Rokos Capital Management LLP Takes $4.41 Million Position in Figma, Inc. $FIG

Rokos Capital Management LLP acquired a new stake in shares of Figma, Inc. (NYSE:FIG) during the 1st quarter, Holdings Channel.com reports. The fund acquired 208,638 shares of the company’s stock, valued at approximately $4,414,000.

A number of other hedge funds have also bought and sold shares of the business. Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of Figma by 69.3% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 285,055 shares of the company’s stock valued at $10,653,000 after purchasing an additional 116,681 shares during the last quarter. Amova Asset Management Americas Inc. lifted its position in Figma by 641.4% during the first quarter. Amova Asset Management Americas Inc. now owns 1,467,887 shares of the company’s stock valued at $31,031,000 after purchasing an additional 1,269,900 shares during the period. Freestone Capital Holdings LLC purchased a new stake in Figma in the fourth quarter worth approximately $10,297,000. Baillie Gifford & Co. boosted its holdings in Figma by 93.8% in the fourth quarter. Baillie Gifford & Co. now owns 5,763,613 shares of the company’s stock worth $215,386,000 after purchasing an additional 2,789,986 shares during the last quarter. Finally, Ieq Capital LLC grew its position in Figma by 1,670.9% in the 4th quarter. Ieq Capital LLC now owns 973,880 shares of the company’s stock worth $36,394,000 after purchasing an additional 918,886 shares during the period.

Insider Activity at Figma

In other news, General Counsel Brendan Mulligan sold 18,741 shares of the firm’s stock in a transaction dated Tuesday, May 19th. The stock was sold at an average price of $25.04, for a total value of $469,274.64. Following the transaction, the general counsel owned 987,986 shares of the company’s stock, valued at $24,739,169.44. This trade represents a 1.86% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Dylan Field sold 174,430 shares of Figma stock in a transaction dated Friday, May 29th. The shares were sold at an average price of $25.02, for a total value of $4,364,238.60. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 733,309 shares of company stock valued at $17,824,756 in the last ninety days. Corporate insiders own 32.26% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on FIG shares. Wells Fargo & Company decreased their target price on shares of Figma from $42.00 to $36.00 and set an “overweight” rating for the company in a research note on Friday, June 26th. Weiss Ratings restated a “sell (e+)” rating on shares of Figma in a research note on Tuesday, May 19th. Bank of America began coverage on Figma in a report on Tuesday, July 7th. They issued a “buy” rating and a $30.00 price objective for the company. Citigroup lowered their target price on Figma from $36.00 to $35.00 and set a “buy” rating on the stock in a report on Friday. Finally, Morgan Stanley dropped their target price 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. Five investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $32.56.

Figma Trading Up 8.7%

FIG opened at $22.95 on Tuesday. Figma, Inc. has a 1-year low of $16.60 and a 1-year high of $142.92. The company has a market capitalization of $10.23 billion and a PE ratio of -6.69. The firm’s 50 day simple moving average is $21.32 and its two-hundred day simple moving average is $23.29.

Figma (NYSE:FIG) last issued its quarterly earnings results on Thursday, May 14th. The company reported $0.10 earnings per share for the quarter, topping the consensus estimate of ($0.17) by $0.27. Figma had a negative net margin of 123.83% and a negative return on equity of 98.51%. The business had revenue of $333.44 million for the quarter. The company’s revenue was up 46.1% on a year-over-year basis. Equities analysts forecast that Figma, Inc. will post -0.79 earnings per share for the current fiscal year.

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.