William Blair Issues Optimistic Estimate for Figma Earnings

Key Points

• William Blair has increased its FY2025 earnings per share (EPS) estimates for Figma to $0.29, up from $0.28, and maintains an "Outperform" rating on the stock.
• Multiple brokerages have initiated or adjusted ratings on Figma, with JPMorgan Chase and Goldman Sachs both setting "neutral" ratings and price targets of $65.00 and $48.00, respectively.
• Insider transactions revealed that significant shares were sold recently, with Director Mamoon Amjad Hamid and major shareholder Greylock XIV GP LLC reducing their stakes substantially in early August.

Figma, Inc. (NYSE:FIG - Free Report) - Investment analysts at William Blair upped their FY2025 EPS estimates for Figma in a research report issued on Thursday, September 4th. William Blair analyst A. Bhatia now forecasts that the company will post earnings of $0.29 per share for the year, up from their prior estimate of $0.28. William Blair has a "Outperform" rating on the stock. William Blair also issued estimates for Figma's Q3 2026 earnings at $0.05 EPS, FY2026 earnings at $0.20 EPS and FY2027 earnings at $0.22 EPS.

A number of other research analysts have also issued reports on FIG. The Goldman Sachs Group started coverage on Figma in a report on Monday, August 25th. They issued a "neutral" rating and a $48.00 target price on the stock. Zacks Research raised shares of Figma to a "hold" rating in a research note on Thursday, August 21st. Bank of America reduced their target price on shares of Figma from $85.00 to $69.00 and set a "buy" rating for the company in a research note on Thursday, September 4th. Royal Bank Of Canada lowered 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, Piper Sandler initiated coverage on shares of Figma in a report on Thursday, September 4th. They set an "overweight" rating and a $85.00 price target for the company. Three investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $67.43.

Figma Stock Up 9.7%

FIG traded up $4.94 on Monday, hitting $56.00. 13,155,537 shares of the company traded hands, compared to its average volume of 7,990,064. Figma has a 12-month low of $50.49 and a 12-month high of $142.92. The company has a market cap of $22.97 billion and a PE ratio of 75.68.

Figma (NYSE:FIG - Get Free Report) last announced 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.

Insider Activity

In related news, CRO Shaunt Voskanian sold 90,000 shares of the firm's 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 $2,836,800.00. Following the completion of the transaction, the executive directly owned 1,681,300 shares of the company's stock, valued at $52,994,576. This trade represents a 5.08% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, 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 value 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 trade represents a 5.30% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have bought 312,500 shares of company stock valued at $10,312,500 and have sold 19,617,451 shares valued at $618,294,215. Corporate insiders own 45.20% of the company's stock.

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.