774,981 Shares in Figma, Inc. $FIG Bought by Cerity Partners LLC

Cerity Partners LLC purchased a new position in Figma, Inc. (NYSE:FIG) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 774,981 shares of the company’s stock, valued at approximately $28,961,000. Cerity Partners LLC owned about 0.19% of Figma as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of the business. NewEdge Advisors LLC bought a new stake in Figma in the third quarter worth $26,000. Wilmington Savings Fund Society FSB bought a new stake in Figma in the third quarter worth $27,000. Sunbelt Securities Inc. bought a new stake in Figma in the third quarter worth $30,000. North Star Investment Management Corp. increased its position in Figma by 50.0% in the fourth quarter. North Star Investment Management Corp. now owns 1,800 shares of the company’s stock worth $67,000 after purchasing an additional 600 shares during the last quarter. Finally, US Bancorp DE bought a new stake in Figma in the third quarter worth $31,000.

Figma Trading Down 3.5%

Shares of FIG opened at $19.78 on Thursday. Figma, Inc. has a twelve month low of $16.60 and a twelve month high of $142.92. The company has a market cap of $8.81 billion and a P/E ratio of -5.77. The company’s fifty day simple moving average is $20.66 and its 200-day simple moving average is $27.16.

Figma (NYSE:FIG) last announced its earnings results on Thursday, May 14th. The company reported $0.10 earnings per share for the quarter, beating the consensus estimate of ($0.17) by $0.27. The business had revenue of $333.44 million for the quarter. Figma had a negative net margin of 123.83% and a negative return on equity of 98.51%. Figma’s quarterly revenue was up 46.1% compared to the same quarter last year. Analysts predict that Figma, Inc. will post -0.78 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on FIG. JPMorgan Chase & Co. reduced their price target 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. Royal Bank Of Canada reduced their price target on shares of Figma from $31.00 to $28.00 and set a “sector perform” rating on the stock in a research report on Friday, May 15th. Piper Sandler reiterated an “overweight” rating and set a $30.00 price objective (down from $35.00) on shares of Figma in a research report on Friday, May 15th. BTIG Research assumed coverage on shares of Figma in a research note on Monday, April 13th. They issued a “neutral” rating on the stock. Finally, Stifel Nicolaus set a $25.00 target price on shares of Figma 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 company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $38.63.

Insider Transactions at Figma

In other news, CRO Shaunt Voskanian sold 87,510 shares of the company’s stock in a transaction dated Wednesday, June 3rd. The shares were sold at an average price of $23.01, for a total value of $2,013,605.10. Following the transaction, the executive directly owned 1,781,380 shares in the company, valued at approximately $40,989,553.80. This represents a 4.68% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Dylan Field sold 174,430 shares of the company’s stock in a transaction dated Friday, May 29th. The stock was sold at an average price of $25.02, for a total transaction of $4,364,238.60. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 699,037 shares of company stock valued at $17,149,692. Company insiders own 45.20% of the company’s stock.

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.