Figma (NYSE:FIG) Shares Gap Down – Here’s What Happened

Figma, Inc. (NYSE:FIG) shares gapped down prior to trading on Thursday . The stock had previously closed at $28.15, but opened at $23.23. Figma shares last traded at $23.1730, with a volume of 16,029,670 shares changing hands.

Trending Headlines about Figma

Here are the key news stories impacting Figma this week:

• Positive Sentiment: Figma reported second-quarter revenue of $370.1 million, up 48.2% year over year, while adjusted earnings of $0.08 per share exceeded analyst expectations. Management also cited strong demand for its design software and AI-enabled tools. Figma Announces Second Quarter 2026 Financial Results
• Positive Sentiment: The company raised its revenue outlook to approximately $1.5 billion for fiscal 2026, above the roughly $1.4 billion consensus estimate. Third-quarter revenue guidance of $373 million to $375 million also exceeded expectations of about $362.4 million. Figma lifts annual revenue forecast as AI efforts drive solid demand
• Neutral Sentiment: Chief Accounting Officer Tyler Herb sold 1,536 shares for approximately $39,936 under a pre-arranged Rule 10b5-1 plan to cover tax withholding on vested equity. The relatively small, scheduled transaction offers limited insight into management’s current outlook. Tyler Herb Sells 1,536 Shares of Figma Stock
• Negative Sentiment: Investors remained concerned that expanding AI functionality will require substantial spending, potentially limiting operating leverage. Figma continues to report significant losses, including a negative net margin, making margin improvement and the path to sustainable profitability key risks. Figma’s upbeat outlook fails to stem margin worries as AI costs mount
• Negative Sentiment: CEO Dylan Field reportedly forfeited about $46 million in stock following the decline in Figma’s share price, adding to negative sentiment around the company’s equity performance and compensation arrangements. Figma CEO Forfeits $46 Million in Stock After Share Decline

Wall Street Analyst Weigh In

FIG has been the topic of several recent analyst reports. Morgan Stanley dropped their price target on Figma from $44.00 to $38.00 and set an “equal weight” rating on the stock in a research report on Friday, May 15th. Stifel Nicolaus set a $25.00 price objective on Figma in a research report on Friday, May 15th. Wells Fargo & Company lowered their target price on Figma from $42.00 to $36.00 and set an “overweight” rating on the stock in a research note on Friday, June 26th. JPMorgan Chase & Co. dropped their target price on Figma from $45.00 to $42.00 and set a “neutral” rating on the stock in a report on Friday, May 15th. Finally, Oppenheimer reissued a “market perform” rating on shares of Figma in a research report on Thursday, June 25th. Five analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $32.56.

Figma Price Performance

The firm has a market capitalization of $10.38 billion and a PE ratio of -6.72. The company has a fifty day moving average of $21.74 and a 200-day moving average of $22.80.

Figma (NYSE:FIG) last issued its earnings results on Wednesday, August 5th. The company reported $0.08 EPS for the quarter, beating analysts’ consensus estimates of ($0.22) by $0.30. Figma had a negative return on equity of 98.51% and a negative net margin of 123.83%.The firm had revenue of $370.08 million for the quarter. During the same quarter last year, the firm earned $0.09 EPS. The business’s revenue for the quarter was up 48.2% compared to the same quarter last year. Equities analysts anticipate that Figma, Inc. will post -0.79 EPS for the current year.

Insiders Place Their Bets

In related news, CFO Praveer Melwani sold 381,288 shares of the stock in a transaction that occurred on Wednesday, July 29th. The stock was sold at an average price of $25.13, for a total value of $9,581,767.44. Following the transaction, the chief financial officer owned 1,725,716 shares in the company, valued at approximately $43,367,243.08. This represents a 18.10% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, General Counsel Brendan Mulligan sold 18,213 shares of the firm’s stock in a transaction that occurred on Wednesday, July 29th. The shares were sold at an average price of $25.00, for a total transaction of $455,325.00. Following the transaction, the general counsel directly owned 951,571 shares in the company, valued at approximately $23,789,275. The trade was a 1.88% decrease in their position. 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 1,395,647 shares of company stock worth $34,452,600 in the last quarter. Corporate insiders own 32.26% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Parallel Advisors LLC lifted its stake in shares of Figma by 3,890.0% in the 1st quarter. Parallel Advisors LLC now owns 1,197 shares of the company’s stock valued at $25,000 after purchasing an additional 1,167 shares during the last quarter. NewEdge Advisors LLC acquired a new position in Figma during the third quarter worth $26,000. DV Equities LLC acquired a new position in Figma during the fourth quarter worth $26,000. Concord Wealth Partners raised its holdings 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 buying an additional 680 shares in the last quarter. Finally, Harbour Investments Inc. raised its holdings in Figma by 1,568.2% during the fourth quarter. Harbour Investments Inc. now owns 734 shares of the company’s stock valued at $27,000 after buying an additional 690 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.