Figma (NYSE:FIG) Reaches New 52-Week Low - Here's What Happened

Key Points

• Figma's shares hit a new 52-week low at $66.51, closing slightly higher at $66.80, with over 1.9 million shares traded.
• Analysts have mixed ratings on the stock, with three "Buy" ratings and seven "Hold" ratings, and an average target price of $74.29.
• Insider trading activity has seen significant selling, with major shareholders offloading over 6 million shares combined in early August, indicating a decrease in ownership stakes.

Shares of Figma, Inc. (NYSE:FIG - Get Free Report) reached a new 52-week low on Tuesday . The company traded as low as $66.51 and last traded at $66.80, with a volume of 1943782 shares traded. The stock had previously closed at $70.28.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on FIG shares. Zacks Research upgraded Figma to a "hold" rating in a research report on Thursday, August 21st. JPMorgan Chase & Co. began coverage on shares of Figma in a research note on Monday, August 25th. They issued a "neutral" rating and a $65.00 price target on the stock. Piper Sandler assumed coverage on shares of Figma in a research report on Thursday. They issued an "overweight" rating and a $85.00 price objective for the company. Bank of America dropped their target price on shares of Figma from $85.00 to $69.00 and set a "buy" rating on the stock in a research note on Thursday. Finally, Wolfe Research began coverage on shares of Figma in a research note on Monday, August 25th. They set a "peer perform" rating for the company. Three investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $67.43.

Figma Stock Down 19.7%

The stock has a market capitalization of $26.66 billion and a P/E ratio of 73.92.

Figma (NYSE:FIG - Get Free Report) last posted its earnings results 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 business had revenue of $249.64 million during the quarter, compared to the consensus estimate of $248.97 million. Figma has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS.

Insider Activity at Figma

In other Figma news, major shareholder Perkins Caufield & Bye Kleiner sold 87,366 shares of the stock in a transaction dated Friday, August 1st. The stock was sold at an average price of $31.52, for a total value of $2,753,776.32. Following the completion of the sale, the insider directly owned 1,559,622 shares in the company, valued at approximately $49,159,285.44. This trade represents a 5.30% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CRO Shaunt Voskanian sold 90,000 shares of the firm's stock in a transaction dated Friday, August 1st. The stock was sold at an average price of $31.52, for a total value of $2,836,800.00. Following the completion of the sale, the executive directly owned 1,681,300 shares of the company's stock, valued at approximately $52,994,576. This represents a 5.08% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have bought 312,500 shares of company stock valued at $10,312,500 and have sold 19,617,451 shares valued at $618,294,215. 45.20% of the stock is currently owned by insiders.

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.