BNP Paribas Financial Markets Increases Stock Holdings in Figma, Inc. $FIG

BNP Paribas Financial Markets lifted its position in Figma, Inc. (NYSE:FIG) by 401.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 689,108 shares of the company’s stock after buying an additional 551,574 shares during the quarter. BNP Paribas Financial Markets owned approximately 0.17% of Figma worth $25,752,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Norges Bank purchased a new stake in shares of Figma in the fourth quarter worth about $38,760,000. Eurizon Capital SGR S.p.A. purchased a new stake in shares of Figma in the fourth quarter worth about $34,000. Mitsubishi UFJ Morgan Stanley Securities Co. Ltd. purchased a new stake in shares of Figma in the fourth quarter worth about $92,000. Foundations Investment Advisors LLC purchased a new stake in shares of Figma in the fourth quarter worth about $17,495,000. Finally, Eaton Financial Holdings Company LLC purchased a new stake in shares of Figma in the fourth quarter worth about $604,000.

Insider Buying and Selling at Figma

In other Figma news, CEO Dylan Field sold 174,430 shares of the stock in a transaction that occurred on Friday, May 29th. The shares were sold at an average price of $25.02, for a total transaction of $4,364,238.60. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CTO Kris Rasmussen sold 327,046 shares of the stock in a transaction that occurred 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 transaction, the chief technology officer owned 9,771,529 shares in the company, valued at $244,972,232.03. The trade was a 3.24% decrease in their ownership of the stock. 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 527,553 shares of company stock valued at $13,223,999 over the last ninety days. Insiders own 45.20% of the company’s stock.

Figma Price Performance

Shares of FIG opened at $22.56 on Friday. The firm’s 50 day simple moving average is $20.67 and its 200 day simple moving average is $27.59. The company has a market capitalization of $10.05 billion and a P/E ratio of -6.58. Figma, Inc. has a 1-year low of $16.60 and a 1-year 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, beating analysts’ consensus estimates of ($0.17) by $0.27. Figma had a negative net margin of 123.83% and a negative return on equity of 98.51%. The business had revenue of $333.44 million for the quarter. The company’s quarterly revenue was up 46.1% compared to the same quarter last year. On average, equities analysts anticipate that Figma, Inc. will post -0.78 earnings per share for the current year.

Wall Street Analyst Weigh In

FIG has been the topic of a number of recent analyst reports. Piper Sandler reaffirmed an “overweight” rating and issued a $30.00 target price (down from $35.00) on shares of Figma in a research note on Friday, May 15th. The Goldman Sachs Group set a $35.00 target price on shares of Figma in a research note on Thursday, February 19th. Oppenheimer initiated coverage on shares of Figma in a research note on Wednesday, March 25th. They issued a “market perform” rating on the stock. BTIG Research initiated coverage on shares of Figma in a research note on Monday, April 13th. They issued a “neutral” rating on the stock. Finally, JPMorgan Chase & Co. lowered their target price on shares of Figma from $45.00 to $42.00 and set a “neutral” rating on the stock in a research note on Friday, May 15th. Four analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Figma presently has a consensus rating of “Hold” and an average target price of $38.63.

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.