Figma (NYSE:FIG) Trading 7.8% Higher – Still a Buy?

Figma, Inc. (NYSE:FIG)’s stock price shot up 7.8% during mid-day trading on Friday . The stock traded as high as $18.23 and last traded at $18.1470. Approximately 9,042,106 shares were traded during mid-day trading, a decline of 46% from the average session volume of 16,703,637 shares. The stock had previously closed at $16.84.

Key Headlines Impacting Figma

Here are the key news stories impacting Figma this week:

• Positive Sentiment: Citi initiated coverage with a Buy rating and a $36 price target, saying the market may be underestimating Figma’s ability to monetize AI. Citi Initiates Figma (FIG) With a Buy Rating, Here’s What You Need to Know
• Positive Sentiment: Piper Sandler reaffirmed an Overweight rating and kept a $30 price target, reinforcing the view that the stock has meaningful upside from current levels. Benzinga coverage of Piper Sandler rating
• Positive Sentiment: At Config 2026, Figma unveiled new AI-driven product capabilities, including an “Intelligent Canvas” aimed at full-stack product creation, which could support future revenue growth and help improve monetization. Figma Unveils AI-Powered ‘Intelligent Canvas’ for Full-Stack Product Creation at Config 2026

Analyst Ratings Changes

FIG has been the topic of a number of recent research reports. Royal Bank Of Canada decreased their price objective on Figma from $28.00 to $22.00 and set a “sector perform” rating on the stock in a report on Thursday. JPMorgan Chase & Co. dropped their target price on Figma from $45.00 to $42.00 and set a “neutral” rating for the company in a report on Friday, May 15th. Piper Sandler restated an “overweight” rating and set a $30.00 target price on shares of Figma in a research report on Thursday. BTIG Research assumed coverage on Figma in a research note on Monday, April 13th. They issued a “neutral” rating on the stock. Finally, Citigroup started coverage on Figma in a research report on Wednesday, June 17th. They issued a “buy” rating and a $36.00 price target on the stock. Five equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Figma currently has an average rating of “Hold” and an average price target of $37.00.

Figma Stock Up 10.3%

The stock has a market capitalization of $8.28 billion and a price-to-earnings ratio of -5.42. The stock’s 50-day simple moving average is $20.28 and its 200 day simple moving average is $25.74.

Figma (NYSE:FIG) last posted its quarterly earnings data on Thursday, May 14th. The company reported $0.10 earnings per share for the quarter, topping the consensus estimate 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 company had revenue of $333.44 million during the quarter. The firm’s revenue for the quarter was up 46.1% compared to the same quarter last year. As a group, equities research analysts anticipate that Figma, Inc. will post -0.78 earnings per share for the current year.

Insider Buying and Selling at Figma

In other Figma news, CFO Praveer Melwani sold 83,974 shares of the business’s stock in a transaction on Wednesday, June 3rd. The stock was sold at an average price of $22.77, for a total value of $1,912,087.98. Following the transaction, the chief financial officer owned 1,749,024 shares of the company’s stock, valued at approximately $39,825,276.48. The trade was a 4.58% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Dylan Field sold 174,430 shares of Figma stock in a transaction dated 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. Insiders sold 694,220 shares of company stock worth $17,023,005 over the last 90 days. Company insiders own 45.20% of the company’s stock.

Institutional Investors Weigh In On Figma

A number of hedge funds have recently added to or reduced their stakes in the stock. NewEdge Advisors LLC bought a new position in shares of Figma in the third quarter worth about $26,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of Figma in the third quarter valued at approximately $27,000. Sunbelt Securities Inc. bought a new position in Figma in the 3rd quarter worth approximately $30,000. US Bancorp DE bought a new position in Figma in the 3rd quarter worth approximately $31,000. Finally, Montag A & Associates Inc. acquired a new position in Figma during the 3rd quarter worth $33,000.

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.