Dumont & Blake Investment Advisors LLC Buys New Position in Figma, Inc. $FIG

Dumont & Blake Investment Advisors LLC purchased a new stake in Figma, Inc. (NYSE:FIG) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 27,950 shares of the company’s stock, valued at approximately $591,000.

Several other large investors have also bought and sold shares of the stock. ICONIQ Capital LLC bought a new stake in shares of Figma in the 3rd quarter worth $1,108,879,000. a16z Capital Management L.L.C. purchased a new position in Figma during the third quarter worth about $842,687,000. JPMorgan Chase & Co. grew its position in Figma by 119.4% in the 4th quarter. JPMorgan Chase & Co. now owns 6,643,939 shares of the company’s stock worth $248,284,000 after purchasing an additional 3,615,198 shares in the last quarter. Baillie Gifford & Co. grew its position in Figma by 93.8% in the 4th quarter. Baillie Gifford & Co. now owns 5,763,613 shares of the company’s stock worth $215,386,000 after purchasing an additional 2,789,986 shares in the last quarter. Finally, Viking Global Investors LP purchased a new stake in Figma in the 4th quarter valued at about $214,967,000.

Key Figma News

Here are the key news stories impacting Figma this week:

• Positive Sentiment: Bank of America resumed coverage on Figma (FIG) with a Buy rating and $30 target, implying meaningful upside from current levels and helping drive bullish sentiment. Figma shares rise as Bank of America resumes coverage with a ‘Buy’ rating
• Positive Sentiment: BofA’s thesis says AI could improve Figma’s competitive moat and support additional growth, which is being interpreted as a favorable long-term catalyst for the stock. Figma stock jumps 6% as BofA backs AI outlook
• Neutral Sentiment: Additional coverage and commentary from other outlets reinforced the same theme: analysts are increasingly viewing FIG as a potential AI beneficiary rather than a company at risk from AI disruption. BofA reinstates Figma at Buy, says AI turning into a ’growth catalyst’

Analysts Set New Price Targets

A number of brokerages have recently weighed in on FIG. Oppenheimer restated a “market perform” rating on shares of Figma in a research note on Thursday, June 25th. Royal Bank Of Canada dropped their price target on Figma from $28.00 to $22.00 and set a “sector perform” rating on the stock in a report on Thursday, June 25th. JPMorgan Chase & Co. cut their price objective on Figma from $45.00 to $42.00 and set a “neutral” rating on the stock in a research report on Friday, May 15th. Citigroup initiated coverage on Figma in a research report on Wednesday, June 17th. They set a “buy” rating and a $36.00 target price for the company. Finally, BTIG Research assumed coverage on Figma in a research note on Monday, April 13th. They set a “neutral” rating on the stock. Five analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $32.67.

Insider Buying and Selling

In related news, General Counsel Brendan Mulligan sold 18,741 shares of the firm’s stock in a transaction that occurred on Tuesday, May 19th. The shares were sold at an average price of $25.04, for a total value of $469,274.64. Following the completion of the transaction, the general counsel directly owned 987,986 shares of the company’s stock, valued at approximately $24,739,169.44. This trade represents a 1.86% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Praveer Melwani sold 83,974 shares of Figma stock in a transaction on Wednesday, June 3rd. The shares were sold at an average price of $22.77, for a total value of $1,912,087.98. Following the completion of the transaction, the chief financial officer owned 1,749,024 shares of the company’s stock, valued at approximately $39,825,276.48. This trade represents a 4.58% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 694,220 shares of company stock worth $17,023,005 in the last 90 days.

Figma Stock Performance

Shares of FIG opened at $22.17 on Wednesday. Figma, Inc. has a fifty-two week low of $16.60 and a fifty-two week high of $142.92. The business has a 50-day moving average of $20.51 and a 200 day moving average of $24.82. The firm has a market cap of $9.88 billion and a P/E ratio of -6.46.

Figma (NYSE:FIG) last released its quarterly earnings data on Thursday, May 14th. The company reported $0.10 EPS 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%. The firm’s revenue was up 46.1% compared to the same quarter last year. As a group, research analysts predict that Figma, Inc. will post -0.78 earnings per share for the current fiscal year.

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.