Figma, Inc. $FIG Shares Purchased by Siren L.L.C.

Siren L.L.C. boosted its position in Figma, Inc. (NYSE:FIG) by 100.0% in the 1st quarter, Holdings Channel reports. The fund owned 50,000 shares of the company’s stock after purchasing an additional 25,000 shares during the period. Siren L.L.C.’s holdings in Figma were worth $1,057,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the business. Capula Management Ltd lifted its stake in shares of Figma by 48.8% during the 1st quarter. Capula Management Ltd now owns 31,900 shares of the company’s stock worth $674,000 after purchasing an additional 10,465 shares during the period. Sei Investments Co. grew its position in shares of Figma by 102.9% in the first quarter. Sei Investments Co. now owns 72,700 shares of the company’s stock valued at $1,537,000 after purchasing an additional 36,863 shares during the period. First Trust Advisors LP purchased a new stake in shares of Figma in the first quarter valued at $11,854,000. Atlantic Private Wealth LLC acquired a new position in Figma in the first quarter valued at $74,000. Finally, Resolute Advisors LLC lifted its position in Figma by 303.3% during the first quarter. Resolute Advisors LLC now owns 25,813 shares of the company’s stock worth $546,000 after buying an additional 19,413 shares during the period.

Insider Activity

In related news, CAO Tyler Herb sold 1,850 shares of the stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $26.40, for a total transaction of $48,840.00. Following the completion of the sale, the chief accounting officer owned 263,435 shares of the company’s stock, valued at approximately $6,954,684. This represents a 0.70% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Dylan Field sold 174,430 shares of the firm’s stock in a transaction that occurred on Friday, May 29th. The shares were sold at an average price of $25.02, for a total transaction of $4,364,238.60. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 733,309 shares of company stock worth $17,824,756. Insiders own 32.26% of the company’s stock.

Wall Street Analyst Weigh In

FIG has been the topic of a number of research analyst reports. Stifel Nicolaus set a $25.00 price target on Figma in a research note on Friday, May 15th. Morgan Stanley dropped their price objective on shares of Figma from $44.00 to $38.00 and set an “equal weight” rating for the company in a research note on Friday, May 15th. BTIG Research initiated coverage on shares of Figma in a report on Monday, April 13th. They set a “neutral” rating on the stock. Citigroup assumed coverage on shares of Figma in a research report on Wednesday, June 17th. They issued a “buy” rating and a $36.00 target price on the stock. Finally, JPMorgan Chase & Co. lowered their target price on shares of Figma from $45.00 to $42.00 and set a “neutral” rating for the company in a report on Friday, May 15th. Five investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Figma presently has an average rating of “Hold” and a consensus target price of $32.67.

Figma Trading Down 6.6%

FIG stock opened at $20.04 on Friday. The stock has a 50-day moving average price of $21.38 and a two-hundred day moving average price of $23.50. Figma, Inc. has a 12-month low of $16.60 and a 12-month high of $142.92. The company has a market cap of $8.93 billion and a PE ratio of -5.84.

Figma (NYSE:FIG) last announced its quarterly earnings results on Thursday, May 14th. The company reported $0.10 EPS for the quarter, topping the consensus estimate of ($0.17) by $0.27. The company 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 was up 46.1% compared to the same quarter last year. Equities analysts forecast that Figma, Inc. will post -0.79 EPS for the current fiscal 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.