Figma (NYSE:FIG) Trading Down 16.6% Following Weak Earnings

Figma, Inc. (NYSE:FIG)’s share price dropped 16.6% on Thursday following a weaker than expected earnings announcement. The stock traded as low as $53.20 and last traded at $56.85. Approximately 16,575,897 shares were traded during mid-day trading, an increase of 35% from the average daily volume of 12,309,021 shares. The stock had previously closed at $68.13.

The company reported ($0.07) earnings per share for the quarter, missing the consensus estimate of $0.08 by ($0.15). The business had revenue of $249.64 million for the quarter, compared to analysts’ expectations of $248.97 million. Figma has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS.

Analyst Upgrades and Downgrades

FIG has been the subject of several recent research reports. Wall Street Zen upgraded shares of Figma to a “hold” rating in a research note on Saturday, August 9th. Morgan Stanley lowered their target price on shares of Figma from $80.00 to $70.00 and set an “equal weight” rating for the company in a research note on Thursday. William Blair initiated coverage on shares of Figma in a research report on Monday, August 25th. They set an “outperform” rating for the company. Wells Fargo & Company lowered their price target on shares of Figma from $82.00 to $70.00 and set an “equal weight” rating for the company in a research report on Thursday. Finally, Wolfe Research initiated coverage on shares of Figma in a research report on Monday, August 25th. They set a “peer perform” rating for the company. Three investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $67.43.

Insiders Place Their Bets

In related news, major shareholder Ventures Vi (Jersey) Lp Index sold 105,511 shares of the company’s stock in a transaction dated Friday, August 1st. The shares were sold at an average price of $31.52, for a total value of $3,325,706.72. Following the completion of the sale, the insider owned 834,800 shares of the company’s stock, valued at $26,312,896. This represents a 11.22% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CRO Shaunt Voskanian sold 90,000 shares of the company’s stock in a transaction dated Friday, August 1st. The stock was sold at an average price of $31.52, for a total transaction of $2,836,800.00. Following the completion of the sale, the executive directly owned 1,681,300 shares of the company’s stock, valued at $52,994,576. The trade was a 5.08% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have acquired 312,500 shares of company stock valued at $10,312,500 and have sold 19,617,451 shares valued at $618,294,215. 45.20% of the stock is owned by company insiders.

Figma Trading Up 0.4%

The firm has a market capitalization of $22.46 billion and a price-to-earnings ratio of 74.01.

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.