Diversify Wealth Management LLC Purchases Shares of 76,397 Figma, Inc. $FIG

Diversify Wealth Management LLC purchased a new position in shares of Figma, Inc. (NYSE:FIG) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 76,397 shares of the company’s stock, valued at approximately $2,855,000.

A number of other large investors also recently modified their holdings of FIG. RFG Advisory LLC grew its holdings in shares of Figma by 27.7% in the 4th quarter. RFG Advisory LLC now owns 10,600 shares of the company’s stock valued at $396,000 after acquiring an additional 2,300 shares in the last quarter. SBI Securities Co. Ltd. raised its holdings in Figma by 54.4% during the fourth quarter. SBI Securities Co. Ltd. now owns 24,485 shares of the company’s stock worth $915,000 after acquiring an additional 8,625 shares in the last quarter. Elite Wealth Management Inc. boosted its position in Figma by 35.8% during the fourth quarter. Elite Wealth Management Inc. now owns 34,900 shares of the company’s stock valued at $1,304,000 after purchasing an additional 9,200 shares during the last quarter. North Star Investment Management Corp. boosted its position in Figma by 50.0% during the fourth quarter. North Star Investment Management Corp. now owns 1,800 shares of the company’s stock valued at $67,000 after purchasing an additional 600 shares during the last quarter. Finally, American Capital Advisory LLC bought a new position in Figma in the fourth quarter valued at approximately $81,000.

Wall Street Analyst Weigh In

FIG has been the topic of a number of analyst reports. Oppenheimer assumed coverage on Figma in a research note on Wednesday, March 25th. They set a “market perform” rating on the stock. Morgan Stanley set a $44.00 target price on shares of Figma in a report on Thursday, February 19th. Wall Street Zen raised shares of Figma from a “sell” rating to a “hold” rating in a research report on Sunday, February 8th. BTIG Research initiated coverage on shares of Figma in a research note on Monday, April 13th. They issued a “neutral” rating for the company. Finally, Stifel Nicolaus dropped their target price on shares of Figma from $40.00 to $30.00 and set a “hold” rating on the stock in a report on Thursday, February 19th. Four investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $43.25.

Figma Stock Performance

Shares of Figma stock opened at $20.69 on Friday. The firm has a 50-day moving average of $22.73 and a 200-day moving average of $31.24. Figma, Inc. has a 52-week low of $16.60 and a 52-week high of $142.92. The stock has a market cap of $9.19 billion and a PE ratio of -6.63.

Figma (NYSE:FIG) last released its quarterly earnings results on Wednesday, February 18th. The company reported $0.08 EPS for the quarter, topping analysts’ consensus estimates of ($0.20) by $0.28. The business had revenue of $303.78 million for the quarter. Figma had a negative net margin of 121.87% and a negative return on equity of 97.03%. The firm’s revenue for the quarter was up 40.1% compared to the same quarter last year. Equities research analysts predict that Figma, Inc. will post -0.69 earnings per share for the current fiscal year.

Insider Activity at Figma

In other news, General Counsel Brendan Mulligan sold 5,227 shares of Figma stock in a transaction that occurred on Tuesday, February 10th. The shares were sold at an average price of $25.00, for a total value of $130,675.00. Following the completion of the sale, the general counsel directly owned 850,489 shares in the company, valued at approximately $21,262,225. The trade was a 0.61% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Andrew Phillips Reed acquired 912,749 shares of the stock in a transaction on Monday, February 23rd. The shares were bought at an average price of $24.30 per share, for a total transaction of $22,179,800.70. Following the purchase, the director owned 1,466,852 shares in the company, valued at approximately $35,644,503.60. This trade represents a 164.73% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last three months, insiders sold 956,362 shares of company stock valued at $27,933,688. 45.20% of the stock is currently owned by company insiders.

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.