Traders Purchase Large Volume of Figma Call Options (NYSE:FIG)

Key Points

• Traders have shown significant interest in Figma, acquiring 120,771 call options, marking a 121% increase in volume from the average.
• Figma shares rose to $57.25, with a trading volume that exceeded its average significantly, suggesting increased market activity.
• Insider trading activity revealed significant share sales by major shareholders, with one insider reducing their stake by 79.78%.

Figma, Inc. (NYSE:FIG - Get Free Report) was the target of some unusual options trading activity on Monday. Traders acquired 120,771 call options on the stock. This is an increase of approximately 121% compared to the typical volume of 54,643 call options.

Figma Stock Performance

Shares of FIG traded up $4.21 during midday trading on Monday, reaching $57.25. The stock had a trading volume of 27,690,755 shares, compared to its average volume of 11,774,252. Figma has a 1-year low of $49.53 and a 1-year high of $142.92. The business has a fifty day moving average price of $66.55. The firm has a market capitalization of $23.48 billion and a P/E ratio of 77.36.

Figma (NYSE:FIG - Get Free Report) last posted its earnings results on Wednesday, September 3rd. The company reported ($0.07) EPS 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 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 news, major shareholder Ventures Vi (Jersey) Lp Index sold 105,511 shares of the 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 $3,325,706.72. Following the completion of the sale, the insider owned 834,800 shares of the company's stock, valued at $26,312,896. This represents a 11.22% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Daniel H. Rimer sold 3,293,276 shares of the stock in a transaction that occurred on Friday, August 1st. The shares were sold at an average price of $31.52, for a total transaction of $103,804,059.52. Following the completion of the sale, the director directly owned 834,800 shares of the company's stock, valued at approximately $26,312,896. This trade represents a 79.78% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have bought 312,500 shares of company stock worth $10,312,500 and have sold 19,617,451 shares worth $618,294,215. Corporate insiders own 45.20% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on FIG shares. William Blair restated an "outperform" rating on shares of Figma in a report on Thursday, September 4th. Bank of America decreased their price objective on shares of Figma from $85.00 to $69.00 and set a "buy" rating on the stock in a report on Thursday, September 4th. Wolfe Research began coverage on shares of Figma in a report on Monday, August 25th. They issued a "peer perform" rating on the stock. Royal Bank Of Canada reduced their target price on shares of Figma from $75.00 to $65.00 and set a "sector perform" rating on the stock in a report on Thursday, September 4th. Finally, Morgan Stanley reduced their target price on shares of Figma from $80.00 to $70.00 and set an "equal weight" rating on the stock in a report on Thursday, September 4th. Three equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $67.43.

Figma Company Profile

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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