Ventures Vi (Jersey) Lp Index Sells 12,475 Shares of Figma (NYSE:FIG) Stock

Figma, Inc. (NYSE:FIG) major shareholder Ventures Vi (Jersey) Lp Index sold 12,475 shares of Figma stock in a transaction on Monday, August 10th. The stock was sold at an average price of $25.39, for a total value of $316,740.25. Following the transaction, the insider directly owned 786,700 shares of the company’s stock, valued at approximately $19,974,313. This represents a 1.56% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Major shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Figma Trading Up 11.3%

NYSE:FIG opened at $26.42 on Friday. Figma, Inc. has a 12-month low of $16.60 and a 12-month high of $82.94. The firm has a market cap of $12.03 billion and a price-to-earnings ratio of -7.26. The company’s 50-day moving average is $21.78 and its two-hundred day moving average is $22.63.

Figma (NYSE:FIG) last posted its quarterly earnings data on Wednesday, August 5th. The company reported $0.08 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.22) by $0.30. The business had revenue of $370.08 million for the quarter. Figma had a negative return on equity of 100.03% and a negative net margin of 123.15%.Figma’s revenue for the quarter was up 48.2% compared to the same quarter last year. During the same quarter last year, the business earned $0.09 EPS. On average, equities research analysts forecast that Figma, Inc. will post -0.79 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have recently commented on FIG. Bank of America started coverage on shares of Figma in a research note on Tuesday, July 7th. They issued a “buy” rating and a $30.00 target price on the stock. Piper Sandler reaffirmed an “overweight” rating and set a $30.00 price target on shares of Figma in a research report on Thursday, June 25th. Morgan Stanley set a $33.00 price target on Figma in a report on Thursday, August 6th. Wells Fargo & Company cut their price objective on Figma from $42.00 to $36.00 and set an “overweight” rating on the stock in a research report on Friday, June 26th. Finally, Weiss Ratings restated a “sell (e+)” rating on shares of Figma in a research note on Tuesday, May 19th. Five 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 stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $32.22.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in FIG. Parallel Advisors LLC raised its stake in shares of Figma by 3,890.0% in the 1st quarter. Parallel Advisors LLC now owns 1,197 shares of the company’s stock valued at $25,000 after purchasing an additional 1,167 shares in the last quarter. NewEdge Advisors LLC bought a new position in shares of Figma during the third quarter worth about $26,000. DV Equities LLC acquired a new position in Figma in the fourth quarter worth about $26,000. Concord Wealth Partners grew its stake in Figma by 1,446.8% in the fourth quarter. Concord Wealth Partners now owns 727 shares of the company’s stock worth $27,000 after purchasing an additional 680 shares in the last quarter. Finally, Harbour Investments Inc. increased its holdings in Figma by 1,568.2% in the fourth 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.

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.