NZS Capital LLC Acquires New Position in Figma, Inc. $FIG

NZS Capital LLC bought a new position in Figma, Inc. (NYSE:FIG) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 155,582 shares of the company’s stock, valued at approximately $8,070,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Baillie Gifford & Co. purchased a new stake in shares of Figma in the third quarter valued at approximately $154,242,000. Alphabet Inc. bought a new stake in Figma during the 3rd quarter valued at $11,182,000. Sumitomo Mitsui Trust Group Inc. purchased a new stake in shares of Figma in the 3rd quarter worth $11,075,000. Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of Figma in the 3rd quarter worth $8,734,000. Finally, SG Americas Securities LLC bought a new position in shares of Figma during the 3rd quarter worth $5,815,000.

Wall Street Analyst Weigh In

Several brokerages have issued reports on FIG. Barclays upgraded shares of Figma to a “neutral” rating in a report on Thursday, January 8th. Wells Fargo & Company reduced their price target on shares of Figma from $52.00 to $42.00 and set an “overweight” rating for the company in a report on Thursday, February 19th. Morgan Stanley set a $44.00 price target on shares of Figma in a research report on Thursday, February 19th. JPMorgan Chase & Co. cut their price objective on shares of Figma from $65.00 to $60.00 and set a “neutral” rating on the stock in a report on Thursday, November 6th. Finally, Wall Street Zen raised shares of Figma from a “sell” rating to a “hold” rating in a research note on Sunday, February 8th. Four analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $43.25.

Insider Activity

In other news, Director Andrew Phillips Reed purchased 912,749 shares of the stock in a transaction on Monday, February 23rd. The stock was bought at an average price of $24.30 per share, with a total value of $22,179,800.70. Following the transaction, the director owned 1,466,852 shares in the company, valued at $35,644,503.60. The trade was a 164.73% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Tyler Herb sold 1,492 shares of the stock in a transaction dated Thursday, February 26th. The shares were sold at an average price of $32.00, for a total value of $47,744.00. Following the completion of the transaction, the chief accounting officer directly owned 192,942 shares in the company, valued at $6,174,144. This represents a 0.77% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 1,781,601 shares of company stock valued at $56,558,620.

Figma Price Performance

Shares of NYSE:FIG opened at $30.72 on Wednesday. The business’s 50-day moving average is $29.75 and its 200 day moving average is $43.59. Figma, Inc. has a 1 year low of $19.85 and a 1 year high of $142.92. The firm has a market capitalization of $13.55 billion and a P/E ratio of -9.85.

Figma (NYSE:FIG) last announced its quarterly earnings data on Wednesday, February 18th. The company reported $0.08 EPS for the quarter, beating the consensus estimate of ($0.20) by $0.28. Figma had a negative net margin of 121.87% and a negative return on equity of 97.03%. The firm had revenue of $303.78 million during the quarter. The firm’s quarterly revenue was up 40.1% on a year-over-year basis.

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.