Figma (NYSE:FIG) Stock Price Down 4.8% - Should You Sell?

Key Points

• Figma's Stock Performance: Figma shares fell 4.8% to $55.61, representing a decline from the previous close of $58.41, with trading volume down 46% compared to the average.
• Analyst Ratings: Analysts have mixed views on Figma, with three "Buy" ratings, seven "Hold" ratings, and an average price target of $67.43.
• Insider Selling: Significant sales occurred, including a director selling over 3.2 million shares, indicating potential concerns about the stock's outlook.

Figma, Inc. (NYSE:FIG - Get Free Report) shares fell 4.8% on Friday . The company traded as low as $55.24 and last traded at $55.61. 6,548,125 shares traded hands during trading, a decline of 46% from the average session volume of 12,131,215 shares. The stock had previously closed at $58.41.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on FIG. Zacks Research raised shares of Figma to a "hold" rating in a research note on Thursday, August 21st. Royal Bank Of Canada dropped their price target on shares of Figma from $75.00 to $65.00 and set a "sector perform" rating for the company in a research note on Thursday, September 4th. Bank of America dropped their price target on shares of Figma from $85.00 to $69.00 and set a "buy" rating for the company in a research note on Thursday, September 4th. JPMorgan Chase & Co. began coverage on shares of Figma in a research note on Monday, August 25th. They set a "neutral" rating and a $65.00 price objective on the stock. Finally, Morgan Stanley reduced their price objective on shares of Figma from $80.00 to $70.00 and set an "equal weight" rating on the stock in a research note on Thursday, September 4th. Three equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $67.43.

Figma Trading Up 3.5%

Figma (NYSE:FIG - Get Free Report) last announced its quarterly earnings results on Wednesday, September 3rd. The company reported ($0.07) earnings per share for the quarter, missing analysts' consensus estimates of $0.08 by ($0.15). The business 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 related news, major shareholder Greylock Xiv Gp Llc sold 3,074,755 shares of the business's stock in a transaction on Friday, August 1st. The shares were 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Daniel H. Rimer sold 3,293,276 shares of the business's stock in a transaction on Friday, August 1st. The stock was sold at an average price of $31.52, for a total transaction of $103,804,059.52. Following the transaction, the director owned 834,800 shares in the company, valued at approximately $26,312,896. The trade was a 79.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, 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.