Figma (NYSE:FIG) Shares Gap Up – Here’s What Happened

Shares of Figma, Inc. (NYSE:FIG) gapped up prior to trading on Tuesday . The stock had previously closed at $21.08, but opened at $22.33. Figma shares last traded at $21.9550, with a volume of 4,197,750 shares.

Trending Headlines about Figma

Here are the key news stories impacting Figma this week:

• Positive Sentiment: Bank of America resumed coverage on Figma with a Buy rating and a $30 price target, saying AI could act as a growth catalyst and support revenue expansion. Figma shares rise as Bank of America resumes coverage with a ‘Buy’ rating
• Positive Sentiment: Multiple reports highlighted the same BofA upgrade, reinforcing the view that Figma may be better positioned than Adobe in an AI-driven software market. Why Figma Is a Better AI Bet Than Adobe
• Neutral Sentiment: Figma also announced it acquired the team behind a vibe-coding app, a move that could support product innovation but has not yet been quantified financially. Figma acquires team behind a vibe coding app
• Negative Sentiment: Insider selling from the CFO and CRO may weigh on sentiment, though both transactions were made under pre-arranged 10b5-1 plans and do not necessarily signal operational weakness. CFO Praveer Melwani sale details CRO Shaunt Voskanian sale details

Analyst Ratings Changes

Several equities research analysts have issued reports on FIG shares. Piper Sandler reissued an “overweight” rating and issued a $30.00 price objective on shares of Figma in a research report on Thursday, June 25th. Royal Bank Of Canada reduced their target price on shares of Figma from $28.00 to $22.00 and set a “sector perform” rating on the stock in a research report on Thursday, June 25th. Oppenheimer reaffirmed a “market perform” rating on shares of Figma in a research note on Thursday, June 25th. Bank of America started coverage on Figma in a report on Tuesday. They issued a “buy” rating and a $30.00 price target for the company. Finally, JPMorgan Chase & Co. dropped their price objective on Figma from $45.00 to $42.00 and set a “neutral” rating on the stock in a research note on Friday, May 15th. Five investment 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’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $32.67.

Figma Stock Down 2.2%

The stock’s 50 day moving average is $20.60 and its two-hundred day moving average is $24.71. The company has a market capitalization of $9.67 billion and a PE ratio of -6.33.

Figma (NYSE:FIG) last posted its earnings results on Thursday, May 14th. The company reported $0.10 EPS for the quarter, beating analysts’ consensus estimates of ($0.17) by $0.27. Figma had a negative net margin of 123.83% and a negative return on equity of 98.51%. The business had revenue of $333.44 million for the quarter. Figma’s revenue for the quarter was up 46.1% on a year-over-year basis. On average, sell-side analysts predict that Figma, Inc. will post -0.8 EPS for the current fiscal year.

Insider Activity

In other Figma news, General Counsel Brendan Mulligan sold 18,741 shares of the company’s stock in a transaction on Tuesday, May 19th. The stock was sold at an average price of $25.04, for a total transaction of $469,274.64. Following the completion of the sale, the general counsel owned 987,986 shares in the company, valued at $24,739,169.44. This represents a 1.86% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Dylan Field sold 174,430 shares of the stock in a transaction on Friday, May 29th. The shares were sold at an average price of $25.02, for a total value of $4,364,238.60. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 733,309 shares of company stock valued at $17,824,756. 45.20% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Figma

Hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. bought a new stake in Figma during the third quarter valued at about $2,282,000. US Bancorp DE purchased a new stake in shares of Figma during the third quarter valued at about $31,000. Aptus Capital Advisors LLC purchased a new stake in shares of Figma during the third quarter valued at about $441,000. Blair William & Co. IL bought a new stake in shares of Figma in the 3rd quarter valued at about $460,000. Finally, Banque Cantonale Vaudoise bought a new stake in shares of Figma in the 3rd quarter valued at about $271,000.

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.