Matauro LLC Invests $953,000 in Figma, Inc. $FIG

Matauro LLC bought a new stake in Figma, Inc. (NYSE:FIG) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 25,498 shares of the company’s stock, valued at approximately $953,000.

Several other large investors have also modified their holdings of the stock. Whittier Trust Co. of Nevada Inc. bought a new stake in Figma in the third quarter valued at about $26,000. NewEdge Advisors LLC bought a new position in Figma during the 3rd quarter worth approximately $26,000. Wilmington Savings Fund Society FSB acquired a new position in shares of Figma in the 3rd quarter worth approximately $27,000. Sunbelt Securities Inc. bought a new stake in shares of Figma in the 3rd quarter valued at approximately $30,000. Finally, US Bancorp DE bought a new stake in shares of Figma in the 3rd quarter valued at approximately $31,000.

Insiders Place Their Bets

In other Figma news, General Counsel Brendan Mulligan sold 4,817 shares of the business’s stock in a transaction dated Monday, March 16th. The shares were sold at an average price of $26.30, for a total transaction of $126,687.10. Following the sale, the general counsel directly owned 825,644 shares in the company, valued at approximately $21,714,437.20. The trade was a 0.58% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Tyler Herb sold 1,678 shares of the company’s stock in a transaction that occurred on Tuesday, March 3rd. The stock was sold at an average price of $28.47, for a total transaction of $47,772.66. Following the completion of the sale, the chief accounting officer directly owned 188,913 shares of the company’s stock, valued at approximately $5,378,353.11. This represents a 0.88% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 1,616,377 shares of company stock valued at $49,751,858. Corporate insiders own 45.20% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. The Goldman Sachs Group set a $35.00 price objective on Figma in a research note on Thursday, February 19th. Oppenheimer initiated coverage on shares of Figma in a report on Wednesday, March 25th. They set a “market perform” rating on the stock. Wells Fargo & Company reduced their price target on shares of Figma from $52.00 to $42.00 and set an “overweight” rating on the stock in a research report on Thursday, February 19th. Barclays raised shares of Figma to a “neutral” rating in a report on Thursday, January 8th. Finally, Royal Bank Of Canada dropped their price objective on shares of Figma from $38.00 to $31.00 and set a “sector perform” rating on the stock in a research note on Thursday, February 19th. Four analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Figma presently has an average rating of “Hold” and a consensus price target of $43.25.

Figma Price Performance

Shares of Figma stock opened at $20.41 on Thursday. The business’s fifty day moving average price is $25.49 and its two-hundred day moving average price is $37.87. The company has a market capitalization of $9.00 billion and a P/E ratio of -6.54. Figma, Inc. has a 1-year low of $19.82 and a 1-year high of $142.92.

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

Figma 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.