Headwater Capital Co Ltd Acquires Shares of 520,000 Figma, Inc. $FIG

Headwater Capital Co Ltd acquired a new stake in Figma, Inc. (NYSE:FIG) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 520,000 shares of the company’s stock, valued at approximately $19,432,000. Figma makes up approximately 2.8% of Headwater Capital Co Ltd’s portfolio, making the stock its 10th biggest position.

Several other institutional investors and hedge funds also recently made changes to their positions in FIG. NewEdge Advisors LLC purchased a new position in shares of Figma during the 3rd quarter valued at approximately $26,000. Concord Wealth Partners boosted its stake in shares of 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 buying an additional 680 shares during the last quarter. Harbour Investments Inc. boosted its stake in shares of 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 buying an additional 690 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new position in shares of Figma during the 3rd quarter valued at approximately $27,000. Finally, Sunbelt Securities Inc. purchased a new position in shares of Figma during the 3rd quarter valued at approximately $30,000.

Insider Activity

In related news, CRO Shaunt Voskanian sold 87,510 shares of the firm’s stock in a transaction on Wednesday, June 3rd. The stock was sold at an average price of $23.01, for a total transaction of $2,013,605.10. Following the transaction, the executive directly owned 1,781,380 shares in the company, valued at $40,989,553.80. This trade represents a 4.68% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, General Counsel Brendan Mulligan sold 18,741 shares of the firm’s stock in a transaction on Tuesday, May 19th. The stock was sold at an average price of $25.04, for a total value of $469,274.64. Following the transaction, the general counsel owned 987,986 shares in the company, valued at $24,739,169.44. This trade represents a 1.86% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 694,220 shares of company stock valued at $17,023,005 over the last three months.

Figma Price Performance

Shares of FIG opened at $17.99 on Wednesday. The business’s fifty day moving average price is $20.47 and its 200 day moving average price is $26.69. Figma, Inc. has a 12-month low of $16.60 and a 12-month high of $142.92. The stock has a market capitalization of $8.02 billion and a PE ratio of -5.24.

Figma (NYSE:FIG) last announced its quarterly earnings data on Thursday, May 14th. The company reported $0.10 earnings per share (EPS) for the quarter, topping the consensus estimate 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 firm had revenue of $333.44 million for the quarter. The business’s revenue was up 46.1% compared to the same quarter last year. As a group, research analysts anticipate that Figma, Inc. will post -0.78 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have recently commented on FIG shares. JPMorgan Chase & Co. reduced their target price on Figma from $45.00 to $42.00 and set a “neutral” rating for the company in a research note on Friday, May 15th. Stifel Nicolaus set a $25.00 target price on Figma in a research note on Friday, May 15th. Piper Sandler reiterated an “overweight” rating and set a $30.00 target price (down from $35.00) on shares of Figma 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, Morgan Stanley reduced their target price 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. Four research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $38.63.

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.