Figma, Inc. $FIG Shares Sold by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. decreased its position in Figma, Inc. (NYSE:FIG) by 29.3% during the third quarter, HoldingsChannel reports. The firm owned 932,919 shares of the company’s stock after selling 387,214 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in Figma were worth $19,610,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of FIG. Amova Asset Management Americas Inc. grew its stake in Figma by 641.4% in the 1st quarter. Amova Asset Management Americas Inc. now owns 1,467,887 shares of the company’s stock valued at $31,031,000 after buying an additional 1,269,900 shares during the last quarter. Greylock XIV GP LLC bought a new position in Figma in the 2nd quarter worth $1,056,824,403. Rokos Capital Management LLP bought a new position in Figma in the 1st quarter worth $4,414,000. Citizens Financial Group Inc. RI acquired a new position in Figma during the 1st quarter worth $3,429,000. Finally, Entropy Technologies LP acquired a new position in Figma during the 1st quarter worth $2,263,000.

Trending Headlines about Figma

Here are the key news stories impacting Figma this week:

• Positive Sentiment: Q3 revenue rose 42.8% year over year to $391.4 million, while adjusted earnings of $0.10 per share topped estimates. Figma also raised its 2026 revenue outlook to $1.497 billion–$1.499 billion and forecast Q4 revenue of $402 million–$404 million. Figma Q3 earnings report
• Positive Sentiment: Figma said repricing AI credits lifted user utilization by 40%, offering a potential path to monetize growing AI usage. The company is also developing its own design model, which could help it manage costs over time. Figma: 3 Key Takeaways for Long-Term Investors
• Neutral Sentiment: Two executives reported share sales: the transactions were made under pre-arranged Rule 10b5-1 plans, and each executive retained a substantial holding, tempering the signal from the sales. SEC filing
• Negative Sentiment: The main concern is that expanding AI features and models are expensive to deliver, potentially weighing on margins even as usage rises. That concern appears to have outweighed the earnings beat and stronger outlook in the market reaction. Figma stock falls as investors worry AI momentum comes at a high price
• Negative Sentiment: JPMorgan and Royal Bank of Canada each cut their price target to $24 from $28, while keeping neutral/sector-perform ratings. The reductions add to cautious sentiment following the results. JPMorgan analyst rating

Figma Trading Down 17.0%

Shares of FIG stock opened at $18.38 on Friday. Figma, Inc. has a 1 year low of $16.60 and a 1 year high of $46.79. The firm’s fifty day simple moving average is $22.85 and its 200 day simple moving average is $23.01. The firm has a market capitalization of $8.36 billion, a P/E ratio of -17.17 and a beta of 1.17.

Figma (NYSE:FIG) last released its earnings results on Wednesday, November 4th. The company reported $0.10 EPS for the quarter, beating the consensus estimate of ($0.22) by $0.32. Figma had a negative net margin of 40.21% and a negative return on equity of 33.14%. The firm had revenue of $391.42 million during the quarter. During the same quarter in the previous year, the company earned $0.10 earnings per share. Figma’s revenue for the quarter was up 42.8% compared to the same quarter last year. Equities research analysts anticipate that Figma, Inc. will post -0.75 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. Bank of America upped their price target on shares of Figma from $30.00 to $33.00 and gave the company a “buy” rating in a report on Wednesday, August 19th. KeyCorp assumed coverage on Figma in a research note on Monday, September 14th. They issued a “sector weight” rating on the stock. Wells Fargo & Company cut their price objective on Figma from $34.00 to $30.00 and set an “overweight” rating for the company in a research report on Monday, October 12th. Stifel Nicolaus cut their price objective on Figma from $25.00 to $22.00 and set a “hold” rating for the company in a research report on Wednesday, October 14th. Finally, Oppenheimer restated a “market perform” rating on shares of Figma in a research note on Thursday. Four investment analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $28.90.

Insider Activity at Figma

In other news, major shareholder Ventures Vi (Jersey) Lp Index sold 12,475 shares of the company’s stock in a transaction dated Monday, August 10th. The shares were sold at an average price of $25.39, for a total transaction of $316,740.25. Following the completion of the transaction, the insider owned 786,700 shares of the company’s stock, valued at approximately $19,974,313. This represents a 1.56% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Lynn Vojvodich Radakovich sold 20,266 shares of the stock in a transaction dated Thursday, October 15th. The shares were sold at an average price of $22.63, for a total transaction of $458,619.58. Following the completion of the sale, the director owned 84,809 shares of the company’s stock, valued at approximately $1,919,227.67. The trade was a 19.29% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 406,002 shares of company stock valued at $11,128,663. Company insiders own 32.26% of the company’s stock.

Figma Profile

Figma, Inc (NYSE: FIG) develops collaborative software for designing digital products and user experiences. Its browser-based platform enables teams to create, prototype, review and manage designs in real time, supporting collaboration among designers, developers, product managers and other stakeholders.

The company’s product portfolio includes Figma Design, a collaborative interface-design and prototyping tool; FigJam, an online whiteboard for brainstorming and planning; and Dev Mode, which helps developers inspect designs and translate them into software.