Figma (NYSE:FIG) Coverage Initiated by Analysts at Wolfe Research

Wolfe Research began coverage on shares of Figma (NYSE:FIG) in a research note released on Monday morning, Marketbeat.com reports. The brokerage issued a peer perform rating on the stock.

FIG has been the subject of several other reports. Zacks Research raised shares of Figma to a “hold” rating in a research report on Thursday, August 21st. Wall Street Zen raised shares of Figma to a “hold” rating in a research note on Saturday, August 9th. JPMorgan Chase & Co. started coverage on shares of Figma in a research report on Monday. They set a “neutral” rating and a $65.00 target price on the stock. William Blair initiated coverage on Figma in a report on Monday. They set an “outperform” rating on the stock. Finally, Piper Sandler initiated coverage on Figma in a research note on Wednesday, August 20th. They set an “overweight” rating and a $85.00 price target for the company. Three equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $74.29.

Figma Price Performance

Shares of NYSE FIG opened at $70.37 on Monday. Figma has a 52 week low of $67.00 and a 52 week high of $142.92. The company has a market capitalization of $34.30 billion and a P/E ratio of 95.09.

Insider Transactions at Figma

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 stock was 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 directly owned 834,800 shares of the company’s stock, valued at approximately $26,312,896. This represents a 11.22% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Daniel H. Rimer sold 3,293,276 shares of the firm’s stock in a transaction on Friday, August 1st. The stock was 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 owned 834,800 shares in the company, valued at approximately $26,312,896. The trade was a 79.78% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have acquired 312,500 shares of company stock worth $10,312,500 and have sold 19,617,451 shares worth $618,294,215.

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.