Figma, Inc. (NYSE:FIG) Short Interest Update

Figma, Inc. (NYSE:FIG) saw a large increase in short interest in the month of January. As of January 30th, there was short interest totaling 19,384,096 shares, an increase of 31.2% from the January 15th total of 14,774,192 shares. Based on an average daily volume of 10,145,740 shares, the days-to-cover ratio is presently 1.9 days. Currently, 4.7% of the shares of the company are sold short. Currently, 4.7% of the shares of the company are sold short. Based on an average daily volume of 10,145,740 shares, the days-to-cover ratio is presently 1.9 days.

Insider Transactions at Figma

In other Figma news, CEO Dylan Field sold 250,000 shares of the company’s stock in a transaction that occurred on Monday, November 24th. The stock was sold at an average price of $34.76, for a total value of $8,690,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CTO Kris Rasmussen sold 205,438 shares of Figma stock in a transaction that occurred on Tuesday, February 10th. The stock was sold at an average price of $25.01, for a total value of $5,138,004.38. Following the sale, the chief technology officer directly owned 10,418,905 shares in the company, valued at $260,576,814.05. The trade was a 1.93% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 1,781,925 shares of company stock valued at $59,260,303 in the last ninety days.

Institutional Investors Weigh In On Figma

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. SC US Ttgp LTD. acquired a new position in shares of Figma during the third quarter worth approximately $1,310,305,000. ICONIQ Capital LLC bought a new position in Figma in the 3rd quarter worth approximately $1,108,879,000. a16z Capital Management L.L.C. acquired a new position in Figma during the 3rd quarter worth $842,687,000. JPMorgan Chase & Co. boosted its position in Figma by 119.4% in the 4th quarter. JPMorgan Chase & Co. now owns 6,643,939 shares of the company’s stock valued at $248,284,000 after buying an additional 3,615,198 shares during the last quarter. Finally, Baillie Gifford & Co. increased its stake in shares of Figma by 93.8% in the 4th quarter. Baillie Gifford & Co. now owns 5,763,613 shares of the company’s stock valued at $215,386,000 after buying an additional 2,789,986 shares during the period.

Wall Street Analyst Weigh In

A number of research firms have weighed in on FIG. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Figma in a report on Monday, December 29th. Wells Fargo & Company upgraded Figma from an “equal weight” rating to an “overweight” rating and set a $52.00 target price for the company in a research report on Thursday, January 8th. Piper Sandler lowered their price target on Figma from $70.00 to $35.00 and set an “overweight” rating on the stock in a research report on Monday, February 2nd. JPMorgan Chase & Co. dropped their price objective on Figma from $65.00 to $60.00 and set a “neutral” rating for the company in a research note on Thursday, November 6th. Finally, Royal Bank Of Canada reduced their target price on shares of Figma from $65.00 to $38.00 and set a “sector perform” rating on the stock in a research note on Monday, January 5th. Four investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Figma currently has a consensus rating of “Hold” and an average target price of $47.75.

Figma Stock Performance

Figma stock opened at $23.10 on Wednesday. The firm has a market cap of $9.61 billion and a P/E ratio of -8.62. The business’s fifty day moving average is $31.69 and its two-hundred day moving average is $47.41. Figma has a 52 week low of $19.85 and a 52 week high of $142.92.

Key Headlines Impacting Figma

Here are the key news stories impacting Figma this week:

• Positive Sentiment: Figma announced a partnership with Anthropic to launch “Code to Canvas,” which uses Anthropic’s Claude Code to convert AI-generated code into editable Figma designs — a product that could accelerate adoption among design and engineering teams and strengthen Figma’s AI differentiation. Figma partners with Anthropic to turn AI-generated code into editable designs
• Neutral Sentiment: Coverage notes Figma is expanding AI capabilities, which supports long-term product value, but the stock still lags analyst price targets — suggesting market expectations are high and near-term upside may be limited unless execution accelerates. Figma Expands AI Capabilities As Share Price Lags Analyst Targets
• Neutral Sentiment: Analyst preview ahead of Q4 earnings models roughly $293M in revenue driven by AI product launches and customer growth, but flags rising operating costs that could pressure margins — a mixed near-term earnings setup. Figma to Report Q4 Earnings: What’s in Store for the Stock?
• Negative Sentiment: Brokerage coverage sits at an average “Hold” (1 sell, 8 hold, 4 buy), indicating limited consensus conviction and a potential cap on near-term multiple expansion without clear upside catalysts. Figma, Inc. (NYSE:FIG) Given Average Rating of “Hold” by Brokerages
• Negative Sentiment: Sector commentary warns of a “software reckoning” as AI tools reshape workflows and pressure valuations across software names — an industry headwind that could weigh on Figma’s multiple even as product improves. Figma CEO Dylan Field on the software reckoning

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.