Figma (NYSE:FIG) Sees Strong Trading Volume - Here's Why

Key Points

• Figma (NYSE:FIG) experienced a trading volume of approximately 10.48 million shares on Friday, reflecting a 17% decline from the previous session's volume.
• The company's recent earnings report indicated a loss of $0.07 per share, missing estimates by $0.15, despite revenue of $249.64 million exceeding expectations.
• Multiple analysts have updated their ratings for Figma, with an average price target set at $67.43, and three analysts giving a Buy rating while seven issued Hold ratings.

Shares of Figma, Inc. (NYSE:FIG - Get Free Report) saw unusually-high trading volume on Friday . Approximately 10,482,660 shares changed hands during mid-day trading, a decline of 17% from the previous session's volume of 12,629,550 shares.The stock last traded at $53.07 and had previously closed at $54.56.

Analyst Ratings Changes

FIG has been the subject of a number of research reports. Wolfe Research initiated coverage on shares of Figma in a report on Monday, August 25th. They issued a "peer perform" rating for the company. Wall Street Zen upgraded Figma to a "hold" rating in a research report on Saturday, August 9th. The Goldman Sachs Group began coverage on Figma in a research report on Monday, August 25th. They issued a "neutral" rating and a $48.00 price target on the stock. Piper Sandler began coverage on Figma in a research report on Thursday, September 4th. They issued an "overweight" rating and a $85.00 price target on the stock. Finally, JPMorgan Chase & Co. began coverage on Figma in a research report on Monday, August 25th. They issued a "neutral" rating and a $65.00 price target on the stock. Three research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $67.43.

Figma Stock Up 1.7%

The stock has a market cap of $21.88 billion and a P/E ratio of 72.09.

Figma (NYSE:FIG - Get Free Report) last announced its earnings results on Wednesday, September 3rd. The company reported ($0.07) EPS for the quarter, missing the consensus estimate of $0.08 by ($0.15). The company 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 related news, CRO Shaunt Voskanian sold 90,000 shares of the company's stock in a transaction dated Friday, August 1st. The stock was sold at an average price of $31.52, for a total transaction of $2,836,800.00. Following the sale, the executive owned 1,681,300 shares in the company, valued at $52,994,576. This represents a 5.08% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Daniel H. Rimer sold 3,293,276 shares of the company's stock in a transaction that occurred on Friday, August 1st. The stock was sold at an average price of $31.52, for a total value of $103,804,059.52. Following the transaction, the director directly owned 834,800 shares in the company, valued at approximately $26,312,896. This trade represents a 79.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have purchased 312,500 shares of company stock worth $10,312,500 and have sold 19,617,451 shares worth $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.