22,960 Shares of Figma, Inc. $FIG Bought by Zevenbergen Capital Investments LLC

Zevenbergen Capital Investments LLC purchased a new position in shares of Figma, Inc. (NYSE:FIG) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 22,960 shares of the company’s stock, valued at approximately $483,000.

Several other hedge funds have also recently modified their holdings of FIG. Bienville Capital Management LLC purchased a new position in shares of Figma in the 2nd quarter valued at approximately $13,325,000. WINTON GROUP Ltd purchased a new stake in Figma during the 2nd quarter worth approximately $340,000. Engineers Gate Manager LP grew its holdings in shares of Figma by 1,806.3% during the second quarter. Engineers Gate Manager LP now owns 316,215 shares of the company’s stock valued at $5,720,000 after buying an additional 299,627 shares during the last quarter. RFG Advisory LLC raised its stake in Figma by 23.3% in the 2nd quarter. RFG Advisory LLC now owns 18,622 shares of the company’s stock worth $337,000 after acquiring an additional 3,522 shares during the last quarter. Finally, IFP Advisors Inc lifted its position in Figma by 176.1% during the 2nd quarter. IFP Advisors Inc now owns 4,327 shares of the company’s stock worth $78,000 after acquiring an additional 2,760 shares during the period.

Insider Activity

In other news, major shareholder Ventures Vi (Jersey) Lp Index sold 12,475 shares of the stock in a transaction that occurred on Monday, August 10th. The shares were sold at an average price of $25.39, for a total value of $316,740.25. Following the completion of the sale, the insider owned 786,700 shares of the company’s stock, valued at $19,974,313. This represents a 1.56% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CAO Tyler Herb sold 1,418 shares of the firm’s stock in a transaction that occurred on Monday, October 5th. The stock was sold at an average price of $21.62, for a total transaction of $30,657.16. Following the sale, the chief accounting officer owned 246,130 shares of the company’s stock, valued at $5,321,330.60. This represents a 0.57% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 1,315,299 shares of company stock valued at $34,303,773 in the last quarter. Insiders own 32.26% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on FIG shares. Citigroup raised their price objective on shares of Figma from $35.00 to $37.00 and gave the stock a “buy” rating in a research note on Friday, August 7th. KeyCorp initiated coverage on shares of Figma in a report on Monday, September 14th. They set a “sector weight” rating on the stock. Oppenheimer restated a “market perform” rating on shares of Figma in a research report on Thursday, June 25th. Royal Bank Of Canada reiterated a “sector perform” rating on shares of Figma in a research report on Thursday, August 6th. Finally, Weiss Ratings upgraded Figma from a “sell (e+)” rating to a “sell (d-)” rating in a report on Tuesday. Four analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Figma has an average rating of “Hold” and a consensus price target of $32.56.

Figma Trading Up 4.6%

NYSE FIG traded up $0.98 on Thursday, reaching $22.61. 10,542,595 shares of the company were exchanged, compared to its average volume of 17,333,043. The business’s fifty day moving average price is $24.28 and its 200 day moving average price is $22.04. The stock has a market capitalization of $10.29 billion, a P/E ratio of -6.21 and a beta of 1.32. Figma, Inc. has a fifty-two week low of $16.60 and a fifty-two week high of $70.79.

Figma (NYSE:FIG) last issued its earnings results on Wednesday, August 5th. The company reported $0.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.22) by $0.30. The business had revenue of $370.08 million during the quarter. Figma had a negative return on equity of 100.03% and a negative net margin of 123.15%.The firm’s revenue was up 48.2% compared to the same quarter last year. During the same period last year, the business earned $0.09 earnings per share. Equities research analysts forecast that Figma, Inc. will post -0.75 earnings per share for the current year.

About Figma

Figma, Inc is a collaborative software company that provides browser-based tools for designing, prototyping and developing digital products. Its platform enables product designers, developers, researchers, marketers and other stakeholders to work together on user interfaces and digital experiences in real time.

The company’s product portfolio includes Figma Design for interface design and prototyping, FigJam for collaborative brainstorming and whiteboarding, and Dev Mode, which helps developers inspect designs and translate them into working products.