Foundations Investment Advisors LLC Invests $17.50 Million in Figma, Inc. $FIG

Foundations Investment Advisors LLC bought a new position in Figma, Inc. (NYSE:FIG) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 468,166 shares of the company’s stock, valued at approximately $17,495,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Whittier Trust Co. of Nevada Inc. bought a new position in shares of Figma in the third quarter worth approximately $26,000. NewEdge Advisors LLC bought a new position in shares of Figma in the third quarter worth approximately $26,000. Concord Wealth Partners lifted its stake in shares of Figma by 1,446.8% in the fourth quarter. Concord Wealth Partners now owns 727 shares of the company’s stock worth $27,000 after buying an additional 680 shares in the last quarter. Harbour Investments Inc. lifted its stake in shares of Figma by 1,568.2% in the fourth quarter. Harbour Investments Inc. now owns 734 shares of the company’s stock worth $27,000 after buying an additional 690 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB bought a new position in shares of Figma in the third quarter worth approximately $27,000.

Insider Buying and Selling

In related news, CAO Tyler Herb sold 1,678 shares of the company’s stock in a transaction on Tuesday, March 3rd. The shares were sold at an average price of $28.47, for a total transaction of $47,772.66. Following the completion of the transaction, the chief accounting officer owned 188,913 shares in the company, valued at approximately $5,378,353.11. This represents a 0.88% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, General Counsel Brendan Mulligan sold 18,741 shares of the company’s stock in a transaction on Tuesday, May 19th. The stock was sold at an average price of $25.04, for a total transaction of $469,274.64. Following the transaction, the general counsel owned 987,986 shares of the company’s stock, valued at approximately $24,739,169.44. This represents a 1.86% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 537,099 shares of company stock worth $14,339,078. 45.20% of the stock is owned by insiders.

Figma Stock Performance

Shares of NYSE:FIG opened at $21.33 on Thursday. The firm has a fifty day moving average price of $20.67 and a 200 day moving average price of $28.37. Figma, Inc. has a fifty-two week low of $16.60 and a fifty-two week high of $142.92. The firm has a market cap of $9.51 billion and a price-to-earnings ratio of -6.22.

Figma (NYSE:FIG) last issued its earnings results on Thursday, May 14th. The company reported $0.10 earnings per share for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $333.44 million during the quarter. The business’s revenue for the quarter was up 46.1% compared to the same quarter last year. As a group, research analysts predict that Figma, Inc. will post -0.69 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. Royal Bank Of Canada reduced their target price on shares of Figma from $31.00 to $28.00 and set a “sector perform” rating for the company in a report on Friday, May 15th. Oppenheimer assumed coverage on shares of Figma in a report on Wednesday, March 25th. They set a “market perform” rating for the company. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Figma in a report on Tuesday, May 19th. Piper Sandler reaffirmed an “overweight” rating and set a $30.00 target price (down from $35.00) on shares of Figma in a report on Friday, May 15th. Finally, The Goldman Sachs Group set a $35.00 target price on shares of Figma in a report on Thursday, February 19th. Four analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Figma has an average rating of “Hold” and an average target price of $38.63.

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.