Private Advisor Group LLC Makes New $809,000 Investment in Figma, Inc. $FIG

Private Advisor Group LLC purchased a new stake in shares of Figma, Inc. (NYSE:FIG) during the first quarter, Holdings Channel reports. The fund purchased 38,266 shares of the company’s stock, valued at approximately $809,000.

Several other institutional investors and hedge funds have also modified their holdings of the business. Mirae Asset Global Investments Co. Ltd. raised its holdings in 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 buying an additional 116,681 shares in the last quarter. Freestone Capital Holdings LLC bought a new stake in shares of Figma during the 4th quarter worth about $10,297,000. Baillie Gifford & Co. increased its holdings in shares of Figma by 93.8% during the 4th quarter. Baillie Gifford & Co. now owns 5,763,613 shares of the company’s stock valued at $215,386,000 after acquiring an additional 2,789,986 shares during the last quarter. Ieq Capital LLC increased its holdings in shares of Figma by 1,670.9% during the 4th quarter. Ieq Capital LLC now owns 973,880 shares of the company’s stock valued at $36,394,000 after acquiring an additional 918,886 shares during the last quarter. Finally, Brighton Jones LLC bought a new position in shares of Figma in the 4th quarter valued at approximately $10,129,000.

Insider Activity

In related news, CTO Kris Rasmussen sold 327,046 shares of the company’s stock in a transaction on Tuesday, May 19th. The shares were sold at an average price of $25.07, for a total transaction of $8,199,043.22. Following the completion of the transaction, the chief technology officer directly owned 9,771,529 shares in the company, valued at $244,972,232.03. This represents a 3.24% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CRO Shaunt Voskanian sold 87,510 shares of the stock in a transaction on Wednesday, June 3rd. The shares were sold at an average price of $23.01, for a total transaction of $2,013,605.10. Following the completion of the sale, the executive directly owned 1,781,380 shares of the company’s stock, valued at approximately $40,989,553.80. This trade represents a 4.68% decrease in their ownership of the stock. 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. Over the last quarter, insiders sold 733,309 shares of company stock worth $17,824,756. Corporate insiders own 32.26% of the company’s stock.

Analyst Ratings Changes

FIG has been the subject of several analyst reports. Piper Sandler restated an “overweight” rating and issued a $30.00 target price on shares of Figma in a report on Thursday, June 25th. Morgan Stanley dropped their price target on shares of Figma from $44.00 to $38.00 and set an “equal weight” rating on the stock in a research report on Friday, May 15th. Royal Bank Of Canada reduced their price objective on shares of Figma from $28.00 to $22.00 and set a “sector perform” rating for the company in a research note on Thursday, June 25th. Stifel Nicolaus set a $25.00 price objective on shares of Figma in a report on Friday, May 15th. Finally, BTIG Research assumed coverage on shares of Figma in a research note on Monday, April 13th. They issued a “neutral” rating on the stock. Five research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $32.67.

Figma Stock Up 0.5%

FIG opened at $23.76 on Wednesday. The stock’s 50 day moving average price is $21.00 and its two-hundred day moving average price is $24.25. The firm has a market capitalization of $10.59 billion and a P/E ratio of -6.93. Figma, Inc. has a 12-month low of $16.60 and a 12-month high of $142.92.

Figma (NYSE:FIG) last issued its quarterly earnings results on Thursday, May 14th. The company reported $0.10 EPS for the quarter, topping analysts’ consensus estimates of ($0.17) by $0.27. Figma had a negative return on equity of 98.51% and a negative net margin of 123.83%.The company had revenue of $333.44 million during the quarter. The company’s revenue was up 46.1% compared to the same quarter last year. As a group, analysts anticipate that Figma, Inc. will post -0.8 earnings per share for the current 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.