162,225 Shares in Figma, Inc. $FIG Bought by Citizens Financial Group Inc. RI

Citizens Financial Group Inc. RI bought a new stake in shares of Figma, Inc. (NYSE:FIG) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 162,225 shares of the company’s stock, valued at approximately $3,429,000.

Other hedge funds also recently added to or reduced their stakes in the company. Gladstone Capital Management LLP grew its position in Figma by 2.9% during the 4th quarter. Gladstone Capital Management LLP now owns 17,081 shares of the company’s stock worth $638,000 after purchasing an additional 481 shares during the period. NewEdge Advisors LLC acquired a new position in shares of Figma in the 3rd quarter valued at about $26,000. Wilmington Savings Fund Society FSB acquired a new position in shares of Figma in the 3rd quarter valued at about $27,000. Charles Schwab Investment Management Inc. boosted its stake in shares of Figma by 3.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 15,212 shares of the company’s stock worth $568,000 after buying an additional 559 shares during the last quarter. Finally, Sunbelt Securities Inc. purchased a new stake in shares of Figma in the third quarter worth about $30,000.

Insider Transactions at Figma

In related news, CAO Tyler Herb sold 1,850 shares of Figma stock in a transaction on Monday, June 1st. The shares were sold at an average price of $26.40, for a total value of $48,840.00. Following the sale, the chief accounting officer owned 263,435 shares of the company’s stock, valued at approximately $6,954,684. This trade represents a 0.70% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Dylan Field sold 174,430 shares of the business’s stock in a transaction on Friday, May 29th. The stock was sold at an average price of $25.02, for a total transaction of $4,364,238.60. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 733,309 shares of company stock worth $17,824,756 in the last ninety days. Company insiders own 32.26% of the company’s stock.

Figma Trading Down 0.1%

Shares of FIG stock opened at $21.10 on Monday. The company has a market capitalization of $9.40 billion and a P/E ratio of -6.15. The business’s 50 day moving average is $20.79 and its two-hundred day moving average is $24.46. Figma, Inc. has a 12-month low of $16.60 and a 12-month high of $142.92.

Figma (NYSE:FIG) last posted its quarterly earnings data on Thursday, May 14th. The company reported $0.10 EPS for the quarter, beating analysts’ consensus estimates 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 business’s revenue was up 46.1% compared to the same quarter last year. On average, research analysts predict that Figma, Inc. will post -0.8 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several brokerages recently weighed in on FIG. Stifel Nicolaus set a $25.00 price target on Figma in a research report on Friday, May 15th. Morgan Stanley lowered their price objective 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. JPMorgan Chase & Co. dropped their price objective on shares of Figma from $45.00 to $42.00 and set a “neutral” rating on the stock in a research note on Friday, May 15th. Oppenheimer reaffirmed a “market perform” rating on shares of Figma in a report on Thursday, June 25th. Finally, Weiss Ratings reiterated a “sell (e+)” rating on shares of Figma in a research note on Tuesday, May 19th. Five research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $32.67.

Figma Company 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.