Insider Buying: Figma (NYSE:FIG) Director Buys 554,103 Shares of Stock

Figma, Inc. (NYSE:FIG) Director Andrew Phillips Reed bought 554,103 shares of Figma stock in a transaction that occurred on Friday, February 20th. The shares were bought at an average cost of $25.90 per share, with a total value of $14,351,267.70. Following the acquisition, the director directly owned 554,103 shares in the company, valued at $14,351,267.70. This trade represents a ∞ increase in their position. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Andrew Phillips Reed also recently made the following trade(s):

• On Monday, February 23rd, Andrew Phillips Reed purchased 912,749 shares of Figma stock. The stock was bought at an average cost of $24.30 per share, for a total transaction of $22,179,800.70.

Figma Trading Up 10.7%

FIG stock traded up $2.66 during mid-day trading on Tuesday, hitting $27.41. 23,356,562 shares of the company were exchanged, compared to its average volume of 14,767,780. The business has a 50 day simple moving average of $30.72 and a 200-day simple moving average of $45.75. The stock has a market capitalization of $12.09 billion and a PE ratio of -8.79. Figma, Inc. has a 1-year low of $19.85 and a 1-year high of $142.92.

Figma (NYSE:FIG) last posted its earnings results on Wednesday, February 18th. The company reported $0.08 EPS for the quarter, beating the consensus estimate of ($0.20) by $0.28. The company had revenue of $303.78 million for the quarter. Figma had a negative return on equity of 97.03% and a negative net margin of 121.87%.The firm’s revenue for the quarter was up 40.1% compared to the same quarter last year.

Hedge Funds Weigh In On Figma

Hedge funds have recently bought and sold shares of the company. SC US Ttgp LTD. acquired a new stake in Figma in the third quarter valued at approximately $1,310,305,000. ICONIQ Capital LLC bought a new position in shares of Figma in the 3rd quarter valued at $1,108,879,000. a16z Capital Management L.L.C. acquired a new stake in shares of Figma during the 3rd quarter valued at $842,687,000. Viking Global Investors LP bought a new stake in Figma during the 4th quarter worth $214,967,000. Finally, Durable Capital Partners LP acquired a new position in Figma in the 3rd quarter worth about $278,510,000.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. JPMorgan Chase & Co. dropped their target price on Figma from $65.00 to $60.00 and set a “neutral” rating for the company in a report on Thursday, November 6th. Stifel Nicolaus lowered their price target on shares of Figma from $40.00 to $30.00 and set a “hold” rating on the stock in a research report on Thursday, February 19th. Wall Street Zen raised shares of Figma from a “sell” rating to a “hold” rating in a report on Sunday, February 8th. Wells Fargo & Company lowered their target price on shares of Figma from $52.00 to $42.00 and set an “overweight” rating on the stock in a report on Thursday, February 19th. Finally, Piper Sandler reiterated an “overweight” rating and issued a $35.00 price target on shares of Figma in a research report on Thursday, February 19th. Four investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Figma currently has an average rating of “Hold” and a consensus target price of $43.25.

More Figma News

Here are the key news stories impacting Figma this week:

• Positive Sentiment: Large institutional buying — ARK Invest (Cathie Wood) purchased roughly $11.8M of FIG, a visible vote of confidence that can lift demand and sentiment for the shares. This is the most immediate catalyst supporting the stock’s rise. Why Figma Stock Popped Today Cathie Wood Is Buying DoorDash Stock…
• Positive Sentiment: Recent earnings beat and strong revenue growth — Figma reported an EPS beat and ~40% YoY revenue growth on Feb. 18, evidence that growth is intact and giving investors confidence in the company’s path to monetization and scale. Figma Stock Profile & Earnings
• Neutral Sentiment: AI pricing and product monetization under scrutiny — New AI pricing puts usage, churn risk and valuation into sharper focus; if pricing balances revenue per user and adoption it’s positive, but heavy usage or sticker shock could pressure retention. Investors are parsing the details to update revenue and margin models. Figma’s New AI Pricing Puts Usage And Valuation In Sharper Focus
• Negative Sentiment: Insider selling by senior executives — General Counsel Brendan Mulligan (and CAO Tyler Herb) disclosed recent sales of shares; while the sizes are modest relative to holdings, repeated sales can concern investors about near-term conviction and add supply into the market. SEC filing link provided. Insider Selling Disclosure
• Negative Sentiment: Analyst target cuts and mixed broker views — Several firms trimmed price targets and some ratings remain cautious, which can cap upside until Figma proves sustained margin improvement or clearer AI monetization. Consensus remains a “Hold.” Analyst Notes on FIG

About Figma

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.