Figma (NYSE:FIG) Given New $60.00 Price Target at JPMorgan Chase & Co.

Figma (NYSE:FIG) had its price target decreased by equities researchers at JPMorgan Chase & Co. from $65.00 to $60.00 in a research report issued on Thursday,Benzinga reports. The firm presently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s price target points to a potential upside of 29.95% from the stock’s previous close.

Other equities analysts also recently issued reports about the stock. Royal Bank Of Canada dropped their target price on shares of Figma from $75.00 to $65.00 and set a “sector perform” rating on the stock in a research note on Thursday, September 4th. Bank of America dropped their target price on shares of Figma from $85.00 to $69.00 and set a “buy” rating on the stock in a research note on Thursday, September 4th. Zacks Research upgraded shares of Figma to a “hold” rating in a research note on Thursday, August 21st. Wall Street Zen upgraded shares of Figma to a “hold” rating in a research note on Saturday, August 9th. Finally, William Blair reiterated an “outperform” rating on shares of Figma in a research note on Thursday, September 4th. Three analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $62.00.

Figma Price Performance

Figma stock traded up $2.16 during midday trading on Thursday, reaching $46.17. The stock had a trading volume of 20,882,751 shares, compared to its average volume of 11,360,301. Figma has a 52-week low of $43.00 and a 52-week high of $142.92. The stock has a fifty day simple moving average of $56.48.

Figma (NYSE:FIG) last posted its quarterly earnings data on Wednesday, November 5th. The company reported $0.10 earnings per share for the quarter, topping analysts’ consensus estimates of ($1.56) by $1.66. The firm had revenue of $274.17 million during the quarter. During the same quarter in the prior year, the business earned $0.04 earnings per share. Figma’s revenue for the quarter was up 38.0% compared to the same quarter last year. Figma has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS.

Insiders Place Their Bets

In other Figma news, CFO Praveer Melwani sold 16,092 shares of the firm’s stock in a transaction 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 trade represents a 0.97% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CAO Tyler Herb sold 3,133 shares of the firm’s stock in a transaction on Monday, November 3rd. The stock was sold at an average price of $48.17, for a total transaction of $150,916.61. Following the completion of the transaction, the chief accounting officer directly owned 226,087 shares of the company’s stock, valued at approximately $10,890,610.79. This represents a 1.37% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 129,230 shares of company stock valued at $6,225,009. Corporate insiders own 45.20% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Whittier Trust Co. of Nevada Inc. purchased a new position in shares of Figma during the third quarter worth $26,000. SOA Wealth Advisors LLC. purchased a new position in shares of Figma during the third quarter worth $39,000. Tripletail Wealth Management LLC purchased a new position in shares of Figma during the third quarter worth $53,000. CoreCap Advisors LLC purchased a new position in shares of Figma during the third quarter worth $57,000. Finally, North Star Investment Management Corp. purchased a new position in shares of Figma during the third quarter worth $62,000.

Figma Company Profile

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.