Key Points
- Director Andrew Phillips Reed bought about 1.47 million Figma shares in two SEC‑filed trades (554,103 at $25.90 on Feb 20 and 912,749 at $24.30 on Feb 23), totaling roughly $36M — a notable insider‑confidence signal.
- Figma rallied ~10.7% after reporting an EPS of $0.08 (vs. a -$0.20 estimate) and revenue of $303.8M (+40.1% y/y), though the company remains unprofitable with negative net margin and ROE.
- Several analysts have trimmed targets and the consensus rating is a Hold (average target ~$43.25); the stock trades with a market cap of about $12.1B and a negative P/E, which could limit near‑term upside.
Figma, Inc. (NYSE:FIG - Get Free Report) Director Andrew Phillips Reed purchased 554,103 shares of the company's stock in a transaction on Friday, February 20th. The stock was purchased at an average price of $25.90 per share, with a total value of $14,351,267.70. Following the completion of the transaction, the director owned 554,103 shares of the company's stock, valued at approximately $14,351,267.70. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.
Andrew Phillips Reed also recently made the following trade(s):
- On Monday, February 23rd, Andrew Phillips Reed acquired 912,749 shares of Figma stock. The shares were purchased at an average price of $24.30 per share, for a total transaction of $22,179,800.70.
Figma Stock Up 10.7%
NYSE:FIG opened at $27.41 on Wednesday. The business's 50-day simple moving average is $30.55 and its two-hundred day simple moving average is $45.39. Figma, Inc. has a 52 week low of $19.85 and a 52 week high of $142.92. The stock has a market cap of $12.09 billion and a PE ratio of -8.79.
Figma (NYSE:FIG - Get Free Report) last released its earnings results on Wednesday, February 18th. The company reported $0.08 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.20) by $0.28. The firm had revenue of $303.78 million during the quarter. Figma had a negative return on equity of 97.03% and a negative net margin of 121.87%.The company's quarterly revenue was up 40.1% compared to the same quarter last year.
Analysts Set New Price Targets
Several equities analysts have recently commented on FIG shares. Wells Fargo & Company lowered their target price on shares of Figma from $52.00 to $42.00 and set an "overweight" rating on the stock in a report on Thursday, February 19th. The Goldman Sachs Group set a $35.00 price target on shares of Figma in a report on Thursday, February 19th. Morgan Stanley set a $44.00 price target on shares of Figma in a research note on Thursday, February 19th. JPMorgan Chase & Co. cut their price objective on Figma from $65.00 to $60.00 and set a "neutral" rating for the company in a research report on Thursday, November 6th. Finally, Barclays raised Figma to a "neutral" rating in a report on Thursday, January 8th. Four equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Figma presently has a consensus rating of "Hold" and an average price target of $43.25.
Check Out Our Latest Report on FIG
Key Stories Impacting Figma
Here are the key news stories impacting Figma this week:
- Positive Sentiment: Director Andrew Phillips Reed made large, disclosed purchases this week totaling roughly 1.47M shares (~$36M at the reported averages), boosting his stake >160% — a strong insider-confidence signal that likely contributed to buying interest. SEC Form 4 — Reed purchases
- Positive Sentiment: ARK Invest (Cathie Wood) purchased ≈$11.8M of Figma shares as part of a broader tech/AI buy; institutional buying from a prominent active manager can spark momentum trading and attract other growth-focused funds. Why Figma Stock Popped Today
- Positive Sentiment: Recent quarterly results showed an EPS beat and solid revenue growth (revenue +40.1% y/y), reinforcing the growth narrative and giving fundamental support to the rally. MarketBeat — FIG company summary & earnings
- Neutral Sentiment: Coverage of Figma’s new AI pricing highlights tradeoffs between usage, monetization and valuation — this could be positive if it drives adoption/revenue or negative if it limits usage; investors are parsing details. Figma’s New AI Pricing Puts Usage And Valuation In Sharper Focus
- Neutral Sentiment: Company insiders (General Counsel Brendan Mulligan and CAO Tyler Herb) reported small sales (several thousand shares each) — routine executive selling and diversification that appears immaterial relative to the large director buys but gets noticed by the market. Mulligan Form 4 — insider sale
- Negative Sentiment: Several analysts trimmed price targets (Wells Fargo, RBC, Stifel among others) and the consensus remains a “Hold” with a mid‑$40s average target — downward revisions can cap near‑term upside and add selling pressure for momentum traders. MarketBeat — analyst notes
Institutional Trading of Figma
A number of large investors have recently made changes to their positions in FIG. Whittier Trust Co. of Nevada Inc. purchased a new stake in shares of Figma during the 3rd quarter valued at about $26,000. NewEdge Advisors LLC bought a new stake in Figma during the third quarter worth approximately $26,000. Wilmington Savings Fund Society FSB purchased a new stake in Figma during the third quarter valued at approximately $27,000. Sunbelt Securities Inc. bought a new stake in shares of Figma in the 3rd quarter valued at approximately $30,000. Finally, US Bancorp DE purchased a new position in shares of Figma in the 3rd quarter worth approximately $31,000.
About Figma
(
Get Free Report)
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.
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