Cosmic Management LLC Makes New $151.53 Million Investment in Figma, Inc. $FIG

Cosmic Management LLC acquired a new position in shares of Figma, Inc. (NYSE:FIG) during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 4,054,988 shares of the company’s stock, valued at approximately $151,535,000. Figma makes up about 46.7% of Cosmic Management LLC’s portfolio, making the stock its largest position.

A number of other institutional investors and hedge funds have also recently modified their holdings of FIG. SC US Ttgp LTD. bought a new stake in shares of Figma in the 3rd quarter worth about $1,310,305,000. ICONIQ Capital LLC bought a new position in shares of Figma in the 3rd quarter valued at about $1,108,879,000. a16z Capital Management L.L.C. bought a new position in shares of Figma in the 3rd quarter valued at about $842,687,000. Viking Global Investors LP purchased a new position in Figma in the fourth quarter worth about $214,967,000. Finally, Durable Capital Partners LP bought a new stake in Figma during the third quarter worth approximately $278,510,000.

More Figma News

Here are the key news stories impacting Figma this week:

• Positive Sentiment: Citi launched coverage on Figma with a Buy/High-risk call and a $36 target, arguing that the company’s AI monetization opportunity is becoming clearer. Citi initiates bullish coverage on figma stock as the ai monetization story takes shape
• Positive Sentiment: Several reports note FIG rose after the Citi initiation, suggesting the upgrade is the main catalyst behind the recent rebound. Stocks making the biggest moves midday: SpaceX, JPMorgan, UniQure, Intel, Figma, Nano Nuclear & more
• Neutral Sentiment: CEO Dylan Field’s comments about AI enthusiasm in Silicon Valley reinforce the market’s focus on Figma’s positioning in the AI ecosystem, but they do not appear to be a direct business update. The Figma CEO Says AI Is Making Silicon Valley’s Billionaires Feel Like Kids Again

Figma Stock Up 1.2%

Shares of NYSE:FIG opened at $18.88 on Friday. The business’s 50 day moving average is $20.37 and its 200 day moving average is $26.45. The stock has a market cap of $8.41 billion and a P/E ratio of -5.50. Figma, Inc. has a 52-week low of $16.60 and a 52-week high of $142.92.

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

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the company. JPMorgan Chase & Co. decreased their price objective on Figma from $45.00 to $42.00 and set a “neutral” rating on the stock in a research report on Friday, May 15th. Oppenheimer started coverage on Figma in a report on Wednesday, March 25th. They issued a “market perform” rating for the company. Wells Fargo & Company cut their target price on Figma from $52.00 to $42.00 and set an “overweight” rating on the stock in a research report on Thursday, February 19th. Stifel Nicolaus set a $25.00 price target on Figma in a research report on Friday, May 15th. Finally, Royal Bank Of Canada dropped their price objective on shares of Figma from $31.00 to $28.00 and set a “sector perform” rating for the company in a research note on Friday, May 15th. Five investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Figma presently has a consensus rating of “Hold” and a consensus price target of $38.33.

Insider Activity at Figma

In other news, CEO Dylan Field sold 174,430 shares of the business’s stock in a transaction dated Friday, May 29th. The shares were sold at an average price of $25.02, for a total value of $4,364,238.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Praveer Melwani sold 83,974 shares of the company’s stock in a transaction that occurred on Wednesday, June 3rd. The stock was sold at an average price of $22.77, for a total transaction of $1,912,087.98. Following the completion of the sale, the chief financial officer directly owned 1,749,024 shares of the company’s stock, valued at $39,825,276.48. The trade was a 4.58% 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 sold 694,220 shares of company stock worth $17,023,005 over the last quarter. Corporate insiders own 45.20% of the company’s stock.

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.