23,819 Shares in Figma, Inc. $FIG Bought by Signaturefd LLC

Signaturefd LLC purchased a new position in Figma, Inc. (NYSE:FIG) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 23,819 shares of the company’s stock, valued at approximately $1,235,000.

Several other institutional investors have also recently made changes to their positions in the stock. SOA Wealth Advisors LLC. bought a new position in shares of Figma during the 3rd quarter worth about $39,000. Renaissance Capital LLC bought a new position in Figma in the third quarter worth approximately $2,439,000. Tripletail Wealth Management LLC acquired a new stake in Figma in the third quarter valued at approximately $53,000. VERITY Wealth Advisors bought a new stake in shares of Figma during the third quarter valued at approximately $519,000. Finally, Voya Investment Management LLC acquired a new position in shares of Figma during the third quarter worth approximately $3,412,000.

Figma Price Performance

FIG opened at $37.62 on Monday. Figma, Inc. has a fifty-two week low of $32.83 and a fifty-two week high of $142.92. The company has a market capitalization of $15.65 billion and a price-to-earnings ratio of -14.04. The firm’s 50-day moving average price is $39.93.

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

Insider Buying and Selling at Figma

In other Figma news, CEO Dylan Field sold 250,000 shares of the business’s stock in a transaction on Monday, December 15th. The stock was sold at an average price of $34.66, for a total value of $8,665,000.00. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Praveer Melwani sold 12,714 shares of the firm’s stock in a transaction on Monday, December 22nd. The shares were sold at an average price of $40.01, for a total value of $508,687.14. Following the sale, the chief financial officer directly owned 1,578,425 shares of the company’s stock, valued at approximately $63,152,784.25. This represents a 0.80% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 4,954,256 shares of company stock valued at $189,878,277 in the last ninety days.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. Piper Sandler reduced their price target on shares of Figma from $85.00 to $70.00 and set an “overweight” rating for the company in a research report on Thursday, November 6th. The Goldman Sachs Group raised their price objective on shares of Figma from $49.00 to $54.00 and gave the company a “neutral” rating in a research note on Friday, November 7th. Weiss Ratings reissued 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 on the stock in a research report on Thursday, November 6th. Finally, Wells Fargo & Company decreased their price objective on Figma from $70.00 to $52.00 and set an “equal weight” rating for the company in a report on Wednesday, November 5th. Three investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $62.86.

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.