Ardmore Road Asset Management LP Buys New Position in Figma, Inc. $FIG

Ardmore Road Asset Management LP bought a new stake in Figma, Inc. (NYSE:FIG) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 400,000 shares of the company’s stock, valued at approximately $8,456,000.

A number of other large investors also recently modified their holdings of FIG. Parallel Advisors LLC boosted its position in shares of Figma by 3,890.0% in the first quarter. Parallel Advisors LLC now owns 1,197 shares of the company’s stock valued at $25,000 after acquiring an additional 1,167 shares during the period. NewEdge Advisors LLC acquired a new stake in Figma in the 3rd quarter worth $26,000. DV Equities LLC bought a new position in shares of Figma during the 4th quarter worth about $26,000. Concord Wealth Partners increased its holdings in shares of Figma by 1,446.8% during the 4th quarter. Concord Wealth Partners now owns 727 shares of the company’s stock worth $27,000 after purchasing an additional 680 shares during the period. Finally, Harbour Investments Inc. raised its position in shares of Figma by 1,568.2% during the fourth quarter. Harbour Investments Inc. now owns 734 shares of the company’s stock valued at $27,000 after buying an additional 690 shares during the last quarter.

Insider Buying and Selling at Figma

In related news, CFO Praveer Melwani sold 30,460 shares of the stock in a transaction that occurred on Monday, July 6th. The shares were sold at an average price of $20.48, for a total value of $623,820.80. Following the sale, the chief financial officer directly owned 1,711,526 shares in the company, valued at $35,052,052.48. This trade represents a 1.75% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Dylan Field sold 174,430 shares of Figma stock in a transaction dated Friday, May 29th. The shares were sold at an average price of $25.02, for a total value of $4,364,238.60. 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 sold 733,309 shares of company stock valued at $17,824,756 over the last quarter. 32.26% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the stock. Oppenheimer reiterated a “market perform” rating on shares of Figma in a research note on Thursday, June 25th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Figma in a report on Tuesday, May 19th. Piper Sandler reiterated an “overweight” rating and issued a $30.00 price objective on shares of Figma in a research report on Thursday, June 25th. Wells Fargo & Company decreased their price objective on Figma from $42.00 to $36.00 and set an “overweight” rating on the stock in a report on Friday, June 26th. Finally, Citigroup lowered their price objective on Figma from $36.00 to $35.00 and set a “buy” rating on the stock in a research report on Friday. Five analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $32.56.

Figma Stock Performance

FIG opened at $21.18 on Monday. The firm has a market cap of $9.44 billion and a price-to-earnings ratio of -6.17. Figma, Inc. has a twelve month low of $16.60 and a twelve month high of $142.92. The firm’s 50-day simple moving average is $21.35 and its 200-day simple moving average is $23.39.

Figma (NYSE:FIG) last announced its earnings results on Thursday, May 14th. The company reported $0.10 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.17) by $0.27. The company had revenue of $333.44 million during the quarter. Figma had a negative return on equity of 98.51% and a negative net margin of 123.83%.The business’s revenue was up 46.1% compared to the same quarter last year. As a group, sell-side analysts anticipate that Figma, Inc. will post -0.79 EPS for the current fiscal year.

Figma 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.