Andrew Phillips Reed Acquires 912,749 Shares of Figma (NYSE:FIG) Stock

Figma, Inc. (NYSE:FIG) Director Andrew Phillips Reed acquired 912,749 shares of the company’s stock in a transaction that occurred on Monday, February 23rd. The shares were bought at an average price of $24.30 per share, with a total value of $22,179,800.70. Following the transaction, the director owned 1,466,852 shares in the company, valued at $35,644,503.60. This represents a 164.73% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Andrew Phillips Reed also recently made the following trade(s):

• On Friday, February 20th, Andrew Phillips Reed bought 554,103 shares of Figma stock. The stock was purchased at an average price of $25.90 per share, for a total transaction of $14,351,267.70.

Figma Price Performance

Figma stock opened at $31.36 on Thursday. The stock has a market capitalization of $13.83 billion and a P/E ratio of -10.05. Figma, Inc. has a 12-month low of $19.85 and a 12-month high of $142.92. The firm’s 50-day moving average is $30.43 and its two-hundred day moving average is $45.29.

Figma (NYSE:FIG) last announced its quarterly earnings data on Wednesday, February 18th. The company reported $0.08 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.20) by $0.28. Figma had a negative net margin of 121.87% and a negative return on equity of 97.03%. The business had revenue of $303.78 million for the quarter. Figma’s revenue for the quarter was up 40.1% compared to the same quarter last year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on FIG. Barclays raised Figma to a “neutral” rating in a research report on Thursday, January 8th. JPMorgan Chase & Co. dropped their price objective on shares of Figma from $65.00 to $60.00 and set a “neutral” rating for the company in a research note on Thursday, November 6th. Morgan Stanley set a $44.00 price objective on shares of Figma in a report on Thursday, February 19th. Stifel Nicolaus lowered their target price on shares of Figma from $40.00 to $30.00 and set a “hold” rating for the company in a report on Thursday, February 19th. Finally, Wells Fargo & Company cut their price target on shares of Figma from $52.00 to $42.00 and set an “overweight” rating on the stock in a research note on Thursday, February 19th. Four research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $43.25.

Hedge Funds Weigh In On Figma

Several hedge funds and other institutional investors have recently modified their holdings of the company. Alphabet Inc. purchased a new position in shares of Figma in the 3rd quarter valued at $11,182,000. Rit Capital Partners PLC purchased a new stake in Figma during the 3rd quarter worth $2,592,000. Sumitomo Mitsui Trust Group Inc. acquired a new stake in Figma in the 3rd quarter valued at $11,075,000. Rakuten Investment Management Inc. purchased a new position in Figma in the third quarter valued at about $4,425,000. Finally, IQ EQ FUND MANAGEMENT IRELAND Ltd purchased a new position in Figma in the third quarter valued at about $3,594,000.

Figma News Summary

Here are the key news stories impacting Figma this week:

• Positive Sentiment: Large insider purchases: Director Andrew Phillips Reed disclosed purchases totaling ~1.47M shares (~$36M at reported prices) across Feb. 20–23, a strong signal of insider confidence that likely attracted buyer interest. Read More.
• Positive Sentiment: ARK Invest buying: Cathie Wood’s ARK funds added roughly $11.8M of FIG, boosting momentum from growth-focused institutional demand. Read More.
• Positive Sentiment: Recent quarterly beat: Figma posted an EPS beat and +40% revenue year‑over‑year, reinforcing the growth narrative that supports higher multiple expectations for software names. Read More.
• Neutral Sentiment: AI pricing ambiguity: Coverage of Figma’s new AI pricing highlights a tradeoff — it could lift monetization if adopted, or suppress usage if too restrictive; investors are parsing the details. Read More.
• Neutral Sentiment: Routine insider selling: Small disclosed sales by executives (e.g., General Counsel Brendan Mulligan) appear to be diversification rather than a change in company outlook and are immaterial relative to large director buys. Read More.
• Negative Sentiment: Short interest jump: Short interest rose ~47.5% in February to ~28.6M shares (~6.5% of shares), increasing bearish positioning that can amplify downside on negative news. (Days-to-cover ≈ 1.7.)
• Negative Sentiment: Analyst target cuts & consensus “Hold”: Several firms trimmed price targets and the consensus remains a Hold with mid‑$40s average targets, which may cap near‑term upside for momentum traders. Read More.

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.