Figma, Inc. (NYSE:FIG) Sees Large Increase in Short Interest

Figma, Inc. (NYSE:FIGGet Free Report) was the target of a significant increase in short interest in the month of March. As of March 31st, there was short interest totaling 39,178,334 shares, an increase of 38.0% from the March 15th total of 28,393,433 shares. Based on an average daily trading volume, of 14,427,576 shares, the short-interest ratio is currently 2.7 days. Approximately 16.2% of the shares of the company are short sold.

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 value of $256,620.00. Following the completion of the sale, the executive owned 1,580,181 shares in the company, valued at approximately $47,405,430. This trade represents a 0.54% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Dylan Field sold 250,000 shares of the stock in a transaction dated Thursday, February 26th. The shares were sold at an average price of $30.80, for a total transaction of $7,700,000.00. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 1,060,645 shares of company stock valued at $30,526,164 in the last quarter. 45.20% of the stock is currently owned by insiders.

Institutional Trading of Figma

Several hedge funds have recently modified their holdings of FIG. Whittier Trust Co. of Nevada Inc. acquired a new stake in shares of Figma during the third quarter worth approximately $26,000. NewEdge Advisors LLC acquired a new stake in shares of Figma during the third quarter worth approximately $26,000. DV Equities LLC acquired a new stake in shares of Figma during the fourth quarter worth approximately $26,000. Concord Wealth Partners increased its holdings in shares of Figma by 1,446.8% during the fourth quarter. Concord Wealth Partners now owns 727 shares of the company’s stock worth $27,000 after buying an additional 680 shares in the last quarter. Finally, Harbour Investments Inc. increased its holdings in shares of Figma by 1,568.2% during the fourth quarter. Harbour Investments Inc. now owns 734 shares of the company’s stock worth $27,000 after buying an additional 690 shares in the last quarter.

Key Headlines Impacting Figma

Here are the key news stories impacting Figma this week:

Figma Stock Down 0.0%

Shares of FIG opened at $20.34 on Friday. The stock has a market cap of $8.97 billion and a price-to-earnings ratio of -6.52. Figma has a 12 month low of $17.65 and a 12 month high of $142.92. The company has a 50-day moving average price of $24.14 and a two-hundred day moving average price of $35.27.

Figma (NYSE:FIGGet Free Report) last announced its quarterly earnings results on Wednesday, February 18th. The company reported $0.08 EPS for the quarter, topping analysts’ consensus estimates of ($0.20) by $0.28. The firm 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 business’s revenue for the quarter was up 40.1% compared to the same quarter last year.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. Barclays upgraded shares of Figma to a “neutral” rating in a research note on Thursday, January 8th. Wall Street Zen upgraded shares of Figma from a “sell” rating to a “hold” rating in a research note on Sunday, February 8th. Morgan Stanley set a $44.00 target price on shares of Figma in a research note on Thursday, February 19th. Royal Bank Of Canada reduced their target price on shares of Figma from $38.00 to $31.00 and set a “sector perform” rating for the company in a research note on Thursday, February 19th. Finally, Weiss Ratings reiterated a “sell (e+)” rating on shares of Figma in a research note on Monday, December 29th. Four research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $43.25.

Get Our Latest Research Report on Figma

Figma Company Profile

(Get Free Report)

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.

Further Reading

Receive News & Ratings for Figma Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Figma and related companies with MarketBeat.com's FREE daily email newsletter.