Headwater Capital Co Ltd Purchases Shares of 520,000 Figma, Inc. $FIG

Headwater Capital Co Ltd purchased a new stake in Figma, Inc. (NYSE:FIG) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 520,000 shares of the company’s stock, valued at approximately $19,432,000. Figma accounts for 3.7% of Headwater Capital Co Ltd’s holdings, making the stock its 9th biggest position. Headwater Capital Co Ltd owned approximately 0.13% of Figma at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. NewEdge Advisors LLC purchased a new stake in Figma in the 3rd quarter valued at about $26,000. Concord Wealth Partners grew its holdings in Figma by 1,446.8% in the 4th quarter. Concord Wealth Partners now owns 727 shares of the company’s stock valued at $27,000 after buying an additional 680 shares during the period. Harbour Investments Inc. grew its holdings in Figma by 1,568.2% in the 4th 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 period. Wilmington Savings Fund Society FSB purchased a new stake in Figma in the 3rd quarter valued at about $27,000. Finally, Sunbelt Securities Inc. purchased a new stake in Figma in the 3rd quarter valued at about $30,000.

Analyst Ratings Changes

Several research firms have commented on FIG. Weiss Ratings restated a “sell (e+)” rating on shares of Figma in a report on Tuesday, May 19th. Wells Fargo & Company decreased their target price on Figma from $52.00 to $42.00 and set an “overweight” rating for the company in a report on Thursday, February 19th. Morgan Stanley decreased their target price on Figma from $44.00 to $38.00 and set an “equal weight” rating for the company in a report on Friday, May 15th. Royal Bank Of Canada decreased their target price on Figma from $31.00 to $28.00 and set a “sector perform” rating for the company in a report on Friday, May 15th. Finally, Piper Sandler reiterated 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. Four equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $38.63.

Figma Stock Down 2.1%

NYSE FIG opened at $19.37 on Friday. The stock has a market cap of $8.63 billion and a PE ratio of -5.65. 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 price of $20.63 and a two-hundred day moving average price of $27.06.

Figma (NYSE:FIG) last released its quarterly 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. The firm 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% on a year-over-year basis. Sell-side analysts anticipate that Figma, Inc. will post -0.78 EPS for the current fiscal year.

Insider Transactions at Figma

In other Figma news, CFO Praveer Melwani sold 83,974 shares of the company’s stock in a transaction that occurred on Wednesday, June 3rd. The stock was 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 in the company, valued at $39,825,276.48. This represents a 4.58% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, General Counsel Brendan Mulligan sold 18,741 shares of the company’s stock in a transaction that occurred on Tuesday, May 19th. The stock was 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 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. Insiders have sold 699,037 shares of company stock worth $17,149,692 over the last 90 days. 45.20% of the stock is owned by corporate insiders.

About Figma

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.