Figma, Inc. (NYSE:FIG) Receives $74.29 Average Price Target from Brokerages

Shares of Figma, Inc. (NYSE:FIG) have been assigned an average recommendation of “Hold” from the ten analysts that are currently covering the company, MarketBeat Ratings reports. Seven research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12 month target price among analysts that have covered the stock in the last year is $74.2857.

FIG has been the subject of a number of recent research reports. Piper Sandler initiated coverage on shares of Figma in a research report on Wednesday, August 20th. They set an “overweight” rating and a $85.00 price objective for the company. Wall Street Zen raised shares of Figma to a “hold” rating in a report on Saturday, August 9th. Wells Fargo & Company assumed coverage on shares of Figma in a report on Monday. They issued an “equal weight” rating and a $82.00 target price for the company. The Goldman Sachs Group assumed coverage on shares of Figma in a report on Monday. They issued a “neutral” rating and a $48.00 target price for the company. Finally, Morgan Stanley assumed coverage on shares of Figma in a report on Monday. They issued an “equal weight” rating and a $80.00 target price for the company.

Figma Stock Down 0.7%

Shares of FIG stock opened at $69.66 on Monday. Figma has a 1 year low of $67.00 and a 1 year high of $142.92. The firm has a market cap of $33.96 billion and a PE ratio of 94.14.

Insider Buying and Selling

In related news, major shareholder Ventures Vi (Jersey) Lp Index sold 3,187,765 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 $100,478,352.80. Following the completion of the transaction, the insider owned 55,810,810 shares of the company’s stock, valued at approximately $1,759,156,731.20. This represents a 5.40% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, major shareholder Perkins Caufield & Bye Kleiner sold 2,668,654 shares of the company’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 $84,115,974.08. Following the completion of the transaction, the insider directly owned 47,639,812 shares of the company’s stock, valued at $1,501,606,874.24. This represents a 5.30% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have purchased 312,500 shares of company stock worth $10,312,500 and have sold 19,617,451 shares worth $618,294,215. 45.20% of the stock is currently owned by corporate insiders.

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.