Figma (NYSE:FIG) Stock Price Down 6.9% – Here’s Why
by Renee Jackson · The Cerbat GemFigma, Inc. (NYSE:FIG – Get Free Report)’s stock price was down 6.9% during trading on Thursday . The stock traded as low as $17.13 and last traded at $17.3460. 4,480,142 shares changed hands during trading, a decline of 73% from the average daily volume of 16,578,164 shares. The stock had previously closed at $18.64.
Figma News Summary
Here are the key news stories impacting Figma this week:
- Positive Sentiment: Citi initiated coverage with a Buy rating and a $36 price target, saying the market may be underestimating Figma’s ability to monetize AI. Citi Initiates Figma (FIG) With a Buy Rating, Here’s What You Need to Know
- Positive Sentiment: Piper Sandler reaffirmed an Overweight rating and kept a $30 price target, reinforcing the view that the stock has meaningful upside from current levels. Benzinga coverage of Piper Sandler rating
- Positive Sentiment: At Config 2026, Figma unveiled new AI-driven product capabilities, including an “Intelligent Canvas” aimed at full-stack product creation, which could support future revenue growth and help improve monetization. Figma Unveils AI-Powered ‘Intelligent Canvas’ for Full-Stack Product Creation at Config 2026
Analysts Set New Price Targets
Several equities analysts have recently issued reports on FIG shares. Piper Sandler reiterated an “overweight” rating and set a $30.00 price target on shares of Figma in a research report on Thursday. Stifel Nicolaus set a $25.00 price objective on Figma in a report on Friday, May 15th. JPMorgan Chase & Co. decreased their target price on Figma from $45.00 to $42.00 and set a “neutral” rating for the company in a research note on Friday, May 15th. Royal Bank Of Canada dropped their price target on shares of Figma from $28.00 to $22.00 and set a “sector perform” rating on the stock in a research report on Thursday. Finally, Wells Fargo & Company cut their price target on shares of Figma from $42.00 to $36.00 and set an “overweight” rating for the company in a report on Friday. Five research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $37.00.
Figma Trading Up 10.3%
The business has a 50-day moving average price of $20.28 and a 200 day moving average price of $25.74. The company has a market cap of $8.28 billion and a price-to-earnings ratio of -5.42.
Figma (NYSE:FIG – Get Free Report) last issued its earnings results on Thursday, May 14th. The company reported $0.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.17) by $0.27. The business had revenue of $333.44 million for the quarter. Figma had a negative return on equity of 98.51% and a negative net margin of 123.83%.The business’s revenue for the quarter was up 46.1% on a year-over-year basis. On average, analysts anticipate that Figma, Inc. will post -0.78 earnings per share for the current year.
Insiders Place Their Bets
In related news, CFO Praveer Melwani sold 83,974 shares of Figma stock in a transaction dated Wednesday, June 3rd. The stock was sold at an average price of $22.77, for a total value of $1,912,087.98. Following the transaction, the chief financial officer owned 1,749,024 shares of the company’s stock, valued at approximately $39,825,276.48. This trade represents a 4.58% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Dylan Field sold 174,430 shares of the company’s stock in a transaction dated Friday, May 29th. The shares were sold at an average price of $25.02, for a total transaction of $4,364,238.60. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 694,220 shares of company stock worth $17,023,005 over the last three months. Company insiders own 45.20% of the company’s stock.
Institutional Investors Weigh In On Figma
A number of institutional investors have recently bought and sold shares of FIG. SC US Ttgp LTD. lifted its position in shares of Figma by 5.8% in the first quarter. SC US Ttgp LTD. now owns 26,728,171 shares of the company’s stock worth $565,034,000 after purchasing an additional 1,466,851 shares in the last quarter. ICONIQ Capital LLC purchased a new position in Figma during the third quarter valued at approximately $1,108,879,000. a16z Capital Management L.L.C. purchased a new position in Figma during the third quarter valued at approximately $842,687,000. JPMorgan Chase & Co. increased its stake in Figma by 119.4% in the 4th quarter. JPMorgan Chase & Co. now owns 6,643,939 shares of the company’s stock valued at $248,284,000 after buying an additional 3,615,198 shares during the period. Finally, Baillie Gifford & Co. lifted its position in Figma by 93.8% in the 4th quarter. Baillie Gifford & Co. now owns 5,763,613 shares of the company’s stock worth $215,386,000 after buying an additional 2,789,986 shares in the last quarter.
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.