Andrew Phillips Reed Purchases 554,103 Shares of Figma (NYSE:FIG) Stock

Figma, Inc. (NYSE:FIG) Director Andrew Phillips Reed bought 554,103 shares of the firm’s stock in a transaction on Friday, February 20th. The shares were acquired at an average price of $25.90 per share, for a total transaction of $14,351,267.70. Following the transaction, the director owned 554,103 shares in the company, valued at approximately $14,351,267.70. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

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

• On Monday, February 23rd, Andrew Phillips Reed purchased 912,749 shares of Figma stock. The stock was acquired at an average price of $24.30 per share, with a total value of $22,179,800.70.

Figma Price Performance

Shares of NYSE:FIG opened at $31.36 on Thursday. The business’s 50 day simple moving average is $30.43 and its 200 day simple moving average is $45.29. Figma, Inc. has a 1 year low of $19.85 and a 1 year high of $142.92. The company has a market capitalization of $13.83 billion and a P/E ratio of -10.05.

Figma (NYSE:FIG) last announced its quarterly earnings data on Wednesday, February 18th. The company reported $0.08 earnings per share for the quarter, beating the consensus estimate of ($0.20) by $0.28. The firm 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 revenue was up 40.1% on a year-over-year basis.

Hedge Funds Weigh In On Figma

Several large investors have recently modified their holdings of FIG. SC US Ttgp LTD. acquired a new position in Figma during the 3rd quarter worth about $1,310,305,000. ICONIQ Capital LLC bought a new position in shares of Figma during the 3rd quarter worth approximately $1,108,879,000. a16z Capital Management L.L.C. bought a new position in Figma during the third quarter worth $842,687,000. Viking Global Investors LP bought a new position in shares of Figma during the 4th quarter worth about $214,967,000. Finally, Durable Capital Partners LP bought a new position in Figma in the third quarter worth approximately $278,510,000.

Key Stories Impacting Figma

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.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the stock. JPMorgan Chase & Co. dropped their target price on shares of Figma from $65.00 to $60.00 and set a “neutral” rating for the company in a research report on Thursday, November 6th. Piper Sandler reissued an “overweight” rating and issued a $35.00 price objective on shares of Figma in a research note on Thursday, February 19th. Morgan Stanley set a $44.00 target price on Figma in a research note on Thursday, February 19th. Weiss Ratings reissued a “sell (e+)” rating on shares of Figma in a report on Monday, December 29th. Finally, Stifel Nicolaus lowered their target price on Figma from $40.00 to $30.00 and set a “hold” rating for the company in a research note on Thursday, February 19th. Four equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $43.25.

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.