Figma (NYSE:FIG) Shares Down 6.9% – Here’s Why

Figma, Inc. (NYSE:FIG) dropped 6.9% on Thursday . The company traded as low as $17.13 and last traded at $17.3460. Approximately 4,480,142 shares traded hands during mid-day trading, a decline of 73% from the average session volume of 16,578,164 shares. The stock had previously closed at $18.64.

Key Headlines Impacting Figma

Here are the key news stories impacting Figma this week:

• Positive Sentiment: Figma used its Config 2026 event to showcase a major expansion of its platform, including code layers, motion design, generative AI tools, and custom AI plugins. The new features could strengthen user engagement and support longer-term revenue growth by making Figma a broader design-and-development workflow tool. Figma now has AI motion graphics and shader tools
• Positive Sentiment: Piper Sandler reaffirmed its Overweight rating on Figma and set a $30 price target, implying meaningful upside from recent trading levels. That vote of confidence may help offset some of the recent weakness in the shares. Benzinga report on Piper Sandler rating
• Neutral Sentiment: Multiple outlets highlighted that Figma is bringing coding, motion design, and generative tools into a single canvas, but these announcements are mostly product-positioning updates for now. Investors may view them as promising, though near-term financial impact is still uncertain. Figma brings coding, motion design, and generative tools into a single canvas
• Neutral Sentiment: Analyst coverage comparing Figma with Autodesk focused on growth, margins, and valuation in the AI era. The piece reinforces that Figma is seen as an AI-design contender, but it does not provide a new catalyst on its own. FIG vs. ADSK: Which Design SaaS Stock is a Safer Bet in the AI Era?
• Negative Sentiment: Even with the product launches, Figma is still trading well below its recent highs and remains under pressure after a strong post-listing decline. That suggests the market is still skeptical that the new AI features will quickly translate into profitability or justify the valuation.

Analysts Set New Price Targets

FIG has been the topic of several recent research reports. Weiss Ratings restated a “sell (e+)” rating on shares of Figma in a research report on Tuesday, May 19th. BTIG Research assumed coverage on Figma in a research note on Monday, April 13th. They set a “neutral” rating for the company. Stifel Nicolaus set a $25.00 target price on shares of Figma in a research note on Friday, May 15th. Piper Sandler reissued an “overweight” rating and set a $30.00 price target on shares of Figma in a research report on Thursday. Finally, Citigroup assumed coverage on shares of Figma in a research note on Wednesday, June 17th. They set a “buy” rating and a $36.00 price objective for the company. Five analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Figma currently has a consensus rating of “Hold” and a consensus price target of $37.67.

Figma Stock Down 7.9%

The firm’s fifty day simple moving average is $20.35 and its 200-day simple moving average is $25.94. The firm has a market capitalization of $7.65 billion and a PE ratio of -5.00.

Figma (NYSE:FIG) last issued its earnings results on Thursday, May 14th. The company reported $0.10 EPS for the quarter, beating the consensus estimate of ($0.17) by $0.27. Figma had a negative return on equity of 98.51% and a negative net margin of 123.83%.The business had revenue of $333.44 million for the quarter. The company’s revenue for the quarter was up 46.1% on a year-over-year basis. As a group, analysts predict that Figma, Inc. will post -0.78 earnings per share for the current year.

Insider Transactions at Figma

In other Figma news, CAO Tyler Herb sold 1,850 shares of the business’s stock in a transaction on Monday, June 1st. The shares were sold at an average price of $26.40, for a total transaction of $48,840.00. Following the completion of the sale, the chief accounting officer directly owned 263,435 shares in the company, valued at approximately $6,954,684. The trade was a 0.70% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Praveer Melwani sold 83,974 shares of the stock in a transaction on Wednesday, June 3rd. The shares were sold at an average price of $22.77, for a total value of $1,912,087.98. Following the transaction, the chief financial officer directly owned 1,749,024 shares in the company, valued at $39,825,276.48. The trade was a 4.58% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders sold 694,220 shares of company stock valued at $17,023,005. Company insiders own 45.20% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in FIG. Vanguard Group Inc. bought a new stake in Figma in the 3rd quarter valued at $2,282,000. Greenland Capital Management LP purchased a new position in Figma during the 3rd quarter valued at approximately $288,000. US Bancorp DE bought a new stake in Figma in the 3rd quarter worth approximately $31,000. Lansing Street Advisors bought a new stake in Figma in the third quarter worth $623,000. Finally, R Squared Ltd purchased a new stake in shares of Figma during the 3rd quarter valued at about $481,000.

Figma Company Profile

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.