468,166 Shares in Figma, Inc. $FIG Bought by Foundations Investment Advisors LLC

Foundations Investment Advisors LLC bought a new position in Figma, Inc. (NYSE:FIG) during the fourth quarter, according to the company in its most recent filing with the SEC. The firm bought 468,166 shares of the company’s stock, valued at approximately $17,495,000. Foundations Investment Advisors LLC owned 0.11% of Figma as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the business. Whittier Trust Co. of Nevada Inc. purchased a new position in shares of Figma in the third quarter valued at about $26,000. NewEdge Advisors LLC purchased a new position in shares of Figma in the third quarter valued at about $26,000. Wilmington Savings Fund Society FSB purchased a new position in shares of Figma in the third quarter valued at about $27,000. Sunbelt Securities Inc. purchased a new position in shares of Figma in the third quarter valued at about $30,000. Finally, North Star Investment Management Corp. increased its position in shares of Figma by 50.0% in the fourth quarter. North Star Investment Management Corp. now owns 1,800 shares of the company’s stock valued at $67,000 after acquiring an additional 600 shares during the period.

Analysts Set New Price Targets

A number of research firms have issued reports on FIG. Wall Street Zen upgraded shares of Figma from a “sell” rating to a “hold” rating in a research report on Sunday, February 8th. JPMorgan Chase & Co. decreased their price objective 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. Morgan Stanley decreased their price objective on shares of Figma from $44.00 to $38.00 and set an “equal weight” rating on the stock in a research report on Friday, May 15th. Stifel Nicolaus set a $25.00 price objective on shares of Figma in a research report on Friday, May 15th. Finally, Weiss Ratings restated a “sell (e+)” rating on shares of Figma in a research report on Tuesday, May 19th. Four investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $38.63.

Insider Buying and Selling

In related news, CTO Kris Rasmussen sold 327,046 shares of the business’s stock in a transaction dated 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 sale, 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 ownership of the stock. The transaction 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, General Counsel Brendan Mulligan sold 18,741 shares of the business’s stock in a transaction dated Tuesday, May 19th. The stock was sold at an average price of $25.04, for a total transaction of $469,274.64. Following the sale, the general counsel directly owned 987,986 shares in the company, valued at $24,739,169.44. The trade was a 1.86% 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 537,099 shares of company stock valued at $14,339,078 over the last quarter. Corporate insiders own 45.20% of the company’s stock.

Figma Price Performance

NYSE:FIG opened at $21.33 on Thursday. Figma, Inc. has a one year low of $16.60 and a one year high of $142.92. The company’s 50-day simple moving average is $20.67 and its 200 day simple moving average is $28.37. The firm has a market capitalization of $9.51 billion and a P/E ratio of -6.22.

Figma (NYSE:FIG) last posted its quarterly earnings data on Thursday, May 14th. The company reported $0.10 EPS for the quarter, topping the consensus estimate 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. Figma’s quarterly revenue was up 46.1% compared to the same quarter last year. On average, equities research analysts expect that Figma, Inc. will post -0.69 earnings per share 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.