GC Wealth Management RIA LLC Takes Position in Figma, Inc. $FIG

GC Wealth Management RIA LLC purchased a new stake in shares of Figma, Inc. (NYSE:FIG) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 53,832 shares of the company’s stock, valued at approximately $1,138,000.

Other institutional investors also recently bought and sold shares of the company. Parallel Advisors LLC lifted its holdings in Figma by 3,890.0% in the first quarter. Parallel Advisors LLC now owns 1,197 shares of the company’s stock worth $25,000 after buying an additional 1,167 shares during the period. NewEdge Advisors LLC purchased a new position in shares of Figma during the 3rd quarter worth approximately $26,000. DV Equities LLC bought a new position in shares of Figma in the 4th quarter worth approximately $26,000. Concord Wealth Partners lifted its stake in shares of 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 purchasing an additional 680 shares during the period. Finally, Harbour Investments Inc. lifted its stake in shares of 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 purchasing an additional 690 shares during the period.

Figma Stock Up 5.9%

Shares of FIG opened at $21.18 on Friday. The business’s 50 day moving average price is $21.35 and its 200-day moving average price is $23.49. Figma, Inc. has a 52 week low of $16.60 and a 52 week high of $142.92. The stock has a market cap of $9.44 billion and a P/E ratio of -6.17.

Figma (NYSE:FIG) last posted its quarterly earnings results on Thursday, May 14th. The company reported $0.10 earnings per share for the quarter, topping the consensus estimate of ($0.17) by $0.27. Figma had a negative return on equity of 98.51% and a negative net margin of 123.83%.The company had revenue of $333.44 million for the quarter. The business’s quarterly revenue was up 46.1% on a year-over-year basis. On average, equities analysts anticipate that Figma, Inc. will post -0.79 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on FIG shares. Weiss Ratings restated a “sell (e+)” rating on shares of Figma in a research report on Tuesday, May 19th. Wells Fargo & Company decreased their price objective on Figma from $42.00 to $36.00 and set an “overweight” rating for the company in a report on Friday, June 26th. Citigroup lowered their price objective on Figma from $36.00 to $35.00 and set a “buy” rating for the company in a research report on Friday. Royal Bank Of Canada dropped their target price on shares of Figma from $28.00 to $22.00 and set a “sector perform” rating on the stock in a report on Thursday, June 25th. Finally, Stifel Nicolaus set a $25.00 target price on shares of Figma in a research report on Friday, May 15th. Five equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $32.56.

Insiders Place Their Bets

In other news, CAO Tyler Herb sold 1,850 shares of the firm’s stock in a transaction on Monday, June 1st. The stock was sold at an average price of $26.40, for a total transaction of $48,840.00. Following the completion of the transaction, the chief accounting officer directly owned 263,435 shares in the company, valued at $6,954,684. This trade represents a 0.70% decrease in their ownership of the stock. The sale 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Praveer Melwani sold 30,460 shares of Figma stock in a transaction dated Monday, July 6th. The stock was sold at an average price of $20.48, for a total value of $623,820.80. Following the completion of the transaction, the chief financial officer directly owned 1,711,526 shares of the company’s stock, valued at approximately $35,052,052.48. This represents a 1.75% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 733,309 shares of company stock valued at $17,824,756. Company insiders own 32.26% of the company’s stock.

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.