Amova Asset Management Americas Inc. Has $31.03 Million Stock Holdings in Figma, Inc. $FIG

Amova Asset Management Americas Inc. grew its position in Figma, Inc. (NYSE:FIG) by 641.4% during the first quarter, HoldingsChannel reports. The firm owned 1,467,887 shares of the company’s stock after buying an additional 1,269,900 shares during the quarter. Amova Asset Management Americas Inc.’s holdings in Figma were worth $31,031,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Allen Operations LLC boosted its holdings in shares of Figma by 4.3% during the 1st quarter. Allen Operations LLC now owns 19,596 shares of the company’s stock worth $414,000 after buying an additional 813 shares during the period. Dimensional Fund Advisors LP bought a new position in Figma in the 1st quarter worth $1,693,000. Parallel Advisors LLC lifted its position in Figma by 3,890.0% during the 1st quarter. Parallel Advisors LLC now owns 1,197 shares of the company’s stock worth $25,000 after acquiring an additional 1,167 shares during the last quarter. Quadrant Private Wealth Management LLC acquired a new position in Figma during the 1st quarter worth $1,418,000. Finally, Wealthfront Advisers LLC bought a new stake in Figma during the first quarter valued at about $281,000.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on FIG shares. Oppenheimer reaffirmed a “market perform” rating on shares of Figma in a research report on Thursday, June 25th. Royal Bank Of Canada decreased their target price on Figma from $28.00 to $22.00 and set a “sector perform” rating for the company in a research note on Thursday, June 25th. Wells Fargo & Company lowered their target price on Figma from $42.00 to $36.00 and set an “overweight” rating on the stock in a report on Friday, June 26th. Stifel Nicolaus set a $25.00 price target on Figma in a research report on Friday, May 15th. Finally, Citigroup began coverage on Figma in a report on Wednesday, June 17th. They set a “buy” rating and a $36.00 price target for the company. Five equities 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, the company currently has an average rating of “Hold” and an average price target of $32.67.

Insider Activity at Figma

In other news, CRO Shaunt Voskanian sold 8,629 shares of the business’s stock in a transaction that occurred on Monday, July 6th. The stock was sold at an average price of $20.62, for a total transaction of $177,929.98. Following the sale, the executive directly owned 1,764,672 shares in the company, valued at approximately $36,387,536.64. The trade was a 0.49% 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 on Friday, May 29th. The shares were sold at an average price of $25.02, for a total value 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. Insiders have sold 733,309 shares of company stock worth $17,824,756 in the last three months. Company insiders own 32.26% of the company’s stock.

Figma Stock Performance

NYSE FIG opened at $24.06 on Tuesday. Figma, Inc. has a twelve month low of $16.60 and a twelve month high of $142.92. The stock has a market cap of $10.72 billion and a PE ratio of -7.02. The firm has a 50-day simple moving average of $21.28 and a 200 day simple moving average of $23.85.

Figma (NYSE:FIG) last issued 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%.The business’s revenue for the quarter was up 46.1% compared to the same quarter last year. Research analysts forecast that Figma, Inc. will post -0.79 earnings per share for the current fiscal year.

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.