Figma, Inc.’s (NYSE:FIG) Lock-Up Period Will End on January 27th

Figma’s (NYSE:FIG) lock-up period will end on Tuesday, January 27th. Figma had issued 36,937,080 shares in its initial public offering on July 31st. The total size of the offering was $1,218,923,640 based on an initial share price of $33.00. Shares of the company owned by company insiders and major shareholders will be eligible for trade following the end of the lock-up period.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. The Goldman Sachs Group initiated coverage on shares of Figma in a report on Monday, January 12th. They set a “neutral” rating and a $40.00 price target for the company. Morgan Stanley cut their target price on shares of Figma from $65.00 to $48.00 and set an “equal weight” rating for the company in a research report on Thursday. Stifel Nicolaus began coverage on shares of Figma in a report on Wednesday, January 7th. They set a “hold” rating and a $40.00 price target on the stock. Wells Fargo & Company raised shares of Figma from an “equal weight” rating to an “overweight” rating and set a $52.00 price target on the stock in a research note on Thursday, January 8th. Finally, Weiss Ratings reiterated a “sell (e+)” rating on shares of Figma in a report on Monday, December 29th. Four investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $52.13.

Figma Trading Down 6.2%

NYSE FIG opened at $29.64 on Tuesday. Figma has a fifty-two week low of $29.48 and a fifty-two week high of $142.92. The company’s 50-day moving average is $36.96. The company has a market capitalization of $12.33 billion and a price-to-earnings ratio of -11.06.

Figma (NYSE:FIG) last released its quarterly earnings results on Wednesday, November 5th. The company reported $0.10 earnings per share (EPS) for the quarter, topping the consensus estimate of ($1.56) by $1.66. Figma had a negative return on equity of 84.34% and a negative net margin of 99.32%.The company had revenue of $274.17 million during the quarter. During the same quarter last year, the company posted $0.04 EPS. The business’s revenue was up 38.0% compared to the same quarter last year.

Insider Buying and Selling

In related news, CRO Shaunt Voskanian sold 403,335 shares of the company’s stock in a transaction on Monday, November 10th. The shares were sold at an average price of $43.39, for a total transaction of $17,500,705.65. Following the completion of the sale, the executive directly owned 1,617,326 shares of the company’s stock, valued at approximately $70,175,775.14. This represents a 19.96% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Dylan Field sold 3,029,063 shares of the firm’s stock in a transaction on Monday, November 17th. The shares were sold at an average price of $37.30, for a total transaction of $112,984,049.90. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 5,504,322 shares of company stock worth $208,922,546.

Institutional Investors Weigh In On Figma

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Matauro LLC bought a new position in shares of Figma in the fourth quarter worth about $953,000. Washington University acquired a new stake in Figma in the 4th quarter valued at approximately $992,000. Clarius Group LLC bought a new position in Figma in the 4th quarter worth approximately $259,000. TrueMark Investments LLC increased its position in Figma by 20.4% in the 4th quarter. TrueMark Investments LLC now owns 20,362 shares of the company’s stock worth $761,000 after buying an additional 3,452 shares during the period. Finally, Thompson Investment Management Inc. bought a new stake in shares of Figma in the fourth quarter valued at approximately $57,000.

Figma Company Profile

Figma is a San Francisco–based software company that offers a web-based platform for interface design, prototyping and collaboration. Its flagship product, Figma, enables teams to create and refine user interfaces, vector graphics and design systems directly in a browser, eliminating the need for local installations. The platform’s real-time collaboration features allow multiple stakeholders—designers, developers and product managers—to edit and comment simultaneously, streamlining workflows and reducing version control issues.

In addition to its core design tool, Figma provides FigJam, a digital whiteboarding solution that facilitates brainstorming sessions, wireframing and diagramming.