Figma (NYSE:FIG) Shares Gap Down Following Weak Earnings

Key Points

• Figma's shares gapped down by over 18.9% after reporting a quarterly earnings miss, with EPS at ($0.07) compared to the consensus estimate of $0.08.
• Several analysts have issued mixed ratings for Figma, with a consensus rating of "Hold" and an average price target of $67.43.
• Insider trading activity included the sale of a significant number of shares by Director Mamoon Amjad Hamid and by major shareholder Ventures Vi, indicating a notable decrease in their ownership stakes.

Figma, Inc. (NYSE:FIG - Get Free Report) gapped down prior to trading on Thursday after the company announced weaker than expected quarterly earnings. The stock had previously closed at $68.13, but opened at $55.90. Figma shares last traded at $53.30, with a volume of 11,597,832 shares.

The company reported ($0.07) 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.

Analysts Set New Price Targets

FIG has been the subject of a number of research reports. William Blair reissued an "outperform" rating on shares of Figma in a research report on Thursday. Morgan Stanley lowered their price target on shares of Figma from $80.00 to $70.00 and set an "equal weight" rating for the company in a report on Thursday. Piper Sandler assumed coverage on Figma in a report on Thursday. They set an "overweight" rating and a $85.00 price objective on the stock. Wolfe Research assumed coverage on shares of Figma in a research report on Monday, August 25th. They issued a "peer perform" rating for the company. Finally, JPMorgan Chase & Co. started coverage on Figma in a research report on Monday, August 25th. They set a "neutral" rating and a $65.00 price target on the stock. Three investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $67.43.

Insider Activity

In related news, Director Mamoon Amjad Hamid sold 2,756,020 shares of the stock in a transaction dated Friday, August 1st. The shares were sold at an average price of $31.52, for a total transaction of $86,869,750.40. Following the completion of the transaction, the director owned 1,559,622 shares in the company, valued at approximately $49,159,285.44. This represents a 63.86% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Ventures Vi (Jersey) Lp Index sold 3,187,765 shares of the firm's stock in a transaction on Friday, August 1st. The stock was sold at an average price of $31.52, for a total value of $100,478,352.80. Following the completion of the sale, the insider directly owned 55,810,810 shares of the company's stock, valued at $1,759,156,731.20. This represents a 5.40% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have acquired 312,500 shares of company stock valued at $10,312,500 and have sold 19,617,451 shares valued at $618,294,215.

Figma Trading Down 3.1%

The company has a market capitalization of $21.81 billion and a PE ratio of 71.86.

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.