Capital International Investors Purchases Shares of 1,193,720 Figma, Inc. $FIG

Capital International Investors purchased a new stake in shares of Figma, Inc. (NYSE:FIG) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 1,193,720 shares of the company’s stock, valued at approximately $61,918,000. Capital International Investors owned about 0.29% of Figma as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently modified their holdings of FIG. Whittier Trust Co. of Nevada Inc. acquired a new stake in Figma in the third quarter valued at $26,000. US Bancorp DE acquired a new position in Figma during the 3rd quarter worth about $31,000. Montag A & Associates Inc. acquired a new position in Figma during the 3rd quarter worth about $33,000. SOA Wealth Advisors LLC. bought a new stake in shares of Figma in the 3rd quarter valued at about $39,000. Finally, Tripletail Wealth Management LLC bought a new stake in shares of Figma in the 3rd quarter valued at about $53,000.

Insider Activity at Figma

In other news, CEO Dylan Field sold 250,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 26th. The shares were sold at an average price of $30.80, for a total transaction of $7,700,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, General Counsel Brendan Mulligan sold 4,817 shares of Figma stock in a transaction on Tuesday, March 3rd. The shares were sold at an average price of $28.30, for a total transaction of $136,321.10. Following the completion of the sale, the general counsel owned 830,461 shares of the company’s stock, valued at $23,502,046.30. This represents a 0.58% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 1,967,427 shares of company stock worth $62,086,778. Corporate insiders own 45.20% of the company’s stock.

Figma Price Performance

Shares of Figma stock opened at $27.82 on Thursday. Figma, Inc. has a one year low of $19.85 and a one year high of $142.92. The stock’s 50-day moving average is $28.68 and its 200 day moving average is $41.93. The firm has a market cap of $12.27 billion and a price-to-earnings ratio of -8.92.

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

Analyst Upgrades and Downgrades

FIG has been the subject of a number of analyst reports. Barclays upgraded Figma to a “neutral” rating in a research report on Thursday, January 8th. Royal Bank Of Canada reduced their target price on Figma from $38.00 to $31.00 and set a “sector perform” rating on the stock in a report on Thursday, February 19th. Piper Sandler reissued an “overweight” rating and set a $35.00 target price on shares of Figma in a research report on Thursday, February 19th. Wall Street Zen upgraded shares of Figma from a “sell” rating to a “hold” rating in a report on Sunday, February 8th. Finally, Wells Fargo & Company dropped their price target on shares of Figma from $52.00 to $42.00 and set an “overweight” rating on the stock in a research report on Thursday, February 19th. Four equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Figma presently has a consensus rating of “Hold” and an average price target of $43.25.

Figma Company Profile

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.