Figma (NYSE:FIG) Stock Price Down 3.9% - What's Next?

Key Points

• Figma's stock price fell 3.9% to $54.63, with a notable decline in trading volume of 62% from its average.
• Analysts have downgraded their price targets for Figma, with Goldman Sachs setting a target of $48.00 and Royal Bank of Canada lowering theirs from $75.00 to $65.00.
• Despite recent insider sales, several hedge funds are increasing their stakes in Figma, reflecting ongoing interest from institutional investors.

Figma, Inc. (NYSE:FIG - Get Free Report)'s share price dropped 3.9% on Monday . The stock traded as low as $54.60 and last traded at $54.63. Approximately 4,592,562 shares were traded during mid-day trading, a decline of 62% from the average daily volume of 12,088,571 shares. The stock had previously closed at $56.84.

Analyst Ratings Changes

Several brokerages have recently commented on FIG. The Goldman Sachs Group started coverage on Figma in a research note on Monday, August 25th. They issued a "neutral" rating and a $48.00 price target on the stock. Royal Bank Of Canada decreased their target price on shares of Figma from $75.00 to $65.00 and set a "sector perform" rating on the stock in a research report on Thursday, September 4th. Morgan Stanley dropped their price target on shares of Figma from $80.00 to $70.00 and set an "equal weight" rating for the company in a research report on Thursday, September 4th. Wells Fargo & Company reduced their price target on shares of Figma from $82.00 to $70.00 and set an "equal weight" rating on the stock in a research note on Thursday, September 4th. Finally, Zacks Research upgraded shares of Figma to a "hold" rating in a report on Thursday, August 21st. 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, Figma presently has a consensus rating of "Hold" and an average price target of $67.43.

Figma Stock Performance

The firm has a 50 day simple moving average of $62.92. The firm has a market cap of $22.76 billion and a price-to-earnings ratio of 75.01.

Figma (NYSE:FIG - Get Free Report) last released its earnings results on Wednesday, September 3rd. The company reported ($0.07) EPS for the quarter, missing the consensus estimate of $0.08 by ($0.15). The company 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.

Insiders Place Their Bets

In other Figma news, major shareholder Ventures Vi (Jersey) Lp Index sold 105,511 shares of Figma stock in a transaction dated Friday, August 1st. The stock was sold at an average price of $31.52, for a total transaction of $3,325,706.72. Following the completion of the sale, the insider directly owned 834,800 shares of the company's stock, valued at $26,312,896. The trade was a 11.22% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CRO Shaunt Voskanian sold 90,000 shares of the company'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 $2,836,800.00. Following the transaction, the executive directly owned 1,681,300 shares of the company's stock, valued at approximately $52,994,576. This represents a 5.08% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders acquired 312,500 shares of company stock worth $10,312,500 and sold 19,617,451 shares worth $618,294,215.

Hedge Funds Weigh In On Figma

Several hedge funds have recently added to or reduced their stakes in FIG. Tripletail Wealth Management LLC purchased a new stake in shares of Figma during the 3rd quarter worth approximately $53,000. VERITY Wealth Advisors purchased a new stake in Figma in the third quarter valued at $519,000. Renaissance Capital LLC acquired a new position in Figma in the third quarter valued at $2,439,000. Finally, Voya Investment Management LLC purchased a new position in shares of Figma during the third quarter worth about $3,412,000.

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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