock. Morgan Stanley started coverage on shares of Figma in a research note on Monday, August 25th. They set an "equal weight" rating and a $80.00 price objective for the company. Royal Bank Of Canada started coverage on shares of Figma in a research note on Monday, August 25th. They set a "sector perform" rating and a $75.00 price objective for the company. Bank of America started coverage on shares of Figma in a research note on Monday, August 25th. They set a "buy" rating and a $85.00 price objective for the company. Finally, William Blair started coverage on shares of Figma in a research note on Monday, August 25th. They set an "outperform" rating for the company. Three equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $67.43.

Figma Price Performance

Shares of NYSE FIG traded down $1.68 during midday trading on Thursday, reaching $53.18. 6,426,012 shares of the stock were exchanged, compared to its average volume of 12,991,246. The company has a market cap of $21.81 billion and a PE ratio of 71.86. Figma has a 52-week low of $50.49 and a 52-week high of $142.92.

Figma (NYSE:FIG - Get Free Report) last released its earnings results 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 company 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 at Figma

In other news, Director Daniel H. Rimer sold 3,293,276 shares of the business's stock in a transaction on Friday, August 1st. The shares were sold at an average price of $31.52, for a total transaction of $103,804,059.52. Following the transaction, the director directly owned 834,800 shares of the company's stock, valued at approximately $26,312,896. The trade was a 79.78% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, major shareholder Greylock Xiv Gp Llc sold 3,074,755 shares of the business's stock in a transaction on Friday, August 1st. The stock was sold at an average price of $31.51, for a total transaction of $96,885,530.05. Following the transaction, the insider directly owned 2,921,029 shares in the company, valued at approximately $92,041,623.79. The trade was a 51.28% 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 valued at $10,312,500 and sold 19,617,451 shares valued at $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.