Figma (NYSE:FIG) Sees Strong Trading Volume – Still a Buy?

Figma, Inc. (NYSE:FIG) saw an uptick in trading volume on Friday . 11,228,330 shares were traded during mid-day trading, a decline of 15% from the previous session’s volume of 13,139,614 shares.The stock last traded at $26.41 and had previously closed at $25.86.

Figma News Summary

Here are the key news stories impacting Figma this week:

• Positive Sentiment: Q4 beat and raised outlook — Figma reported revenue of $303.8M (+40% YoY) and beat EPS estimates, then issued FY‑2026 revenue guidance (~$1.366–1.374B) above consensus, which underpins the rally. Figma forecasts annual revenue above estimates — Reuters
• Positive Sentiment: AI product momentum & partnerships — Management highlighted the Anthropic integration (Code to Canvas) and accelerating adoption of Figma Make, positioning AI as a growth engine that expands use beyond designers and strengthens enterprise stickiness (NDR ~136%). Figma’s Anthropic Integration Could Flip the SaaSpocalypse Script — MarketBeat
• Positive Sentiment: Monetization shift — Figma will enforce AI credit limits and introduce pay‑as‑you‑go usage billing (starting in March), opening a consumption revenue stream that could lift revenue per customer as AI usage grows. Figma stock jumps as company sees AI monetization accelerating growth — CNBC
• Neutral Sentiment: Unusually large options activity — Traders bought a large block of call options (51,748), indicating bullish positioning that can amplify moves but doesn’t guarantee sustained gains.
• Neutral Sentiment: Analyst support — Piper Sandler reiterated an Overweight rating with a $35 price target, offering upside from current levels but reflecting differing views on valuation vs. growth. Piper Sandler Reiterates Overweight Rating on Figma — Street Insider
• Negative Sentiment: Margins and dilution concerns — Critics flag lumpy operating margins, heavy R&D/S&M spend and equity dilution (insider/lock‑up selling), which could pressure multiples despite top‑line strength. Figma Suffers AI SaaS Success – Lumpy Margins And Equity Dilution Continue — Seeking Alpha
• Negative Sentiment: Questionable near‑term valuation/entry — Some analysts rate the stock a Hold, noting that while growth is strong (40% Q4), the combination of slowing guidance to ~30% and pressured non‑GAAP operating margin makes the current risk/reward unattractive to certain investors. Figma: Good Company, Good Q4, Questionable Entry Point — Seeking Alpha

Analyst Ratings Changes

A number of equities analysts recently issued reports on FIG shares. Stifel Nicolaus dropped their price target on shares of Figma from $40.00 to $30.00 and set a “hold” rating on the stock in a research note on Thursday. Wells Fargo & Company decreased their target price on shares of Figma from $52.00 to $42.00 and set an “overweight” rating for the company in a report on Thursday. The Goldman Sachs Group set a $35.00 price target on shares of Figma in a report on Thursday. Barclays upgraded shares of Figma to a “neutral” rating in a report on Thursday, January 8th. Finally, Wall Street Zen upgraded Figma from a “sell” rating to a “hold” rating in a research note on Sunday, February 8th. Four equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $43.25.

Figma Stock Up 0.8%

The company has a market cap of $10.84 billion and a P/E ratio of -8.35. The company has a fifty day moving average of $31.13 and a 200 day moving average of $47.10.

Figma (NYSE:FIG) last announced its earnings results on Wednesday, February 18th. The company reported $0.08 earnings per share (EPS) for the quarter, topping the consensus estimate 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 business had revenue of $303.78 million for the quarter. Figma’s revenue for the quarter was up 40.1% compared to the same quarter last year.

Insider Activity at Figma

In other Figma news, CAO Tyler Herb sold 2,232 shares of the company’s stock in a transaction that occurred on Monday, February 2nd. The shares were 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 of the company’s stock, valued at approximately $4,870,720.36. This represents a 1.13% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CRO Shaunt Voskanian sold 3,828 shares of Figma stock in a transaction on Monday, February 2nd. The stock was sold at an average price of $24.86, for a total transaction of $95,164.08. Following the transaction, the executive owned 1,588,735 shares in the company, valued at $39,495,952.10. This represents a 0.24% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 1,781,925 shares of company stock valued at $59,260,303 in the last three months. Corporate insiders own 45.20% of the company’s stock.

Institutional Trading of Figma

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Alphabet Inc. bought a new position in shares of Figma during the 3rd quarter valued at approximately $11,182,000. Rit Capital Partners PLC bought a new position in Figma during the third quarter valued at $2,592,000. Sumitomo Mitsui Trust Group Inc. bought a new stake in shares of Figma in the 3rd quarter worth about $11,075,000. Rakuten Investment Management Inc. purchased a new stake in shares of Figma during the 3rd quarter valued at about $4,425,000. Finally, Baillie Gifford & Co. bought a new position in shares of Figma in the 3rd quarter valued at about $154,242,000.

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.