SG Americas Securities LLC Makes New Investment in Figma, Inc. $FIG

SG Americas Securities LLC bought a new stake in Figma, Inc. (NYSE:FIG) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 112,110 shares of the company’s stock, valued at approximately $5,815,000.

Other institutional investors have also made changes to their positions in the company. Voya Investment Management LLC acquired a new position in Figma in the 3rd quarter valued at approximately $3,412,000. Renaissance Capital LLC acquired a new stake in shares of Figma during the 3rd quarter valued at $2,439,000. Signaturefd LLC purchased a new position in shares of Figma during the 3rd quarter valued at $1,235,000. Global Retirement Partners LLC acquired a new position in shares of Figma in the third quarter worth $530,000. Finally, VERITY Wealth Advisors purchased a new stake in shares of Figma during the third quarter worth $519,000.

Insider Activity

In other Figma news, CRO Shaunt Voskanian sold 403,335 shares of the company’s stock in a transaction dated Monday, November 10th. The shares were sold at an average price of $43.39, for a total transaction of $17,500,705.65. Following the completion of the sale, the executive directly owned 1,617,326 shares in the company, valued at $70,175,775.14. This represents a 19.96% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, General Counsel Brendan Mulligan sold 80,934 shares of Figma stock in a transaction dated Monday, November 10th. The stock was sold at an average price of $43.47, for a total value of $3,518,200.98. Following the completion of the transaction, the general counsel owned 913,181 shares in the company, valued at $39,695,978.07. The trade was a 8.14% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 5,191,822 shares of company stock worth $198,725,671 in the last 90 days. Insiders own 45.20% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. Wells Fargo & Company raised Figma from an “equal weight” rating to an “overweight” rating and set a $52.00 target price on the stock in a research report on Thursday. Weiss Ratings restated a “sell (e+)” rating on shares of Figma in a report on Monday, December 29th. JPMorgan Chase & Co. cut their price objective on shares of Figma from $65.00 to $60.00 and set a “neutral” rating on the stock in a research report on Thursday, November 6th. Stifel Nicolaus assumed coverage on shares of Figma in a research report on Wednesday. They issued a “hold” rating and a $40.00 target price for the company. Finally, Piper Sandler dropped their price target on shares of Figma from $85.00 to $70.00 and set an “overweight” rating on the stock in a research note on Thursday, November 6th. Four equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $56.63.

Figma Stock Down 0.1%

Shares of Figma stock opened at $37.22 on Friday. Figma, Inc. has a 12-month low of $32.83 and a 12-month high of $142.92. The stock’s 50 day moving average is $38.56. The company has a market capitalization of $15.48 billion and a PE ratio of -13.89.

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

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.