Figma (NYSE:FIG) Releases Earnings Results, Beats Expectations By $1.66 EPS

Figma (NYSE:FIG) announced its earnings results on Wednesday. The company reported $0.10 earnings per share for the quarter, topping the consensus estimate of ($1.56) by $1.66, FiscalAI reports. The business had revenue of $274.17 million for the quarter. Figma’s revenue for the quarter was up 38.0% on a year-over-year basis. During the same period last year, the firm posted $0.04 earnings per share. Figma updated its FY 2025 guidance to EPS and its Q4 2025 guidance to EPS.

Figma Stock Down 2.5%

Shares of FIG stock traded down $1.17 during trading hours on Friday, reaching $44.81. The company had a trading volume of 23,758,345 shares, compared to its average volume of 11,531,477. Figma has a 1-year low of $43.00 and a 1-year high of $142.92. The firm’s 50 day simple moving average is $55.98.

Analysts Set New Price Targets

FIG has been the topic of several research reports. Wells Fargo & Company decreased their target price on Figma from $70.00 to $52.00 and set an “equal weight” rating on the stock in a research note on Wednesday. Piper Sandler lowered their price target on shares of Figma from $85.00 to $70.00 and set an “overweight” rating on the stock in a research report on Thursday. Zacks Research raised shares of Figma to a “hold” rating in a research note on Thursday, August 21st. The Goldman Sachs Group increased their target price on Figma from $49.00 to $54.00 and gave the company a “neutral” rating in a research note on Friday. Finally, Weiss Ratings assumed coverage on Figma in a research note on Friday, October 24th. They set a “sell (d)” rating on the stock. Three research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $62.86.

Insider Buying and Selling at Figma

In related news, CRO Shaunt Voskanian sold 26,741 shares of Figma stock in a transaction that occurred on Monday, November 3rd. The stock was sold at an average price of $48.17, for a total value of $1,288,113.97. Following the sale, the executive owned 1,602,866 shares of the company’s stock, valued at approximately $77,210,055.22. This trade represents a 1.64% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Praveer Melwani sold 16,092 shares of the firm’s stock in a transaction that occurred on Monday, November 3rd. The shares were sold at an average price of $48.17, for a total value of $775,151.64. Following the completion of the transaction, the chief financial officer owned 1,637,450 shares of the company’s stock, valued at approximately $78,875,966.50. This represents a 0.97% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 129,230 shares of company stock valued at $6,225,009 over the last quarter. 45.20% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Figma

Several hedge funds have recently bought and sold shares of FIG. Whittier Trust Co. of Nevada Inc. bought a new stake in shares of Figma during the 3rd quarter worth $26,000. SOA Wealth Advisors LLC. bought a new position in Figma in the third quarter valued at about $39,000. Tripletail Wealth Management LLC acquired a new position in Figma during the third quarter worth about $53,000. CoreCap Advisors LLC bought a new position in shares of Figma in the third quarter worth about $57,000. Finally, North Star Investment Management Corp. bought a new position in shares of Figma in the third quarter worth about $62,000.

About Figma

Figma is where teams come together to turn ideas into the world’s best digital products and experiences. Every day, billions of people around the world use apps, websites, and other digital experiences that are made in Figma. They’re looking up directions on Google Maps; requesting rides with Uber; checking in for flights on JetBlue; streaming shows on Netflix; learning languages with Duolingo; asking questions of Claude; connecting on LinkedIn; buying goods on Mercado Libre; or booking stays and experiences with Airbnb.