Siren L.L.C. Raises Stake in Figma, Inc. $FIG

Siren L.L.C. lifted its stake in shares of Figma, Inc. (NYSE:FIG) by 100.0% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 50,000 shares of the company’s stock after purchasing an additional 25,000 shares during the quarter. Siren L.L.C.’s holdings in Figma were worth $1,057,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the stock. Capula Management Ltd lifted its stake in shares of Figma by 48.8% in the first quarter. Capula Management Ltd now owns 31,900 shares of the company’s stock valued at $674,000 after purchasing an additional 10,465 shares during the period. Sei Investments Co. grew its position in Figma by 102.9% during the first quarter. Sei Investments Co. now owns 72,700 shares of the company’s stock worth $1,537,000 after buying an additional 36,863 shares during the period. First Trust Advisors LP acquired a new position in Figma during the first quarter worth about $11,854,000. Atlantic Private Wealth LLC purchased a new position in Figma in the first quarter valued at about $74,000. Finally, Resolute Advisors LLC lifted its position in shares of Figma by 303.3% during the 1st quarter. Resolute Advisors LLC now owns 25,813 shares of the company’s stock valued at $546,000 after acquiring an additional 19,413 shares during the period.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the company. Oppenheimer reissued a “market perform” rating on shares of Figma in a research note on Thursday, June 25th. Wells Fargo & Company reduced their price objective on Figma from $42.00 to $36.00 and set an “overweight” rating for the company in a report on Friday, June 26th. Citigroup began coverage on Figma in a report on Wednesday, June 17th. They set a “buy” rating and a $36.00 price objective for the company. Weiss Ratings reiterated a “sell (e+)” rating on shares of Figma in a research report on Tuesday, May 19th. Finally, JPMorgan Chase & Co. lowered their target price on Figma from $45.00 to $42.00 and set a “neutral” rating on the stock in a report on Friday, May 15th. Five research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $32.67.

Insider Activity at Figma

In related news, CRO Shaunt Voskanian sold 87,510 shares of the stock in a transaction on Wednesday, June 3rd. The stock was sold at an average price of $23.01, for a total transaction of $2,013,605.10. Following the sale, the executive 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Dylan Field sold 174,430 shares of Figma stock in a transaction dated Friday, May 29th. The stock was sold at an average price of $25.02, for a total value of $4,364,238.60. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 733,309 shares of company stock valued at $17,824,756 in the last ninety days. 32.26% of the stock is owned by insiders.

Figma Price Performance

Shares of NYSE FIG opened at $20.04 on Friday. The firm’s 50-day moving average is $21.38 and its two-hundred day moving average is $23.50. The company has a market capitalization of $8.93 billion and a PE ratio of -5.84. Figma, Inc. has a 12-month low of $16.60 and a 12-month high of $142.92.

Figma (NYSE:FIG) last issued its quarterly earnings data on Thursday, May 14th. The company reported $0.10 earnings per share 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 business had revenue of $333.44 million during the quarter. Figma’s revenue for the quarter was up 46.1% on a year-over-year basis. On average, analysts forecast that Figma, Inc. will post -0.79 EPS for the current fiscal year.

Figma 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.