Figma (NYSE:FIG) Sees Large Volume Increase - 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.

Figma, Inc. (NYSE:FIG - Get Free Report) saw strong trading volume on Friday . 10,482,660 shares were traded 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.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the company. The Goldman Sachs Group assumed coverage on Figma in a research note on Monday, August 25th. They issued a "neutral" rating and a $48.00 target price on the stock. Piper Sandler initiated coverage on Figma in a research report on Thursday. They set an "overweight" rating and a $85.00 price objective on the stock. Royal Bank Of Canada dropped their price objective on Figma from $75.00 to $65.00 and set a "sector perform" rating on the stock in a research report on Thursday. Zacks Research raised Figma to a "hold" rating in a research report on Thursday, August 21st. Finally, William Blair initiated coverage on Figma in a research report on Monday, August 25th. They set an "outperform" rating on the stock. Three equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $67.43.

Figma Price Performance

The firm has a market cap of $22.46 billion and a price-to-earnings ratio of 74.01.

Figma (NYSE:FIG - Get Free Report) last posted its quarterly earnings data on Wednesday, September 3rd. The company reported ($0.07) EPS for the quarter, missing the consensus estimate of $0.08 by ($0.15). The firm had revenue of $249.64 million during 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 Transactions at Figma

In other news, Director Mamoon Amjad Hamid sold 2,756,020 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 $86,869,750.40. Following the transaction, the director owned 1,559,622 shares of the company's stock, valued at $49,159,285.44. This trade represents a 63.86% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Perkins Caufield & Bye Kleiner sold 2,668,654 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 $84,115,974.08. Following the completion of the transaction, the insider directly owned 47,639,812 shares in the company, valued at $1,501,606,874.24. This trade represents a 5.30% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have purchased 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 owned by corporate insiders.

About Figma

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.