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

Figma (NYSE:FIG) had its target price trimmed by JPMorgan Chase & Co. from $65.00 to $60.00 in a research note released on Thursday morning,Benzinga reports. The brokerage currently has a neutral rating on the stock.

FIG has been the subject of a number of other research reports. Weiss Ratings started coverage on shares of Figma in a research note on Friday, October 24th. They issued a “sell (d)” rating for the company. William Blair reaffirmed an “outperform” rating on shares of Figma in a report on Thursday, September 4th. Wells Fargo & Company cut their target price on shares of Figma from $70.00 to $52.00 and set an “equal weight” rating for the company in a research report on Wednesday. Wall Street Zen upgraded Figma to a “hold” rating in a research report on Saturday, August 9th. Finally, Morgan Stanley dropped their price target on Figma from $80.00 to $70.00 and set an “equal weight” rating for the company in a research note on Thursday, September 4th. Three investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $62.86.

Figma Stock Performance

NYSE:FIG traded down $1.87 during trading hours on Thursday, hitting $44.11. 32,003,630 shares of the company’s stock traded hands, compared to its average volume of 11,655,805. Figma has a 52 week low of $43.00 and a 52 week high of $142.92. The company has a fifty day moving average of $55.46.

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

Insider Buying and Selling at Figma

In other news, CAO Tyler Herb sold 3,133 shares of the firm’s stock in a transaction dated Monday, November 3rd. The stock was sold at an average price of $48.17, for a total transaction of $150,916.61. Following the transaction, the chief accounting officer directly owned 226,087 shares of the company’s stock, valued at approximately $10,890,610.79. This trade represents a 1.37% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CTO Kris Rasmussen sold 73,738 shares of the firm’s stock in a transaction that occurred on Monday, November 3rd. The stock was sold at an average price of $48.17, for a total value of $3,551,959.46. Following the transaction, the chief technology officer owned 11,378,919 shares in the company, valued at approximately $548,122,528.23. The trade was a 0.64% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 129,230 shares of company stock valued at $6,225,009. 45.20% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. Voya Investment Management LLC purchased a new stake in shares of Figma in the 3rd quarter worth approximately $3,412,000. VERITY Wealth Advisors purchased a new stake in shares of Figma during the third quarter valued at $519,000. Tripletail Wealth Management LLC bought a new stake in Figma in the 3rd quarter worth about $53,000. Renaissance Capital LLC purchased a new position in Figma in the 3rd quarter worth about $2,439,000. Finally, SOA Wealth Advisors LLC. bought a new position in Figma during the 3rd quarter valued at about $39,000.

About Figma

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.