Fortis Group Advisors LLC Acquires Shares of 30,361 Figma, Inc. $FIG

Fortis Group Advisors LLC purchased a new position in Figma, Inc. (NYSE:FIG) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm purchased 30,361 shares of the company’s stock, valued at approximately $1,135,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. SC US Ttgp LTD. bought a new position in shares of Figma in the 3rd quarter worth $1,310,305,000. ICONIQ Capital LLC bought a new position in shares of Figma in the 3rd quarter worth $1,108,879,000. a16z Capital Management L.L.C. bought a new position in shares of Figma in the 3rd quarter worth $842,687,000. Baillie Gifford & Co. boosted its position in shares of Figma by 93.8% in the 4th quarter. Baillie Gifford & Co. now owns 5,763,613 shares of the company’s stock worth $215,386,000 after purchasing an additional 2,789,986 shares during the last quarter. Finally, Durable Capital Partners LP bought a new position in shares of Figma in the 3rd quarter worth $278,510,000.

Insider Buying and Selling

In other news, CEO Dylan Field sold 250,000 shares of the firm’s stock in a transaction dated Thursday, February 26th. The stock was sold at an average price of $30.80, for a total value of $7,700,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CTO Kris Rasmussen sold 327,046 shares of the firm’s stock in a transaction dated Tuesday, May 19th. The shares were sold at an average price of $25.07, for a total value of $8,199,043.22. Following the completion of the transaction, the chief technology officer owned 9,771,529 shares of the company’s stock, valued at $244,972,232.03. The trade was a 3.24% decrease in their position. 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 1,085,434 shares of company stock worth $31,174,548 over the last three months. Company insiders own 45.20% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently issued reports on FIG. Royal Bank Of Canada reduced their price target on Figma from $31.00 to $28.00 and set a “sector perform” rating on the stock in a research report on Friday, May 15th. Stifel Nicolaus set a $25.00 price target on Figma in a research report on Friday, May 15th. Wall Street Zen upgraded Figma from a “sell” rating to a “hold” rating in a research report on Sunday, February 8th. Oppenheimer initiated coverage on Figma in a research note on Wednesday, March 25th. They set a “market perform” rating on the stock. Finally, Piper Sandler reaffirmed an “overweight” rating and set a $30.00 price objective (down from $35.00) on shares of Figma in a research note on Friday, May 15th. Four research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $38.63.

Key Stories Impacting Figma

Here are the key news stories impacting Figma this week:

• Positive Sentiment: Figma has been highlighted in a bullish contrarian note as an overlooked AI-related growth stock, which could support investor interest if the market rotates back toward high-growth software names. Article Title
• Positive Sentiment: Recent product updates show Figma pushing AI deeper into its design workflow, including an AI assistant/agent embedded in the collaborative canvas, which may strengthen its platform appeal and long-term growth narrative. Article Title
• Neutral Sentiment: Several insider sales were executed under Rule 10b5-1 plans, suggesting the trades were pre-scheduled rather than a direct statement on near-term business conditions.
• Negative Sentiment: CTO Kris Rasmussen sold 327,046 shares, and General Counsel Brendan Mulligan sold 18,741 shares, adding to the recent stream of insider selling and potentially pressuring sentiment around the stock. Article Title
• Negative Sentiment: CAO Tyler Herb also sold shares earlier in the week, reinforcing the impression that insiders have been trimming positions while the stock remains well below its 200-day average.

Figma Price Performance

FIG opened at $21.55 on Friday. The business’s 50-day moving average price is $21.04 and its two-hundred day moving average price is $29.05. Figma, Inc. has a 1 year low of $16.60 and a 1 year high of $142.92. The company has a market capitalization of $9.60 billion and a price-to-earnings ratio of -6.28.

Figma (NYSE:FIG) last released its quarterly earnings results on Thursday, May 14th. The company reported $0.10 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.17) by $0.27. The firm had revenue of $333.44 million for the quarter. Figma had a negative return on equity of 98.51% and a negative net margin of 123.83%.Figma’s revenue for the quarter was up 46.1% on a year-over-year basis. Sell-side analysts anticipate that Figma, Inc. will post -0.69 earnings per share for the current fiscal year.

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.