Morgan Stanley Cuts Figma (NYSE:FIG) Price Target to $70.00

Figma (NYSE:FIG) had its price objective lowered by Morgan Stanley from $80.00 to $70.00 in a research report released on Thursday, Marketbeat.com reports. The brokerage currently has an equal weight rating on the stock.

A number of other brokerages also recently weighed in on FIG. Wolfe Research assumed coverage on shares of Figma in a research note on Monday, August 25th. They issued a “peer perform” rating for the company. William Blair assumed coverage on shares of Figma in a research note on Monday, August 25th. They issued an “outperform” rating for the company. Wells Fargo & Company began coverage on shares of Figma in a research note on Monday, August 25th. They issued an “equal weight” rating and a $82.00 target price for the company. Zacks Research raised shares of Figma to a “hold” rating in a research note on Thursday, August 21st. Finally, Bank of America began coverage on shares of Figma in a research note on Monday, August 25th. They set a “buy” rating and a $85.00 price target for the company. Three investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $67.43.

Figma Trading Up 0.4%

Shares of FIG opened at $54.77 on Thursday. The firm has a market capitalization of $22.46 billion and a P/E ratio of 74.01. Figma has a one year low of $50.49 and a one year high of $142.92.

Figma (NYSE:FIG) last announced its earnings results on Wednesday, September 3rd. The company reported ($0.07) EPS for the quarter, missing the consensus estimate 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.

Insider Activity

In related news, major shareholder Greylock Xiv Gp Llc sold 3,074,755 shares of the business’s stock in a transaction that occurred on Friday, August 1st. The shares were sold at an average price of $31.51, for a total transaction of $96,885,530.05. Following the completion of the transaction, the insider owned 2,921,029 shares in the company, valued at approximately $92,041,623.79. The trade was a 51.28% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Ventures Vi (Jersey) Lp Index sold 3,187,765 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 transaction of $100,478,352.80. Following 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 disclosure for this sale can be found here. In the last 90 days, insiders have acquired 312,500 shares of company stock valued at $10,312,500 and have sold 19,617,451 shares valued at $618,294,215. Company 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.