23,819 Shares in Figma, Inc. $FIG Acquired by Signaturefd LLC

Signaturefd LLC acquired a new stake in Figma, Inc. (NYSE:FIG) during the 3rd quarter, HoldingsChannel reports. The firm acquired 23,819 shares of the company’s stock, valued at approximately $1,235,000.

Other institutional investors have also added to or reduced their stakes in the company. Voya Investment Management LLC bought a new stake in shares of Figma in the third quarter valued at approximately $3,412,000. VERITY Wealth Advisors bought a new position in Figma in the 3rd quarter worth approximately $519,000. Tripletail Wealth Management LLC bought a new position in Figma in the 3rd quarter worth approximately $53,000. Renaissance Capital LLC purchased a new position in Figma in the 3rd quarter valued at approximately $2,439,000. Finally, SOA Wealth Advisors LLC. bought a new stake in Figma during the 3rd quarter valued at $39,000.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on FIG shares. JPMorgan Chase & Co. cut their price target on Figma from $65.00 to $60.00 and set a “neutral” rating for the company in a report on Thursday, November 6th. Weiss Ratings restated a “sell (e+)” rating on shares of Figma in a research note on Monday, December 29th. Wells Fargo & Company reduced their target price on Figma from $70.00 to $52.00 and set an “equal weight” rating for the company in a report on Wednesday, November 5th. The Goldman Sachs Group increased their price target on shares of Figma from $49.00 to $54.00 and gave the stock a “neutral” rating in a report on Friday, November 7th. Finally, Piper Sandler cut their price objective on shares of Figma from $85.00 to $70.00 and set an “overweight” rating for the company in a research report on Thursday, November 6th. Three research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $62.86.

Figma Trading Up 0.7%

NYSE:FIG opened at $37.62 on Monday. The stock has a market cap of $15.65 billion and a PE ratio of -14.04. The firm has a 50-day simple moving average of $39.93. Figma, Inc. has a twelve month low of $32.83 and a twelve month high of $142.92.

Figma (NYSE:FIG) last posted its quarterly earnings data on Wednesday, November 5th. The company reported $0.10 earnings per share for the quarter, topping the consensus estimate of ($1.56) by $1.66. The company had revenue of $274.17 million for the quarter. Figma had a negative net margin of 99.32% and a negative return on equity of 84.34%. The firm’s revenue for the quarter was up 38.0% on a year-over-year basis. During the same quarter last year, the company posted $0.04 earnings per share.

Insider Activity at Figma

In other news, CTO Kris Rasmussen sold 272,789 shares of the firm’s stock in a transaction on Monday, November 10th. The shares were sold at an average price of $43.47, for a total transaction of $11,858,137.83. Following the sale, the chief technology officer owned 11,121,558 shares in the company, valued at approximately $483,454,126.26. This trade represents a 2.39% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, General Counsel Brendan Mulligan sold 80,934 shares of the company’s stock in a transaction on Monday, November 10th. The stock was sold at an average price of $43.47, for a total transaction of $3,518,200.98. Following the completion of the transaction, the general counsel owned 913,181 shares of the company’s stock, valued at $39,695,978.07. This trade represents a 8.14% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 4,954,256 shares of company stock worth $189,878,277 over the last quarter.

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.