Ieq Capital LLC Increases Stock Holdings in Figma, Inc. $FIG

Ieq Capital LLC boosted its position in shares of Figma, Inc. (NYSE:FIG) by 1,670.9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 973,880 shares of the company’s stock after acquiring an additional 918,886 shares during the quarter. Ieq Capital LLC’s holdings in Figma were worth $36,394,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of FIG. NewEdge Advisors LLC purchased a new position in Figma during the 3rd quarter valued at about $26,000. Wilmington Savings Fund Society FSB purchased a new position in Figma during the 3rd quarter valued at about $27,000. Concord Wealth Partners boosted its holdings in Figma by 1,446.8% during the 4th quarter. Concord Wealth Partners now owns 727 shares of the company’s stock valued at $27,000 after acquiring an additional 680 shares during the period. Harbour Investments Inc. boosted its holdings in Figma by 1,568.2% during the 4th quarter. Harbour Investments Inc. now owns 734 shares of the company’s stock valued at $27,000 after acquiring an additional 690 shares during the period. Finally, Sunbelt Securities Inc. purchased a new position in Figma during the 3rd quarter valued at about $30,000.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on FIG shares. Royal Bank Of Canada lowered their target price on Figma from $31.00 to $28.00 and set a “sector perform” rating for the company in a report on Friday, May 15th. Wells Fargo & Company lowered their target price on Figma from $52.00 to $42.00 and set an “overweight” rating for the company in a report on Thursday, February 19th. Morgan Stanley decreased their price objective on Figma from $44.00 to $38.00 and set an “equal weight” rating for the company in a research note on Friday, May 15th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Figma in a research note on Tuesday, May 19th. Finally, Stifel Nicolaus set a $25.00 price objective on Figma in a research note on Friday, May 15th. Four 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 currently has an average rating of “Hold” and an average target price of $38.63.

Insider Activity at Figma

In other Figma news, CTO Kris Rasmussen sold 327,046 shares of Figma stock in a transaction that occurred on Tuesday, May 19th. The stock was sold at an average price of $25.07, for a total transaction of $8,199,043.22. Following the transaction, the chief technology officer owned 9,771,529 shares of the company’s stock, valued at $244,972,232.03. The trade was a 3.24% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Praveer Melwani sold 83,974 shares of Figma stock in a transaction that occurred on Wednesday, June 3rd. The stock was sold at an average price of $22.77, for a total value of $1,912,087.98. Following the transaction, the chief financial officer directly owned 1,749,024 shares in the company, valued at approximately $39,825,276.48. This trade represents a 4.58% 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 have sold a total of 699,037 shares of company stock valued at $17,149,692 over the last 90 days. 45.20% of the stock is owned by insiders.

Figma Stock Down 4.1%

FIG stock opened at $18.55 on Friday. The business has a 50 day moving average price of $20.59 and a 200 day moving average price of $27.00. The stock has a market cap of $8.27 billion and a price-to-earnings ratio of -5.41. Figma, Inc. has a fifty-two week low of $16.60 and a fifty-two week high of $142.92.

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

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.