Figma (NYSE:FIG) Sets New 52-Week Low – Time to Sell?

Figma, Inc. (NYSE:FIG) hit a new 52-week low on Thursday . The stock traded as low as $19.70 and last traded at $20.3040, with a volume of 896896 shares traded. The stock had previously closed at $20.42.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on FIG. Wall Street Zen upgraded shares of Figma from a “sell” rating to a “hold” rating in a research report on Sunday, February 8th. Piper Sandler reiterated an “overweight” rating and issued a $35.00 price objective on shares of Figma in a research report on Thursday, February 19th. Royal Bank Of Canada decreased their target price on shares of Figma from $38.00 to $31.00 and set a “sector perform” rating for the company in a research 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. Finally, Weiss Ratings reiterated a “sell (e+)” rating on shares of Figma in a research report on Monday, December 29th. Four analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $43.25.

Figma Stock Performance

The company has a market cap of $9.08 billion and a P/E ratio of -6.58. The stock has a 50 day moving average price of $25.49 and a 200 day moving average price of $37.87.

Figma (NYSE:FIG) last announced its earnings results on Wednesday, February 18th. The company reported $0.08 earnings per share for the quarter, beating the consensus estimate of ($0.20) by $0.28. The business 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 firm’s quarterly revenue was up 40.1% compared to the same quarter last year.

Insider Transactions at Figma

In related news, CTO Kris Rasmussen sold 205,438 shares of the business’s stock in a transaction that occurred on Tuesday, February 10th. The shares were 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 in the company, valued at $260,576,814.05. The trade was a 1.93% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Dylan Field sold 250,000 shares of the stock in a transaction that occurred on Wednesday, January 14th. The shares were sold at an average price of $32.63, for a total transaction of $8,157,500.00. The SEC filing for this sale provides additional information. Insiders have sold 1,616,377 shares of company stock valued at $49,751,858 in the last quarter. Insiders own 45.20% of the company’s stock.

Institutional Investors Weigh In On Figma

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Gladstone Capital Management LLP grew its holdings in shares of Figma by 2.9% in the 4th quarter. Gladstone Capital Management LLP now owns 17,081 shares of the company’s stock worth $638,000 after acquiring an additional 481 shares during the last quarter. Whittier Trust Co. of Nevada Inc. purchased a new stake in shares of Figma during the third quarter valued at $26,000. NewEdge Advisors LLC acquired a new position in shares of Figma in the 3rd quarter valued at $26,000. Wilmington Savings Fund Society FSB purchased a new position in Figma in the 3rd quarter worth about $27,000. Finally, Charles Schwab Investment Management Inc. raised its holdings in Figma by 3.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 15,212 shares of the company’s stock worth $568,000 after buying an additional 559 shares during the period.

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.