Figma (NYSE:FIG) Receives Overweight Rating from Piper Sandler

Piper Sandler reaffirmed their overweight rating on shares of Figma (NYSE:FIG) in a research note issued to investors on Friday, Marketbeat.com reports. Piper Sandler currently has a $30.00 price objective on the stock, down from their prior price objective of $35.00.

A number of other research analysts also recently issued reports on the stock. Wall Street Zen upgraded shares of Figma from a “sell” rating to a “hold” rating in a research report on Sunday, February 8th. The Goldman Sachs Group set a $35.00 price target on shares of Figma in a research report on Thursday, February 19th. Oppenheimer began coverage on shares of Figma in a research report on Wednesday, March 25th. They issued a “market perform” rating on the stock. 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 report on Thursday, February 19th. Finally, Wells Fargo & Company dropped their price target on shares of Figma from $52.00 to $42.00 and set an “overweight” rating on the stock in a research report on Thursday, February 19th. Four equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Figma has a consensus rating of “Hold” and a consensus target price of $38.63.

Figma Price Performance

NYSE:FIG opened at $22.87 on Friday. The firm’s 50 day simple moving average is $21.56 and its 200 day simple moving average is $29.98. Figma has a one year low of $16.60 and a one year high of $142.92. The company has a market cap of $10.16 billion and a PE ratio of -6.67.

Figma (NYSE:FIG) last released its quarterly earnings results on Thursday, May 14th. The company reported $0.10 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.17) by $0.27. The firm had revenue of $333.44 million during the quarter. Figma had a negative net margin of 123.83% and a negative return on equity of 100.81%. The business’s revenue for the quarter was up 46.1% on a year-over-year basis. Equities research analysts expect that Figma will post -0.69 EPS for the current year.

Insider Buying and Selling

In other news, CAO Tyler Herb sold 1,678 shares of Figma stock in a transaction on Tuesday, March 3rd. The shares were sold at an average price of $28.47, for a total value of $47,772.66. Following the completion of the sale, the chief accounting officer owned 188,913 shares in the company, valued at $5,378,353.11. The trade was a 0.88% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CTO Kris Rasmussen sold 179,331 shares of Figma stock in a transaction on Tuesday, March 3rd. The shares were sold at an average price of $29.80, for a total transaction of $5,344,063.80. Following the completion of the sale, the chief technology officer owned 10,169,178 shares of the company’s stock, valued at $303,041,504.40. This represents a 1.73% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 745,697 shares of company stock worth $22,665,009 over the last ninety days. 45.20% of the stock is owned by company insiders.

Institutional Trading of Figma

Hedge funds and other institutional investors have recently bought and sold shares of the business. Parallel Advisors LLC increased its stake in Figma by 3,890.0% during the 1st quarter. Parallel Advisors LLC now owns 1,197 shares of the company’s stock valued at $25,000 after purchasing an additional 1,167 shares in the last quarter. Whittier Trust Co. of Nevada Inc. bought a new stake in Figma during the 3rd quarter valued at $26,000. NewEdge Advisors LLC bought a new stake in Figma during the 3rd quarter valued at $26,000. DV Equities LLC bought a new stake in Figma during the 4th quarter valued at $26,000. Finally, Concord Wealth Partners increased its stake in Figma by 1,446.8% during the 4th quarter. Concord Wealth Partners now owns 727 shares of the company’s stock valued at $27,000 after purchasing an additional 680 shares in the last quarter.

Key Figma News

Here are the key news stories impacting Figma this week:

• Positive Sentiment: Q1 results topped Wall Street estimates, with revenue growth accelerating and earnings beating expectations, which helped fuel the stock’s rally. Figma Announces First Quarter 2026 Financial Results
• Positive Sentiment: Figma raised its 2026 revenue forecast, saying AI tools are driving more paid conversions, larger customer usage, and stronger spending across the platform. Reuters article
• Positive Sentiment: Analysts highlighted the upbeat quarter and guidance, with coverage noting the revenue beat, AI monetization traction, and customer expansion as key drivers of the move higher. Zacks article
• Neutral Sentiment: Several firms kept cautious ratings but trimmed price targets after the report, signaling that analysts see improving fundamentals but remain measured on valuation and competitive risks. JPMorgan note
• Neutral Sentiment: JPMorgan, Morgan Stanley, RBC, and Piper Sandler all lowered price targets, though most still see upside from current levels, which may temper some enthusiasm. Analyst target updates
• Negative Sentiment: Analyst commentary also pointed to possible AI competition and other external risks, which could limit how far the stock can run if growth slows. 247WallSt article

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.