Wellington Management Group LLP Has $3.51 Million Stock Position in Figma, Inc. $FIG

Wellington Management Group LLP raised its holdings in shares of Figma, Inc. (NYSE:FIG) by 86.3% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 194,122 shares of the company’s stock after acquiring an additional 89,908 shares during the quarter. Wellington Management Group LLP’s holdings in Figma were worth $3,512,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Gladstone Capital Management LLP lifted its position in shares of Figma by 2.9% in the fourth quarter. Gladstone Capital Management LLP now owns 17,081 shares of the company’s stock worth $638,000 after purchasing an additional 481 shares in the last quarter. NewEdge Advisors LLC bought a new position in Figma in the third quarter valued at $26,000. Wilmington Savings Fund Society FSB acquired a new stake in Figma in the 3rd quarter valued at $27,000. Charles Schwab Investment Management Inc. increased its stake in Figma by 3.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 15,212 shares of the company’s stock valued at $568,000 after buying an additional 559 shares during the last quarter. Finally, Sunbelt Securities Inc. bought a new stake in Figma during the 3rd quarter worth about $30,000.

Figma Stock Down 3.2%

FIG opened at $22.01 on Thursday. Figma, Inc. has a 12-month low of $16.60 and a 12-month high of $71.48. The business has a 50 day moving average of $24.47 and a 200-day moving average of $22.89. The stock has a market cap of $10.02 billion and a price-to-earnings ratio of -6.05.

Figma (NYSE:FIG) last posted its earnings results on Wednesday, August 5th. The company reported $0.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.22) by $0.30. The company had revenue of $370.08 million during the quarter. Figma had a negative net margin of 123.15% and a negative return on equity of 100.03%. The business’s quarterly revenue was up 48.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.09 EPS. As a group, analysts expect that Figma, Inc. will post -0.75 earnings per share for the current year.

Key Figma News

Here are the key news stories impacting Figma this week:

• Positive Sentiment: Brokerages have set an average price target of $32.56, implying potential upside from recent trading levels. However, the consensus rating remains “Hold,” with four Buy ratings, eight Holds and one Sell rating. Brokerages Set Figma Target Price at $32.56
• Neutral Sentiment: Figma presented at the Goldman Sachs Communacopia + Technology Conference, giving investors additional information on its strategy and business outlook, though no specific major catalyst was identified in the provided coverage. Figma Goldman Sachs Conference Transcript
• Negative Sentiment: Adobe is inviting Figma users to test a new artificial-intelligence design tool. The move raises concerns that Adobe could use its broader creative-software ecosystem and AI capabilities to challenge Figma’s core design and collaboration products. Adobe Inviting Figma Users to Test a New AI Design Tool
• Negative Sentiment: Recent commentary highlighted the risk that Adobe’s free AI-enabled design offerings may pull users away from Figma, reinforcing worries about customer retention and competitive pricing pressure. Free Adobe Tool Competition
• Negative Sentiment: Figma’s general counsel sold 109,106 shares worth approximately $2.83 million, while Chief Accounting Officer Tyler Herb sold 1,416 shares worth about $37,227. Both transactions were conducted under pre-arranged Rule 10b5-1 plans, which reduces their significance but may still weigh on sentiment. Figma Insider Stock Sales
• Negative Sentiment: A recent rating downgrade cited a valuation that may assume too much optimism despite Figma’s growth, adding to concerns over its negative net margin and expected full-year loss. Figma Rating Downgrade

Insider Activity at Figma

In other Figma news, CRO Shaunt Voskanian sold 30,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of $27.91, for a total transaction of $837,300.00. Following the completion of the sale, the executive directly owned 1,698,620 shares in the company, valued at $47,408,484.20. This trade represents a 1.74% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CTO Kris Rasmussen sold 261,301 shares of the business’s stock in a transaction that occurred on Wednesday, July 29th. The stock was sold at an average price of $25.07, for a total value of $6,550,816.07. Following the sale, the chief technology officer owned 9,492,946 shares of the company’s stock, valued at approximately $237,988,156.22. This represents a 2.68% decrease in their position. 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 sold 1,332,269 shares of company stock valued at $34,624,827 in the last 90 days. Insiders own 32.26% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on FIG shares. Wells Fargo & Company reduced their price objective on shares of Figma from $42.00 to $36.00 and set an “overweight” rating for the company in a research note on Friday, June 26th. JPMorgan Chase & Co. dropped 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. Citigroup increased their price target on Figma from $35.00 to $37.00 and gave the company a “buy” rating in a research report on Friday, August 7th. Piper Sandler reaffirmed an “overweight” rating and set a $30.00 price target on shares of Figma in a research report on Thursday, June 25th. Finally, Royal Bank Of Canada reissued a “sector perform” rating on shares of Figma in a report on Thursday, August 6th. Four investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $32.56.

Figma Company 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.