Headwater Capital Co Ltd Takes Position in Figma, Inc. $FIG

Headwater Capital Co Ltd acquired a new stake in shares of Figma, Inc. (NYSE:FIG) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 520,000 shares of the company’s stock, valued at approximately $19,432,000. Figma comprises approximately 2.8% of Headwater Capital Co Ltd’s portfolio, making the stock its 10th biggest holding. Headwater Capital Co Ltd owned about 0.13% of Figma at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of FIG. Jones Financial Companies Lllp acquired a new position in shares of Figma during the 3rd quarter valued at about $107,000. Vanguard Group Inc. acquired a new position in shares of Figma during the 3rd quarter valued at about $2,282,000. Greenland Capital Management LP acquired a new position in shares of Figma during the 3rd quarter valued at about $288,000. US Bancorp DE acquired a new position in shares of Figma during the 3rd quarter valued at about $31,000. Finally, Lansing Street Advisors acquired a new position in shares of Figma during the 3rd quarter valued at about $623,000.

Figma Stock Performance

FIG opened at $17.99 on Wednesday. The firm has a 50 day moving average price of $20.47 and a 200 day moving average price of $26.69. The company has a market cap of $8.02 billion and a PE ratio of -5.24. Figma, Inc. has a 1 year low of $16.60 and a 1 year high of $142.92.

Figma (NYSE:FIG) last posted its earnings results on Thursday, May 14th. The company reported $0.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.17) by $0.27. Figma had a negative net margin of 123.83% and a negative return on equity of 98.51%. The firm had revenue of $333.44 million during the quarter. Figma’s revenue was up 46.1% on a year-over-year basis. On average, sell-side analysts predict that Figma, Inc. will post -0.78 earnings per share for the current year.

Insider Buying and Selling

In other Figma news, CFO Praveer Melwani sold 83,974 shares of the stock in a transaction that occurred on Wednesday, June 3rd. The shares were sold at an average price of $22.77, for a total value of $1,912,087.98. Following the completion of the sale, the chief financial officer owned 1,749,024 shares of the company’s stock, valued at $39,825,276.48. This trade represents a 4.58% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CRO Shaunt Voskanian sold 87,510 shares of the stock in a transaction that occurred on Wednesday, June 3rd. The shares were sold at an average price of $23.01, for a total transaction of $2,013,605.10. Following the completion of the sale, the executive directly owned 1,781,380 shares of the company’s stock, valued at $40,989,553.80. This trade represents a 4.68% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 694,220 shares of company stock valued at $17,023,005 over the last three months.

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Figma in a research note on Tuesday, May 19th. Royal Bank Of Canada dropped their target price on shares of Figma from $31.00 to $28.00 and set a “sector perform” rating for the company in a research report on Friday, May 15th. BTIG Research assumed coverage on shares of Figma in a research report on Monday, April 13th. They set a “neutral” rating for the company. The Goldman Sachs Group set a $35.00 target price on shares of Figma in a research report on Thursday, February 19th. Finally, Morgan Stanley dropped their target price on shares of Figma from $44.00 to $38.00 and set an “equal weight” rating for the company in a research report on Friday, May 15th. Four analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $38.63.

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.