Figma (NYSE:FIG) Director Andrew Phillips Reed Acquires 912,749 Shares of Stock

Figma, Inc. (NYSE:FIG) Director Andrew Phillips Reed acquired 912,749 shares of the company’s stock in a transaction that occurred on Monday, February 23rd. The shares were bought at an average price of $24.30 per share, for a total transaction of $22,179,800.70. Following the completion of the acquisition, the director owned 1,466,852 shares of the company’s stock, valued at $35,644,503.60. This trade represents a 164.73% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Andrew Phillips Reed also recently made the following trade(s):

• On Friday, February 20th, Andrew Phillips Reed bought 554,103 shares of Figma stock. The stock was bought at an average cost of $25.90 per share, with a total value of $14,351,267.70.

Figma Trading Up 10.7%

Shares of FIG opened at $27.41 on Wednesday. The stock has a market capitalization of $12.09 billion and a price-to-earnings ratio of -8.79. Figma, Inc. has a 12 month low of $19.85 and a 12 month high of $142.92. The firm has a fifty day simple moving average of $30.55 and a 200 day simple moving average of $45.39.

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

Analysts Set New Price Targets

A number of brokerages have recently issued reports on FIG. JPMorgan Chase & Co. dropped their price objective on Figma from $65.00 to $60.00 and set a “neutral” rating on the stock in a research note on Thursday, November 6th. The Goldman Sachs Group set a $35.00 price target on shares of Figma in a research report on Thursday, February 19th. Royal Bank Of Canada decreased their price objective on shares of Figma from $38.00 to $31.00 and set a “sector perform” rating for the company in a research report on Thursday, February 19th. Morgan Stanley set a $44.00 target price on shares of Figma in a report on Thursday, February 19th. Finally, Wall Street Zen upgraded 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 given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $43.25.

Hedge Funds Weigh In On Figma

A number of large investors have recently made changes to their positions in FIG. Alphabet Inc. acquired a new stake in shares of Figma during the third quarter worth $11,182,000. Rit Capital Partners PLC bought a new position in Figma during the third quarter worth about $2,592,000. Sumitomo Mitsui Trust Group Inc. acquired a new stake in Figma in the 3rd quarter worth about $11,075,000. Rakuten Investment Management Inc. bought a new stake in Figma in the 3rd quarter valued at about $4,425,000. Finally, Baillie Gifford & Co. acquired a new stake in Figma during the third quarter worth approximately $154,242,000.

Key Headlines Impacting Figma

Here are the key news stories impacting Figma this week:

• Positive Sentiment: Director Andrew Phillips Reed made large, disclosed purchases this week totaling roughly 1.47M shares (~$36M at the reported averages), boosting his stake >160% — a strong insider-confidence signal that likely contributed to buying interest. SEC Form 4 — Reed purchases
• Positive Sentiment: ARK Invest (Cathie Wood) purchased ≈$11.8M of Figma shares as part of a broader tech/AI buy; institutional buying from a prominent active manager can spark momentum trading and attract other growth-focused funds. Why Figma Stock Popped Today
• Positive Sentiment: Recent quarterly results showed an EPS beat and solid revenue growth (revenue +40.1% y/y), reinforcing the growth narrative and giving fundamental support to the rally. MarketBeat — FIG company summary & earnings
• Neutral Sentiment: Coverage of Figma’s new AI pricing highlights tradeoffs between usage, monetization and valuation — this could be positive if it drives adoption/revenue or negative if it limits usage; investors are parsing details. Figma’s New AI Pricing Puts Usage And Valuation In Sharper Focus
• Neutral Sentiment: Company insiders (General Counsel Brendan Mulligan and CAO Tyler Herb) reported small sales (several thousand shares each) — routine executive selling and diversification that appears immaterial relative to the large director buys but gets noticed by the market. Mulligan Form 4 — insider sale
• Negative Sentiment: Several analysts trimmed price targets (Wells Fargo, RBC, Stifel among others) and the consensus remains a “Hold” with a mid‑$40s average target — downward revisions can cap near‑term upside and add selling pressure for momentum traders. MarketBeat — analyst notes

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.