SG Americas Securities LLC Buys New Shares in Figma, Inc. $FIG

SG Americas Securities LLC purchased a new stake in Figma, Inc. (NYSE:FIG) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 112,110 shares of the company’s stock, valued at approximately $5,815,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. SOA Wealth Advisors LLC. bought a new stake in shares of Figma in the third quarter valued at about $39,000. Tripletail Wealth Management LLC acquired a new position in Figma in the 3rd quarter valued at approximately $53,000. CoreCap Advisors LLC acquired a new position in Figma in the 3rd quarter valued at approximately $57,000. North Star Investment Management Corp. bought a new stake in shares of Figma in the 3rd quarter worth approximately $62,000. Finally, VERITY Wealth Advisors acquired a new stake in shares of Figma during the 3rd quarter worth approximately $519,000.

Insiders Place Their Bets

In other Figma news, CEO Dylan Field sold 3,029,063 shares of the business’s stock in a transaction on Monday, November 17th. The stock was sold at an average price of $37.30, for a total value of $112,984,049.90. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CRO Shaunt Voskanian sold 403,335 shares of the stock in a transaction on Monday, November 10th. The stock was sold at an average price of $43.39, for a total value of $17,500,705.65. Following the sale, the executive owned 1,617,326 shares in the company, valued at $70,175,775.14. The trade was a 19.96% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 5,191,822 shares of company stock valued at $198,725,671 over the last quarter. 45.20% of the stock is owned by insiders.

Figma Trading Down 0.1%

FIG opened at $37.22 on Friday. The company has a market cap of $15.48 billion and a price-to-earnings ratio of -13.89. The stock has a 50-day moving average price of $38.56. Figma, Inc. has a twelve month low of $32.83 and a twelve month high of $142.92.

Figma (NYSE:FIG) last released its quarterly earnings results on Wednesday, November 5th. The company reported $0.10 EPS for the quarter, beating analysts’ consensus estimates of ($1.56) by $1.66. The firm had revenue of $274.17 million for the quarter. Figma had a negative net margin of 99.32% and a negative return on equity of 84.34%. Figma’s quarterly revenue was up 38.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.04 earnings per share.

Wall Street Analyst Weigh In

FIG has been the subject of several research reports. Wells Fargo & Company raised Figma from an “equal weight” rating to an “overweight” rating and set a $52.00 target price for the company in a research report on Thursday. Barclays upgraded shares of Figma to a “neutral” rating in a research note on Thursday. Weiss Ratings reiterated a “sell (e+)” rating on shares of Figma in a research report on Monday, December 29th. JPMorgan Chase & Co. dropped their price target on shares of Figma from $65.00 to $60.00 and set a “neutral” rating for the company in a research report on Thursday, November 6th. Finally, Royal Bank Of Canada decreased their price objective on Figma from $65.00 to $38.00 and set a “sector perform” rating on the stock in a report on Monday, January 5th. Four investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $56.63.

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.