Figma (NYSE:FIG) Shares Gap Up - Should You Buy?

Key Points

• Figma's shares gapped up significantly from a previous close of $56.96 to an opening price of $61.60, and traded at $63.20 with a volume of over 7 million shares.
• Analysts have mixed ratings on Figma: while JPMorgan issued a "neutral" rating with a $65 target, Bank of America reduced their target from $85 to $69 and maintained a "buy" rating.
• In recent insider trading, major shareholders sold significant portions of their stock, raising concerns as the company reported a disappointing quarterly EPS of ($0.07), missing consensus estimates.

Shares of Figma, Inc. (NYSE:FIG - Get Free Report) gapped up prior to trading on Tuesday . The stock had previously closed at $56.96, but opened at $61.60. Figma shares last traded at $63.20, with a volume of 7,223,069 shares traded.

Analyst Ratings Changes

FIG has been the subject of a number of research reports. JPMorgan Chase & Co. began coverage on shares of Figma in a research note on Monday, August 25th. They issued a "neutral" rating and a $65.00 price target for the company. Bank of America cut their target price on shares of Figma from $85.00 to $69.00 and set a "buy" rating for the company in a research report on Thursday, September 4th. Wall Street Zen raised Figma to a "hold" rating in a research note on Saturday, August 9th. Zacks Research raised Figma to a "hold" rating in a research note on Thursday, August 21st. Finally, William Blair reiterated an "outperform" rating on shares of Figma in a report on Thursday, September 4th. Three analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $67.43.

Figma Price Performance

The business's 50-day moving average price is $66.35. The firm has a market cap of $24.86 billion and a price-to-earnings ratio of 81.91.

Figma (NYSE:FIG - Get Free Report) last released 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 related news, major shareholder Perkins Caufield & Bye Kleiner sold 87,366 shares of the company's stock in a transaction on Friday, August 1st. The shares were sold at an average price of $31.52, for a total transaction of $2,753,776.32. Following the completion of the sale, the insider directly owned 1,559,622 shares in the company, valued at $49,159,285.44. This represents a 5.30% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Mamoon Amjad Hamid sold 2,756,020 shares of the stock in a transaction on 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 sale, the director directly owned 1,559,622 shares of the company's stock, valued at $49,159,285.44. The trade was a 63.86% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, 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.

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.

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