Figma, Inc. (NYSE:FIG) Given Average Rating of “Hold” by Analysts

Figma, Inc. (NYSE:FIG) has been given an average recommendation of “Hold” by the fifteen brokerages that are presently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, ten have given a hold rating and four have given a buy rating to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $43.25.

A number of equities analysts recently commented on the stock. The Goldman Sachs Group set a $35.00 price objective on shares of Figma in a research note on Thursday, February 19th. Wells Fargo & Company decreased their price objective on shares of Figma from $52.00 to $42.00 and set an “overweight” rating for the company in a research note on Thursday, February 19th. Barclays raised shares of Figma to a “neutral” rating in a research note on Thursday, January 8th. Oppenheimer assumed coverage on shares of Figma in a research note on Wednesday, March 25th. They issued a “market perform” rating for the company. Finally, Royal Bank Of Canada decreased their price objective 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.

Figma Stock Performance

Figma stock opened at $18.72 on Friday. The firm has a market cap of $8.31 billion and a price-to-earnings ratio of -6.00. Figma has a 1 year low of $16.60 and a 1 year high of $142.92. The firm’s 50 day moving average price is $23.11 and its two-hundred day moving average price is $32.50.

Figma (NYSE:FIG) last posted its quarterly earnings data on Wednesday, February 18th. The company reported $0.08 EPS for the quarter, topping analysts’ consensus estimates of ($0.20) by $0.28. Figma had a negative net margin of 121.87% and a negative return on equity of 97.03%. The firm had revenue of $303.78 million during the quarter. The firm’s revenue for the quarter was up 40.1% on a year-over-year basis. As a group, equities analysts predict that Figma will post -0.69 EPS for the current fiscal year.

Insider Transactions at Figma

In related news, CRO Shaunt Voskanian sold 8,554 shares of the firm’s stock in a transaction that occurred on 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 transaction, the executive owned 1,580,181 shares of the company’s stock, valued at approximately $47,405,430. This trade represents a 0.54% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CTO Kris Rasmussen sold 205,438 shares of the firm’s stock in a transaction that occurred on Tuesday, February 10th. The stock was sold at an average price of $25.01, for a total transaction of $5,138,004.38. Following the completion of the transaction, the chief technology officer directly owned 10,418,905 shares of the company’s stock, valued at $260,576,814.05. This represents a 1.93% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 1,060,645 shares of company stock worth $30,526,164. 45.20% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Figma

A number of institutional investors have recently modified their holdings of FIG. SOA Wealth Advisors LLC. acquired a new stake in shares of Figma during the 3rd quarter valued at $39,000. Signaturefd LLC acquired a new stake in shares of Figma during the 3rd quarter valued at $1,235,000. Global Retirement Partners LLC acquired a new stake in shares of Figma during the 3rd quarter valued at $530,000. North Star Investment Management Corp. acquired a new stake in shares of Figma during the 3rd quarter valued at $62,000. Finally, CoreCap Advisors LLC acquired a new stake in shares of Figma during the 3rd quarter valued at $57,000.

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.