Figma (NYSE:FIG) Trading Down 10.5% – Here’s Why

31 Jan 2026, 15:55 by Kim Johansen · The Markets Daily

Figma, Inc. (NYSE:FIG – Get Free Report) shares were down 10.5% on Thursday . The stock traded as low as $26.86 and last traded at $26.89. Approximately 4,728,946 shares traded hands during mid-day trading, a decline of 40% from the average daily volume of 7,883,130 shares. The stock had previously closed at $30.06.

Analyst Ratings Changes

A number of brokerages have commented on FIG. Piper Sandler dropped their price objective on shares of Figma from $85.00 to $70.00 and set an “overweight” rating for the company in a research note on Thursday, November 6th. Wells Fargo & Company raised shares of Figma from an “equal weight” rating to an “overweight” rating and set a $52.00 price target for the company in a report on Thursday, January 8th. Wall Street Zen cut Figma from a “hold” rating to a “sell” rating in a research note on Saturday. Royal Bank Of Canada lowered their price objective on Figma from $65.00 to $38.00 and set a “sector perform” rating for the company in a research note on Monday, January 5th. Finally, Weiss Ratings reiterated a “sell (e+)” rating on shares of Figma in a report on Monday, December 29th. Four equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $52.13.

Read Our Latest Stock Analysis on FIG

Figma Stock Down 4.2%

The firm’s 50-day moving average price is $35.11. The stock has a market capitalization of $10.78 billion and a price-to-earnings ratio of -9.67.

Figma (NYSE:FIG – Get Free Report) last posted its earnings results on Wednesday, November 5th. The company reported $0.10 EPS for the quarter, beating analysts’ consensus estimates of ($1.56) by $1.66. The company had revenue of $274.17 million during the quarter. Figma had a negative net margin of 99.32% and a negative return on equity of 84.34%. The company’s revenue was up 38.0% on a year-over-year basis. During the same period in the previous year, the company earned $0.04 EPS.

Insiders Place Their Bets

In other Figma news, CTO Kris Rasmussen sold 272,789 shares of the stock in a transaction dated Monday, November 10th. The stock was sold at an average price of $43.47, for a total value of $11,858,137.83. Following the completion of the sale, the chief technology officer directly owned 11,121,558 shares in the company, valued at approximately $483,454,126.26. This trade represents a 2.39% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Dylan Field sold 3,029,063 shares of the business’s stock in a transaction dated Monday, November 17th. The stock was sold at an average price of $37.30, for a total value of $112,984,049.90. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 5,509,988 shares of company stock valued at $209,103,972. 45.20% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Figma

A number of institutional investors have recently bought and sold shares of FIG. Whittier Trust Co. of Nevada Inc. purchased a new stake in shares of Figma in the 3rd quarter valued at $26,000. NewEdge Advisors LLC purchased a new position in shares of Figma during the third quarter worth $26,000. Concord Wealth Partners lifted its position in Figma by 1,446.8% during the fourth quarter. Concord Wealth Partners now owns 727 shares of the company’s stock valued at $27,000 after purchasing an additional 680 shares during the period. Wilmington Savings Fund Society FSB purchased a new stake in Figma in the third quarter valued at $27,000. Finally, Sunbelt Securities Inc. acquired a new stake in Figma during the 3rd quarter worth about $30,000.

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.