65,771 Shares in Figma, Inc. $FIG Bought by Voya Investment Management LLC

Voya Investment Management LLC acquired a new position in shares of Figma, Inc. (NYSE:FIG) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 65,771 shares of the company’s stock, valued at approximately $3,412,000.

Figma Stock Down 0.9%

FIG opened at $38.51 on Friday. Figma, Inc. has a 12 month low of $32.83 and a 12 month high of $142.92. The company has a 50 day simple moving average of $41.59.

Figma (NYSE:FIG) last released its quarterly earnings data on Wednesday, November 5th. The company reported $0.10 earnings per share (EPS) for the quarter, topping the consensus estimate of ($1.56) by $1.66. The business had revenue of $274.17 million during the quarter. During the same period last year, the firm earned $0.04 EPS. The business’s quarterly revenue was up 38.0% compared to the same quarter last year.

Analysts Set New Price Targets

A number of research firms recently issued reports on FIG. Morgan Stanley lowered their price target on Figma from $80.00 to $70.00 and set an “equal weight” rating on the stock in a report on Thursday, September 4th. JPMorgan Chase & Co. dropped their target price on Figma from $65.00 to $60.00 and set a “neutral” rating on the stock in a report on Thursday, November 6th. Piper Sandler cut their price target on Figma from $85.00 to $70.00 and set an “overweight” rating for the company in a research note on Thursday, November 6th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Figma in a research report on Monday. Finally, Wells Fargo & Company dropped their price objective on shares of Figma from $70.00 to $52.00 and set an “equal weight” rating on the stock in a research note on Wednesday, November 5th. Three equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $62.86.

Insider Activity at Figma

In other news, CRO Shaunt Voskanian sold 403,335 shares of Figma stock in a transaction that occurred on Monday, November 10th. The shares were sold at an average price of $43.39, for a total transaction of $17,500,705.65. Following the completion of the sale, the executive directly owned 1,617,326 shares in the company, valued at approximately $70,175,775.14. This trade represents a 19.96% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CTO Kris Rasmussen sold 272,789 shares of the business’s stock in a transaction that occurred on Monday, November 10th. The stock was sold at an average price of $43.47, for a total value of $11,858,137.83. Following the sale, the chief technology officer directly owned 11,121,558 shares in the company, valued at $483,454,126.26. This trade represents a 2.39% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 4,930,405 shares of company stock worth $188,923,998. 45.20% of the stock is owned by company insiders.

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.