Figma Sees Unusually High Options Volume (NYSE:FIG)

Figma, Inc. (NYSE:FIG) saw some unusual options trading on Thursday. Stock traders purchased 51,748 call options on the company. This represents an increase of 40% compared to the typical daily volume of 36,918 call options.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on FIG. Royal Bank Of Canada dropped their price target on Figma from $38.00 to $31.00 and set a “sector perform” rating for the company in a research report on Thursday. The Goldman Sachs Group set a $35.00 price objective on shares of Figma in a research report on Thursday. Morgan Stanley set a $44.00 target price on shares of Figma in a research report on Thursday. Wells Fargo & Company reduced their target price on Figma from $52.00 to $42.00 and set an “overweight” rating on the stock in a research note on Thursday. Finally, Stifel Nicolaus lowered their price target on Figma from $40.00 to $30.00 and set a “hold” rating on the stock in a research report on Thursday. Four research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Figma presently has a consensus rating of “Hold” and an average target price of $43.25.

Insider Buying and Selling at Figma

In other Figma news, CRO Shaunt Voskanian sold 3,828 shares of Figma stock in a transaction dated Monday, February 2nd. The stock was sold at an average price of $24.86, for a total transaction of $95,164.08. Following the completion of the transaction, the executive owned 1,588,735 shares of the company’s stock, valued at $39,495,952.10. The trade was a 0.24% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CAO Tyler Herb sold 2,232 shares of the stock in a transaction dated Monday, February 2nd. The stock was sold at an average price of $24.86, for a total transaction of $55,487.52. Following the completion of the sale, the chief accounting officer directly owned 195,926 shares in the company, valued at approximately $4,870,720.36. The trade was a 1.13% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 1,781,925 shares of company stock worth $59,260,303 in the last three months. 45.20% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

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

Trending Headlines about Figma

Here are the key news stories impacting Figma this week:

• Positive Sentiment: Q4 beat and upbeat guidance — Figma beat Q4 revenue and EPS estimates, raised FY‑2026 revenue targets (~30% growth guidance) and gave Q1 revenue guidance above consensus, which is the primary driver of the rally. Figma forecasts annual revenue above estimates — Reuters
• Positive Sentiment: AI monetization & Anthropic partnership — Management will start enforcing AI credit limits and roll out usage-based pricing for heavy AI users in March; integration with Anthropic (Code to Canvas) positions Figma as the interface for AI-generated code/design, turning AI into a revenue driver rather than a substitute. Figma’s Anthropic Integration Could Flip the SaaSpocalypse Script — MarketBeat
• Positive Sentiment: Strong customer metrics — Net dollar retention rose to ~136%, >1,400 customers with $100K+ ARR (up ~46% YoY), and international revenue growth — signals enterprise stickiness and upside from expanded seat and consumption monetization. Key customer metrics — MarketBeat
• Positive Sentiment: Analyst support & market reaction — Piper Sandler reaffirmed overweight with a $35 PT and several outlets show shares jumping in pre-market/after-hours trading on the results. Elevated call-option volume also points to short-term bullish positioning. Piper Sandler reiterates overweight — StreetInsider
• Neutral Sentiment: CEO/CFO commentary and transcripts provide color on product adoption and go-to-market moves; useful for confirming execution but not new headline catalysts by themselves. CEO Dylan Field on Q4 results — YouTube
• Negative Sentiment: Lingering risks — Some analysts still flag AI competition risks and the stock remains well below its IPO/highs after earlier sector-driven selling; insiders sold post-lockup, and Figma still shows negative GAAP margins and ROE, which could limit multiple expansion. Figma: Strong Results, Topping Expectations — Seeking Alpha

Figma Price Performance

Shares of NYSE:FIG opened at $25.86 on Friday. The stock’s 50-day moving average is $31.13 and its 200 day moving average is $47.10. The company has a market cap of $10.76 billion and a PE ratio of -8.29. Figma has a 1 year low of $19.85 and a 1 year high of $142.92.

Figma (NYSE:FIG) last issued its quarterly earnings data on Wednesday, February 18th. The company reported $0.08 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.20) by $0.28. Figma had a negative return on equity of 103.94% and a negative net margin of 121.87%.The firm had revenue of $303.78 million for the quarter. The company’s quarterly revenue was up 40.1% on a year-over-year basis.

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.