Sei Investments Co. Increases Stake in Figma, Inc. $FIG

Sei Investments Co. increased its stake in Figma, Inc. (NYSE:FIG) by 102.9% in the first quarter, Holdings Channel.com reports. The institutional investor owned 72,700 shares of the company’s stock after acquiring an additional 36,863 shares during the period. Sei Investments Co.’s holdings in Figma were worth $1,537,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the company. First Trust Advisors LP purchased a new position in shares of Figma during the 1st quarter worth approximately $11,854,000. Atlantic Private Wealth LLC purchased a new position in shares of Figma in the 1st quarter valued at approximately $74,000. Resolute Advisors LLC lifted its stake in shares of Figma by 303.3% in the 1st quarter. Resolute Advisors LLC now owns 25,813 shares of the company’s stock valued at $546,000 after purchasing an additional 19,413 shares during the period. Amova Asset Management Americas Inc. boosted its position in shares of 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 in the last quarter. Finally, Allen Operations LLC boosted its position in shares of Figma by 4.3% during the first quarter. Allen Operations LLC now owns 19,596 shares of the company’s stock valued at $414,000 after purchasing an additional 813 shares in the last quarter.

Figma Stock Up 9.0%

FIG opened at $25.39 on Tuesday. The stock has a market capitalization of $11.56 billion and a price-to-earnings ratio of -6.98. The firm has a 50 day moving average price of $21.67 and a 200-day moving average price of $22.70. Figma, Inc. has a twelve month low of $16.60 and a twelve month high of $91.00.

Figma (NYSE:FIG) last posted its earnings results on Wednesday, August 5th. The company reported $0.08 EPS for the quarter, topping analysts’ consensus estimates of ($0.22) by $0.30. The business had revenue of $370.08 million during the quarter. Figma had a negative net margin of 123.15% and a negative return on equity of 100.03%. The company’s revenue for the quarter was up 48.2% on a year-over-year basis. During the same period last year, the firm posted $0.09 EPS. As a group, analysts expect that Figma, Inc. will post -0.79 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts have issued reports on FIG shares. Wells Fargo & Company decreased their price objective on Figma from $42.00 to $36.00 and set an “overweight” rating for the company in a report on Friday, June 26th. Royal Bank Of Canada restated a “sector perform” rating on shares of Figma in a report on Thursday. JPMorgan Chase & Co. reduced their target price 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 target on shares of Figma in a research note on Friday, May 15th. Finally, Piper Sandler reissued an “overweight” rating and set a $30.00 price target on shares of Figma in a research report on Thursday, June 25th. Five research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $32.22.

Insider Transactions at Figma

In other Figma news, CTO Kris Rasmussen sold 327,046 shares of the firm’s stock in a transaction dated Tuesday, May 19th. The stock was sold at an average price of $25.07, for a total value of $8,199,043.22. Following the transaction, the chief technology officer directly owned 9,771,529 shares of the company’s stock, valued at approximately $244,972,232.03. This trade represents a 3.24% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Praveer Melwani sold 381,288 shares of the business’s stock in a transaction dated Wednesday, July 29th. The shares were sold at an average price of $25.13, for a total value of $9,581,767.44. Following the sale, the chief financial officer owned 1,725,716 shares of the company’s stock, valued at approximately $43,367,243.08. This represents a 18.10% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders have sold 1,675,578 shares of company stock valued at $41,729,080. Corporate insiders own 32.26% of the company’s stock.

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.