Figma (NYSE:FIG) Shares Gap Up Following Earnings Beat

Figma, Inc. (NYSE:FIG) gapped up prior to trading on Friday following a stronger than expected earnings report. The stock had previously closed at $20.24, but opened at $22.28. Figma shares last traded at $23.2910, with a volume of 16,216,307 shares changing hands.

The company reported $0.10 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.17) by $0.27. Figma had a negative return on equity of 97.03% and a negative net margin of 121.87%.The firm had revenue of $333.44 million during the quarter. The business’s revenue for the quarter was up 46.1% compared to the same quarter last year.

Key Figma News

Here are the key news stories impacting Figma this week:

• Positive Sentiment: Figma beat Q1 earnings and revenue estimates, with revenue up 46.1% year over year and management pointing to stronger customer expansion and heavier platform usage.
• Positive Sentiment: The company raised its fiscal 2026 revenue outlook and boosted non-GAAP operating income guidance, reinforcing the case that AI-driven monetization is gaining traction.
• Positive Sentiment: Several reports highlighted “surging” demand and improved enterprise adoption, which helped drive premarket strength in the stock.
• Neutral Sentiment: Piper Sandler reaffirmed an overweight rating and set a $30 target, while Morgan Stanley lowered its target to $38 and kept an equal-weight rating, reflecting constructive but more cautious expectations.
• Negative Sentiment: Despite the strong quarter, Figma remains unprofitable on a net basis, and some commentary noted lingering questions around costs, valuation, and how durable the AI growth narrative will be.

Wall Street Analysts Forecast Growth

FIG has been the topic of several recent research reports. Piper Sandler reaffirmed an “overweight” rating and set a $30.00 price objective (down from $35.00) on shares of Figma in a report on Friday. Royal Bank Of Canada reduced their price target on shares of Figma from $31.00 to $28.00 and set a “sector perform” rating on the stock in a research report on Friday. Stifel Nicolaus lowered their price objective on shares of Figma from $40.00 to $30.00 and set a “hold” rating for the company in a research report on Thursday, February 19th. BTIG Research initiated coverage on shares of Figma in a research note on Monday, April 13th. They issued a “neutral” rating for the company. Finally, Wall Street Zen upgraded shares of Figma from a “sell” rating to a “hold” rating in a report on Sunday, February 8th. Four investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $41.50.

Insiders Place Their Bets

In other news, CEO Dylan Field sold 250,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 26th. The shares were sold at an average price of $30.80, for a total transaction of $7,700,000.00. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, General Counsel Brendan Mulligan sold 5,227 shares of Figma stock in a transaction that occurred on Thursday, February 19th. The shares were sold at an average price of $26.00, for a total transaction of $135,902.00. Following the sale, the general counsel directly owned 845,262 shares of the company’s stock, valued at $21,976,812. This represents a 0.61% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 745,697 shares of company stock worth $22,665,009. 45.20% of the stock is owned by company insiders.

Hedge Funds Weigh In On Figma

Hedge funds and other institutional investors have recently made changes to their positions in the company. Alphabet Inc. bought a new stake in shares of Figma in the 3rd quarter valued at about $11,182,000. Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of Figma by 69.3% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 285,055 shares of the company’s stock valued at $10,653,000 after purchasing an additional 116,681 shares in the last quarter. Rit Capital Partners PLC bought a new position in shares of Figma during the third quarter valued at approximately $2,592,000. Freestone Capital Holdings LLC purchased a new position in Figma during the fourth quarter valued at approximately $10,297,000. Finally, Baillie Gifford & Co. raised its stake in Figma by 93.8% in the fourth quarter. Baillie Gifford & Co. now owns 5,763,613 shares of the company’s stock worth $215,386,000 after buying an additional 2,789,986 shares in the last quarter.

Figma Stock Up 16.5%

The business’s 50 day moving average is $21.70 and its 200 day moving average is $30.03. The company has a market cap of $10.47 billion and a P/E ratio of -7.60.

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.