Figma (NYSE:FIG) Sets New 12-Month Low - Here's What Happened

Key Points

• Figma shares hit a new 52‑week low, trading as low as $19.60 and last at $19.22 (down ~4.1%) with a market cap of about $8.52 billion and 50-/200‑day moving averages of $24.69 and $36.66 respectively.
• Analysts maintain a consensus Hold rating (4 Buys, 9 Holds, 1 Sell) with a consensus price target of $43.25, well above the current share price.
• Insider activity was mixed: Director Andrew Phillips Reed bought 912,749 shares (~$22.18M) while CEO Dylan Field sold 250,000 shares; insiders have sold ~1.38M shares in the past 90 days but still own 45.20% of the company.

Figma, Inc. (NYSE:FIG - Get Free Report)'s stock price hit a new 52-week low on Thursday . The company traded as low as $19.60 and last traded at $19.2190, with a volume of 878324 shares changing hands. The stock had previously closed at $20.15.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. Oppenheimer assumed coverage on shares of Figma in a research report on Wednesday, March 25th. They set a "market perform" rating for the company. Piper Sandler reaffirmed an "overweight" rating and set a $35.00 price objective on shares of Figma in a research report on Thursday, February 19th. Morgan Stanley set a $44.00 price objective on shares of Figma in a research report on Thursday, February 19th. Stifel Nicolaus lowered their price objective on shares of Figma from $40.00 to $30.00 and set a "hold" rating for the company in a research report on Thursday, February 19th. Finally, Barclays raised shares of Figma to a "neutral" rating in a research report on Thursday, January 8th. Four research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $43.25.

Figma Trading Down 4.1%

The stock has a market cap of $8.52 billion and a P/E ratio of -6.17. The firm's 50-day simple moving average is $24.69 and its 200 day simple moving average is $36.66.

Figma (NYSE:FIG - Get Free Report) last posted its earnings results on Wednesday, February 18th. The company reported $0.08 EPS for the quarter, topping the consensus estimate of ($0.20) by $0.28. Figma had a negative net margin of 121.87% and a negative return on equity of 97.03%. The firm had revenue of $303.78 million during the quarter. The business's revenue for the quarter was up 40.1% on a year-over-year basis.

Insiders Place Their Bets

In other news, Director Andrew Phillips Reed bought 912,749 shares of the firm's stock in a transaction on Monday, February 23rd. The stock was purchased at an average price of $24.30 per share, for a total transaction of $22,179,800.70. Following the transaction, the director owned 1,466,852 shares in the company, valued at approximately $35,644,503.60. This trade represents a 164.73% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Dylan Field sold 250,000 shares of the company's stock in a transaction dated Wednesday, January 14th. The stock was sold at an average price of $32.63, for a total transaction of $8,157,500.00. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 1,378,811 shares of company stock worth $40,904,464. Insiders own 45.20% of the company's stock.

Institutional Trading of Figma

A number of institutional investors have recently made changes to their positions in FIG. Voya Investment Management LLC acquired a new stake in shares of Figma in the 3rd quarter worth approximately $3,412,000. VERITY Wealth Advisors acquired a new stake in shares of Figma in the 3rd quarter worth approximately $519,000. Tripletail Wealth Management LLC acquired a new stake in shares of Figma in the 3rd quarter worth approximately $53,000. Renaissance Capital LLC acquired a new stake in shares of Figma in the 3rd quarter worth approximately $2,439,000. Finally, SOA Wealth Advisors LLC. acquired a new stake in shares of Figma in the 3rd quarter worth approximately $39,000.

Figma Company Profile

Figma is a San Francisco–based software company that offers a web-based platform for interface design, prototyping and collaboration. Its flagship product, Figma, enables teams to create and refine user interfaces, vector graphics and design systems directly in a browser, eliminating the need for local installations. The platform's real-time collaboration features allow multiple stakeholders—designers, developers and product managers—to edit and comment simultaneously, streamlining workflows and reducing version control issues.

In addition to its core design tool, Figma provides FigJam, a digital whiteboarding solution that facilitates brainstorming sessions, wireframing and diagramming.

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