Figma (NYSE:FIG) Reaches New 1-Year Low – Time to Sell?

Figma, Inc. (NYSE:FIG)’s stock price hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as $19.70 and last traded at $20.3040, with a volume of 896896 shares traded. The stock had previously closed at $20.42.

Analysts Set New Price Targets

FIG has been the subject of a number of recent research reports. Barclays raised Figma to a “neutral” rating in a research note on Thursday, January 8th. Wall Street Zen upgraded Figma from a “sell” rating to a “hold” rating in a report on Sunday, February 8th. Piper Sandler reaffirmed an “overweight” rating and set a $35.00 price objective on shares of Figma in a research report on Thursday, February 19th. The Goldman Sachs Group set a $35.00 target price on shares of Figma in a research note on Thursday, February 19th. Finally, Oppenheimer assumed coverage on shares of Figma in a research note on Wednesday, March 25th. They set a “market perform” rating on the stock. Four research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $43.25.

Figma Price Performance

The stock has a market cap of $9.38 billion and a price-to-earnings ratio of -6.82. The stock’s 50 day simple moving average is $25.19 and its two-hundred day simple moving average is $37.53.

Figma (NYSE:FIG) last released its quarterly earnings data on Wednesday, February 18th. The company reported $0.08 EPS for the quarter, topping analysts’ consensus estimates of ($0.20) by $0.28. The company had revenue of $303.78 million during the quarter. Figma had a negative net margin of 121.87% and a negative return on equity of 97.03%. The firm’s revenue for the quarter was up 40.1% on a year-over-year basis.

Insiders Place Their Bets

In related news, CRO Shaunt Voskanian sold 8,554 shares of the stock in a transaction dated Wednesday, February 25th. The shares were sold at an average price of $30.00, for a total transaction of $256,620.00. Following the completion of the sale, the executive owned 1,580,181 shares in the company, valued at $47,405,430. This trade represents a 0.54% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CAO Tyler Herb sold 1,678 shares of Figma stock in a transaction dated Tuesday, March 3rd. The shares were sold at an average price of $28.47, for a total transaction of $47,772.66. Following the transaction, the chief accounting officer directly owned 188,913 shares of the company’s stock, valued at $5,378,353.11. This represents a 0.88% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 1,577,111 shares of company stock worth $48,290,770 over the last quarter. Corporate insiders own 45.20% of the company’s stock.

Institutional Investors Weigh In On Figma

A number of large investors have recently bought and sold shares of FIG. Voya Investment Management LLC bought a new stake in Figma during the 3rd quarter worth about $3,412,000. VERITY Wealth Advisors acquired a new position in Figma during the 3rd quarter worth $519,000. Tripletail Wealth Management LLC bought a new position in Figma in the 3rd quarter valued at $53,000. Renaissance Capital LLC acquired a new stake in shares of Figma in the 3rd quarter valued at $2,439,000. Finally, SOA Wealth Advisors LLC. bought a new stake in shares of Figma during the third quarter worth $39,000.

About Figma

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.