Figma (NYSE:FIG) Stock Price Down 5% - Should You Sell?

Key Points

• Figma's stock price fell by 5%, trading between $67.38 and $67.56, following a sharp decline in trading volume, down 73% from its average.
• Analysts have mixed ratings on Figma, with price targets ranging from $65.00 to $85.00 and a consensus rating of "Hold" with an average target price of $67.43.
• Recent insider activity includes significant sales of shares by Director Mamoon Amjad Hamid, indicating a 63.86% decrease in his ownership position.

Figma, Inc. (NYSE:FIG - Get Free Report)'s share price dropped 5% on Thursday . The company traded as low as $67.38 and last traded at $67.56. Approximately 3,321,113 shares were traded during trading, a decline of 73% from the average daily volume of 12,204,710 shares. The stock had previously closed at $71.08.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on FIG shares. Piper Sandler assumed coverage on Figma in a report on Thursday, September 4th. They issued an "overweight" rating and a $85.00 price target for the company. Royal Bank Of Canada dropped their price target on Figma from $75.00 to $65.00 and set a "sector perform" rating for the company in a research report on Thursday, September 4th. Wolfe Research began coverage on Figma in a research report on Monday, August 25th. They issued a "peer perform" rating for the company. Wells Fargo & Company lowered their price objective on Figma from $82.00 to $70.00 and set an "equal weight" rating for the company in a research report on Thursday, September 4th. Finally, Bank of America lowered their price objective on Figma from $85.00 to $69.00 and set a "buy" rating for the company in a research report 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 stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $67.43.

Figma Trading Down 4.6%

The firm has a 50 day moving average price of $66.38. The company has a market cap of $27.81 billion and a P/E ratio of 91.64.

Figma (NYSE:FIG - Get Free Report) last released 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 company had revenue of $249.64 million for the quarter, compared to analyst estimates of $248.97 million. Figma has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS.

Insider Activity at Figma

In other Figma news, Director Mamoon Amjad Hamid sold 2,756,020 shares of Figma stock in a transaction that occurred on Friday, August 1st. The stock was 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 in the company, valued at $49,159,285.44. The trade was a 63.86% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Perkins Caufield & Bye Kleiner sold 87,366 shares of Figma stock in a transaction that occurred on Friday, August 1st. The stock was sold at an average price of $31.52, for a total value of $2,753,776.32. Following the sale, the insider owned 1,559,622 shares in the company, valued at $49,159,285.44. This represents a 5.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders bought 312,500 shares of company stock worth $10,312,500 and sold 19,617,451 shares worth $618,294,215. 45.20% of the stock is owned by company insiders.

Institutional Trading of Figma

A hedge fund recently bought a new stake in Figma stock. Voya Investment Management LLC acquired a new stake in Figma, Inc. (NYSE:FIG - Free Report) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 65,771 shares of the company's stock, valued at approximately $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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