Figma (NYSE:FIG) Sets New 1-Year Low – Here’s Why

Figma, Inc. (NYSE:FIG)’s share price hit a new 52-week low during trading on Thursday . The stock traded as low as $16.68 and last traded at $16.8590, with a volume of 10702356 shares changing hands. The stock had previously closed at $17.18.

Wall Street Analyst Weigh In

FIG has been the topic of several research analyst reports. Stifel Nicolaus lowered their price objective on Figma from $40.00 to $30.00 and set a “hold” rating on the stock in a research report on Thursday, February 19th. The Goldman Sachs Group set a $35.00 target price on Figma in a research report on Thursday, February 19th. Royal Bank Of Canada decreased their target price on Figma from $38.00 to $31.00 and set a “sector perform” rating on the stock in a research report on Thursday, February 19th. Piper Sandler reiterated an “overweight” rating and issued a $35.00 target price on shares of Figma in a research report on Thursday, February 19th. Finally, Barclays upgraded Figma to a “neutral” rating in a research report on Thursday, January 8th. Four equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $43.25.

Figma Price Performance

The company has a market capitalization of $7.49 billion and a PE ratio of -5.40. The business has a 50-day moving average of $23.27 and a 200 day moving average of $32.60.

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

Insider Activity at Figma

In other Figma news, CAO Tyler Herb sold 1,678 shares of the business’s stock in a transaction that occurred on Tuesday, March 3rd. The stock was sold at an average price of $28.47, for a total transaction of $47,772.66. Following the sale, the chief accounting officer directly owned 188,913 shares of the company’s stock, valued at $5,378,353.11. The trade was a 0.88% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Dylan Field sold 250,000 shares of the business’s stock in a transaction that occurred on Thursday, February 26th. The stock was sold at an average price of $30.80, for a total value of $7,700,000.00. The SEC filing for this sale provides additional information. Insiders sold a total of 1,060,645 shares of company stock valued at $30,526,164 over the last ninety days.

Institutional Investors Weigh In On Figma

Large investors have recently added to or reduced their stakes in the stock. Whittier Trust Co. of Nevada Inc. bought a new stake in Figma during the third quarter worth approximately $26,000. NewEdge Advisors LLC bought a new stake in Figma during the third quarter worth approximately $26,000. DV Equities LLC bought a new stake in Figma during the fourth quarter worth approximately $26,000. Concord Wealth Partners increased its stake in Figma by 1,446.8% during the fourth quarter. Concord Wealth Partners now owns 727 shares of the company’s stock worth $27,000 after acquiring an additional 680 shares during the last quarter. Finally, Harbour Investments Inc. increased its stake in Figma by 1,568.2% during the fourth quarter. Harbour Investments Inc. now owns 734 shares of the company’s stock worth $27,000 after acquiring an additional 690 shares during 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.