Compound Planning Inc. Cuts Holdings in Figma, Inc. $FIG

Compound Planning Inc. lowered its stake in Figma, Inc. (NYSE:FIG) by 3.5% during the first quarter, Holdings Channel.com reports. The firm owned 879,216 shares of the company’s stock after selling 32,126 shares during the quarter. Compound Planning Inc.’s holdings in Figma were worth $18,587,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Parallel Advisors LLC grew its position in shares of Figma by 3,890.0% during the first quarter. Parallel Advisors LLC now owns 1,197 shares of the company’s stock worth $25,000 after buying an additional 1,167 shares in the last quarter. NewEdge Advisors LLC acquired a new stake in Figma in the third quarter valued at approximately $26,000. DV Equities LLC acquired a new stake in Figma in the fourth quarter valued at approximately $26,000. Concord Wealth Partners lifted its stake 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 during the last quarter. Finally, Harbour Investments Inc. lifted its stake in Figma by 1,568.2% in the fourth quarter. Harbour Investments Inc. now owns 734 shares of the company’s stock worth $27,000 after acquiring an additional 690 shares during the last quarter.

Analysts Set New Price Targets

A number of equities research analysts have commented on FIG shares. Royal Bank Of Canada dropped their price objective on shares of Figma from $28.00 to $22.00 and set a “sector perform” rating on the stock in a research report on Thursday, June 25th. BTIG Research started coverage on shares of Figma in a research report on Monday, April 13th. They set a “neutral” rating for the company. Wells Fargo & Company dropped their target price on Figma from $42.00 to $36.00 and set an “overweight” rating on the stock in a report on Friday, June 26th. Morgan Stanley cut their price target on Figma from $44.00 to $38.00 and set an “equal weight” rating on the stock in a research note on Friday, May 15th. Finally, JPMorgan Chase & Co. decreased their price target on Figma from $45.00 to $42.00 and set a “neutral” rating for the company in a report on Friday, May 15th. Five equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $32.67.

Insiders Place Their Bets

In related news, CRO Shaunt Voskanian sold 8,629 shares of the company’s stock in a transaction dated Monday, July 6th. The stock was sold at an average price of $20.62, for a total value of $177,929.98. Following the completion of the sale, the executive directly owned 1,764,672 shares of the company’s stock, valued at $36,387,536.64. This represents a 0.49% decrease in their position. 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, CFO Praveer Melwani sold 30,460 shares of the firm’s stock in a transaction that occurred on Monday, July 6th. The stock was sold at an average price of $20.48, for a total value of $623,820.80. Following the transaction, the chief financial officer owned 1,711,526 shares in the company, valued at $35,052,052.48. This represents a 1.75% 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 three months, insiders sold 733,309 shares of company stock worth $17,824,756. Corporate insiders own 32.26% of the company’s stock.

Figma Price Performance

Shares of NYSE:FIG opened at $20.04 on Friday. Figma, Inc. has a 12 month low of $16.60 and a 12 month high of $142.92. The firm has a market capitalization of $8.93 billion and a P/E ratio of -5.84. The company’s fifty day moving average price is $21.38 and its 200 day moving average price is $23.50.

Figma (NYSE:FIG) last released its quarterly earnings data on Thursday, May 14th. The company reported $0.10 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.17) by $0.27. The company had revenue of $333.44 million during the quarter. Figma had a negative net margin of 123.83% and a negative return on equity of 98.51%. The business’s revenue was up 46.1% compared to the same quarter last year. On average, sell-side analysts anticipate that Figma, Inc. will post -0.79 EPS for the current year.

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.