Figma (NYSE:FIG) Trading 11.7% Higher - Here's What Happened

Key Points

• Figma's share price surged by 11.7% to reach $59.24, up from a previous close of $53.04, with trading volume exceeding average levels significantly.
• Analyst ratings on Figma have been mixed, with three analysts giving it a Buy rating and seven issuing a Hold rating, while major firms have lowered their price targets.
• Insider trading indicated significant sell-offs, including a director selling over 3.29 million shares, reflecting decreased ownership stakes in the company.

Figma, Inc. (NYSE:FIG - Get Free Report)'s share price traded up 11.7% during trading on Monday . The company traded as high as $61.75 and last traded at $59.24. 15,631,681 shares were traded during mid-day trading, an increase of 37% from the average session volume of 11,368,599 shares. The stock had previously closed at $53.04.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on FIG shares. Bank of America lowered their price target on shares of Figma from $85.00 to $69.00 and set a "buy" rating on the stock in a research note on Thursday, September 4th. Wells Fargo & Company reduced their price target on Figma from $82.00 to $70.00 and set an "equal weight" rating on the stock in a research note on Thursday, September 4th. Royal Bank Of Canada cut their price target on shares of Figma from $75.00 to $65.00 and set a "sector perform" rating on the stock in a research note on Thursday, September 4th. Morgan Stanley dropped their target price 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. Finally, Wall Street Zen upgraded shares of Figma to a "hold" rating in a research note on Saturday, August 9th. Three equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $67.43.

Figma Stock Performance

The stock has a 50-day simple moving average of $66.35.

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

Insiders Place Their Bets

In other news, Director Daniel H. Rimer sold 3,293,276 shares of the business's stock in a transaction that occurred on Friday, August 1st. The shares were sold at an average price of $31.52, for a total value of $103,804,059.52. Following the completion of the transaction, the director directly owned 834,800 shares in the company, valued at approximately $26,312,896. The trade was a 79.78% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Perkins Caufield & Bye Kleiner sold 2,668,654 shares of Figma stock in a transaction dated Friday, August 1st. The shares were sold at an average price of $31.52, for a total value of $84,115,974.08. Following the sale, the insider directly owned 47,639,812 shares in the company, valued at $1,501,606,874.24. The trade was a 5.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, 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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