Figma (NYSE:FIG) Sees Unusually-High Trading Volume – Should You Buy?

Shares of Figma, Inc. (NYSE:FIG) saw strong trading volume on Friday . 11,228,330 shares changed hands during mid-day trading, a decline of 15% from the previous session’s volume of 13,139,614 shares.The stock last traded at $26.41 and had previously closed at $25.86.

Key Stories Impacting Figma

Here are the key news stories impacting Figma this week:

• Positive Sentiment: Q4 beat and raised outlook — Figma reported revenue of $303.8M (+40% YoY) and beat EPS estimates, then issued FY‑2026 revenue guidance (~$1.366–1.374B) above consensus, which underpins the rally. Figma forecasts annual revenue above estimates — Reuters
• Positive Sentiment: AI product momentum & partnerships — Management highlighted the Anthropic integration (Code to Canvas) and accelerating adoption of Figma Make, positioning AI as a growth engine that expands use beyond designers and strengthens enterprise stickiness (NDR ~136%). Figma’s Anthropic Integration Could Flip the SaaSpocalypse Script — MarketBeat
• Positive Sentiment: Monetization shift — Figma will enforce AI credit limits and introduce pay‑as‑you‑go usage billing (starting in March), opening a consumption revenue stream that could lift revenue per customer as AI usage grows. Figma stock jumps as company sees AI monetization accelerating growth — CNBC
• Neutral Sentiment: Unusually large options activity — Traders bought a large block of call options (51,748), indicating bullish positioning that can amplify moves but doesn’t guarantee sustained gains.
• Neutral Sentiment: Analyst support — Piper Sandler reiterated an Overweight rating with a $35 price target, offering upside from current levels but reflecting differing views on valuation vs. growth. Piper Sandler Reiterates Overweight Rating on Figma — Street Insider
• Negative Sentiment: Margins and dilution concerns — Critics flag lumpy operating margins, heavy R&D/S&M spend and equity dilution (insider/lock‑up selling), which could pressure multiples despite top‑line strength. Figma Suffers AI SaaS Success – Lumpy Margins And Equity Dilution Continue — Seeking Alpha
• Negative Sentiment: Questionable near‑term valuation/entry — Some analysts rate the stock a Hold, noting that while growth is strong (40% Q4), the combination of slowing guidance to ~30% and pressured non‑GAAP operating margin makes the current risk/reward unattractive to certain investors. Figma: Good Company, Good Q4, Questionable Entry Point — Seeking Alpha

Analysts Set New Price Targets

Several research analysts have commented on FIG shares. Morgan Stanley set a $44.00 price target on shares of Figma in a research note on Thursday. Barclays raised shares of Figma to a “neutral” rating in a research note on Thursday, January 8th. Piper Sandler reaffirmed an “overweight” rating and set a $35.00 price objective on shares of Figma in a research note on Thursday. Stifel Nicolaus dropped their target price on Figma from $40.00 to $30.00 and set a “hold” rating for the company in a report on Thursday. Finally, Wells Fargo & Company decreased their price target on Figma from $52.00 to $42.00 and set an “overweight” rating on the stock in a research note on Thursday. Four investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Figma presently has an average rating of “Hold” and an average price target of $43.25.

Figma Price Performance

The company has a market cap of $10.84 billion and a PE ratio of -8.35. The business has a 50 day moving average of $31.13 and a 200 day moving average of $47.10.

Figma (NYSE:FIG) last issued its quarterly earnings data on Wednesday, February 18th. The company reported $0.08 EPS for the quarter, topping the consensus estimate of ($0.20) by $0.28. The business had revenue of $303.78 million during the quarter. Figma had a negative net margin of 121.87% and a negative return on equity of 103.94%. The business’s revenue was up 40.1% on a year-over-year basis.

Insider Buying and Selling at Figma

In related news, CTO Kris Rasmussen sold 205,438 shares of the company’s stock in a transaction on Tuesday, February 10th. The stock was sold at an average price of $25.01, for a total value of $5,138,004.38. Following the sale, the chief technology officer directly owned 10,418,905 shares of the company’s stock, valued at $260,576,814.05. This represents a 1.93% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Tyler Herb sold 2,232 shares of the firm’s stock in a transaction on Monday, February 2nd. The shares were sold at an average price of $24.86, for a total value of $55,487.52. Following the transaction, the chief accounting officer directly owned 195,926 shares of the company’s stock, valued at $4,870,720.36. This represents a 1.13% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 1,781,925 shares of company stock worth $59,260,303. Insiders own 45.20% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. Whittier Trust Co. of Nevada Inc. bought a new stake in Figma during the third quarter worth about $26,000. NewEdge Advisors LLC purchased a new position in shares of Figma during the third quarter valued at approximately $26,000. Wilmington Savings Fund Society FSB bought a new stake in shares of Figma in the 3rd quarter worth approximately $27,000. Sunbelt Securities Inc. bought a new position in Figma during the 3rd quarter valued at approximately $30,000. Finally, US Bancorp DE bought a new position in Figma during the 3rd quarter valued at approximately $31,000.

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.