Figma, Inc. $FIG Holdings Raised by HighTower Advisors LLC

HighTower Advisors LLC lifted its stake in shares of Figma, Inc. (NYSE:FIG) by 886.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 43,611 shares of the company’s stock after purchasing 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 reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of FIG. NewEdge Advisors LLC bought a new stake in shares of Figma during the third quarter valued at about $26,000. Concord Wealth Partners raised its position in Figma by 1,446.8% in the fourth quarter. Concord Wealth Partners now owns 727 shares of the company’s stock worth $27,000 after acquiring an additional 680 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new stake in Figma in the third quarter worth about $27,000. Sunbelt Securities Inc. bought a new stake in Figma in the third quarter worth about $30,000. Finally, US Bancorp DE bought a new stake in Figma in the third quarter worth about $31,000.

Figma Trading Down 10.6%

NYSE FIG opened at $24.24 on Wednesday. The stock’s 50-day moving average price is $20.66 and its two-hundred day moving average price is $27.97. The company has a market cap of $10.80 billion and a PE ratio of -7.07. Figma, Inc. has a 1 year low of $16.60 and a 1 year high of $142.92.

Figma (NYSE:FIG) last posted its quarterly earnings data on Thursday, May 14th. The company reported $0.10 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.17) by $0.27. The firm had revenue of $333.44 million for the quarter. Figma had a negative return on equity of 98.51% and a negative net margin of 123.83%.The business’s revenue was up 46.1% on a year-over-year basis. Research analysts forecast that Figma, Inc. will post -0.7 EPS for the current fiscal year.

Insiders Place Their Bets

In other Figma news, General Counsel Brendan Mulligan sold 18,741 shares of the business’s stock in a transaction dated Tuesday, May 19th. The stock was sold at an average price of $25.04, for a total transaction of $469,274.64. Following the sale, the general counsel owned 987,986 shares in the company, valued at approximately $24,739,169.44. The trade was a 1.86% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CTO Kris Rasmussen sold 327,046 shares of the business’s stock in a transaction dated 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 owned 9,771,529 shares in the company, valued at approximately $244,972,232.03. The trade was a 3.24% 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. In the last quarter, insiders have sold 525,703 shares of company stock worth $13,175,159.

Wall Street Analysts Forecast Growth

Several brokerages have commented on FIG. The Goldman Sachs Group set a $35.00 price target on shares of Figma in a research report on Thursday, February 19th. Stifel Nicolaus set a $25.00 price target on shares of Figma in a research report on Friday, May 15th. JPMorgan Chase & Co. dropped their price target on shares of Figma from $45.00 to $42.00 and set a “neutral” rating on the stock in a research report on Friday, May 15th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Figma in a research report on Tuesday, May 19th. Finally, Royal Bank Of Canada dropped their price target on shares of Figma from $31.00 to $28.00 and set a “sector perform” rating on the stock in a research report on Friday, May 15th. Four analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $38.63.

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.