SG Americas Securities LLC Has $10.52 Million Position in Figma, Inc. $FIG

SG Americas Securities LLC grew its holdings in Figma, Inc. (NYSE:FIGFree Report) by 230.3% in the first quarter, Holdings Channel.com reports. The firm owned 497,551 shares of the company’s stock after purchasing an additional 346,928 shares during the period. SG Americas Securities LLC’s holdings in Figma were worth $10,518,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. NewEdge Advisors LLC purchased a new position in shares of Figma during the third quarter valued at $26,000. DV Equities LLC purchased a new stake in Figma in the 4th quarter worth about $26,000. Concord Wealth Partners boosted its position in Figma by 1,446.8% during the 4th quarter. Concord Wealth Partners now owns 727 shares of the company’s stock worth $27,000 after acquiring an additional 680 shares during the period. Harbour Investments Inc. grew its stake in Figma by 1,568.2% during the 4th quarter. Harbour Investments Inc. now owns 734 shares of the company’s stock valued at $27,000 after acquiring an additional 690 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB purchased a new position in Figma during the 3rd quarter valued at about $27,000.

Insider Activity

In other Figma news, CRO Shaunt Voskanian sold 87,510 shares of Figma stock in a transaction that occurred on Wednesday, June 3rd. The shares were sold at an average price of $23.01, for a total value of $2,013,605.10. Following the completion of the sale, the executive directly owned 1,781,380 shares in the company, valued at $40,989,553.80. The trade was a 4.68% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Dylan Field sold 174,430 shares of the business’s stock in a transaction that occurred on Friday, May 29th. The stock was sold at an average price of $25.02, for a total transaction 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. In the last 90 days, insiders have sold 694,220 shares of company stock valued at $17,023,005. 45.20% of the stock is currently owned by company insiders.

Key Headlines Impacting Figma

Here are the key news stories impacting Figma this week:

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on FIG shares. Oppenheimer reissued a “market perform” rating on shares of Figma in a research report on Thursday. JPMorgan Chase & Co. lowered their price objective on shares of Figma from $45.00 to $42.00 and set a “neutral” rating on the stock in a research report on Friday, May 15th. Stifel Nicolaus set a $25.00 price objective on shares of Figma in a research note on Friday, May 15th. BTIG Research assumed coverage on shares of Figma in a research report on Monday, April 13th. They issued a “neutral” rating for the company. Finally, Weiss Ratings reissued a “sell (e+)” rating on shares of Figma in a research note on Tuesday, May 19th. Five investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Figma currently has an average rating of “Hold” and an average price target of $37.00.

Get Our Latest Stock Analysis on Figma

Figma Price Performance

Shares of FIG stock opened at $18.58 on Friday. Figma, Inc. has a fifty-two week low of $16.60 and a fifty-two week high of $142.92. The stock’s 50-day moving average is $20.28 and its two-hundred day moving average is $25.74. The firm has a market cap of $8.28 billion and a P/E ratio of -5.42.

Figma (NYSE:FIGGet Free Report) last announced its quarterly earnings results on Thursday, May 14th. The company reported $0.10 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.17) by $0.27. The business had revenue of $333.44 million during the quarter. Figma had a negative return on equity of 98.51% and a negative net margin of 123.83%.The company’s revenue for the quarter was up 46.1% on a year-over-year basis. As a group, research analysts expect that Figma, Inc. will post -0.78 EPS for the current year.

About Figma

(Free Report)

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.

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Institutional Ownership by Quarter for Figma (NYSE:FIG)

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