Brokerages Set Figma, Inc. (NYSE:FIG) PT at $43.25

Shares of Figma, Inc. (NYSE:FIG) have received an average recommendation of “Hold” from the thirteen brokerages that are presently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and four have issued a buy rating on the company. The average twelve-month target price among brokers that have covered the stock in the last year is $43.25.

Several analysts recently weighed in on the company. Morgan Stanley set a $44.00 target price on Figma in a research note on Thursday, February 19th. Barclays raised Figma to a “neutral” rating in a research report on Thursday, January 8th. Stifel Nicolaus cut their price target on Figma from $40.00 to $30.00 and set a “hold” rating for the company in a report on Thursday, February 19th. Royal Bank Of Canada reduced their price objective on Figma from $38.00 to $31.00 and set a “sector perform” rating for the company in a research report on Thursday, February 19th. Finally, Piper Sandler restated an “overweight” rating and issued a $35.00 price objective on shares of Figma in a research note on Thursday, February 19th.

Figma Price Performance

Shares of FIG opened at $26.03 on Friday. The company has a market capitalization of $11.48 billion and a PE ratio of -8.34. Figma has a one year low of $19.85 and a one year high of $142.92. The company’s fifty day moving average price is $28.22 and its 200 day moving average price is $41.11.

Figma (NYSE:FIG) last released its quarterly earnings results on Wednesday, February 18th. The company reported $0.08 earnings per share (EPS) for the quarter, beating 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 business’s revenue for the quarter was up 40.1% compared to the same quarter last year.

Insider Transactions at Figma

In other Figma news, CEO Dylan Field sold 250,000 shares of the firm’s stock in a transaction on Thursday, February 26th. The shares were sold at an average price of $30.80, for a total value of $7,700,000.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CTO Kris Rasmussen sold 179,331 shares of the business’s stock in a transaction dated Tuesday, March 3rd. The stock was sold at an average price of $29.80, for a total transaction of $5,344,063.80. Following the transaction, the chief technology officer owned 10,169,178 shares in the company, valued at approximately $303,041,504.40. The trade was a 1.73% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 1,635,411 shares of company stock worth $50,579,450. 45.20% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Figma

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Hsbc Holdings PLC lifted its position in shares of Figma by 274.0% in the 4th quarter. Hsbc Holdings PLC now owns 117,542 shares of the company’s stock worth $4,384,000 after acquiring an additional 86,117 shares during the period. Cosmic Management LLC acquired a new stake in shares of Figma during the 4th quarter worth approximately $151,535,000. Walser Wealth Management Company A Ltd Liability Co bought a new stake in shares of Figma during the fourth quarter valued at approximately $373,000. Compound Planning Inc. bought a new stake in shares of Figma during the fourth quarter valued at approximately $34,057,000. Finally, Mercer Global Advisors Inc. ADV raised its stake in shares of Figma by 766.8% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 66,191 shares of the company’s stock valued at $2,474,000 after purchasing an additional 58,555 shares in the last quarter.

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.