Figma, Inc. $FIG Position Boosted by HighTower Advisors LLC

HighTower Advisors LLC raised its holdings in shares of Figma, Inc. (NYSE:FIG) by 886.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 43,611 shares of the company’s stock after acquiring an additional 39,189 shares during the quarter. HighTower Advisors LLC’s holdings in Figma were worth $1,630,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. NewEdge Advisors LLC purchased a new position in Figma during the 3rd quarter valued at about $26,000. Concord Wealth Partners grew its stake in Figma by 1,446.8% during the 4th quarter. Concord Wealth Partners now owns 727 shares of the company’s stock valued at $27,000 after acquiring an additional 680 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new position in Figma during the 3rd quarter valued at about $27,000. Sunbelt Securities Inc. purchased a new position in Figma during the 3rd quarter valued at about $30,000. Finally, US Bancorp DE purchased a new position in Figma during the 3rd quarter valued at about $31,000.

Analyst Ratings Changes

Several equities analysts have weighed in on FIG shares. Wells Fargo & Company lowered their target price on Figma from $52.00 to $42.00 and set an “overweight” rating on the stock in a research note on Thursday, February 19th. Piper Sandler reaffirmed an “overweight” rating and set a $30.00 target price (down from $35.00) on shares of Figma in a research note on Friday, May 15th. JPMorgan Chase & Co. lowered their price target on Figma from $45.00 to $42.00 and set a “neutral” rating for the company in a research note on Friday, May 15th. Oppenheimer started coverage on Figma in a research note on Wednesday, March 25th. They issued a “market perform” rating for the company. Finally, Morgan Stanley lowered their price target on Figma from $44.00 to $38.00 and set an “equal weight” rating for the company in a research note on Friday, May 15th. Four research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Figma presently has an average rating of “Hold” and a consensus target price of $38.63.

Figma Stock Performance

Shares of NYSE FIG opened at $24.24 on Wednesday. The stock has a market cap of $10.80 billion and a price-to-earnings ratio of -7.07. The business has a 50 day simple moving average of $20.66 and a 200 day simple moving average of $27.97. Figma, Inc. has a 52 week low of $16.60 and a 52 week high of $142.92.

Figma (NYSE:FIG) last announced its quarterly earnings results on Thursday, May 14th. The company reported $0.10 EPS for the quarter, beating the consensus estimate of ($0.17) by $0.27. The business had revenue of $333.44 million during the quarter. Figma had a negative return on equity of 98.51% and a negative net margin of 123.83%.Figma’s revenue for the quarter was up 46.1% on a year-over-year basis. On average, analysts predict that Figma, Inc. will post -0.7 EPS for the current year.

Insiders Place Their Bets

In other Figma news, General Counsel Brendan Mulligan sold 18,741 shares of the company’s stock in a transaction that occurred on Tuesday, May 19th. The stock was sold at an average price of $25.04, for a total transaction of $469,274.64. Following the completion of the sale, the general counsel owned 987,986 shares of the company’s stock, valued at $24,739,169.44. This represents a 1.86% decrease in their ownership of the stock. The sale was disclosed in a document filed 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, CTO Kris Rasmussen sold 327,046 shares of the company’s stock in a transaction that occurred on Tuesday, May 19th. The stock was sold at an average price of $25.07, for a total value of $8,199,043.22. Following the sale, the chief technology officer directly owned 9,771,529 shares of the company’s stock, valued at $244,972,232.03. The trade was a 3.24% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 525,703 shares of company stock valued at $13,175,159 over the last 90 days.

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.