Sands Capital Management LLC Sells 36,970 Shares of Figma, Inc. $FIG

Sands Capital Management LLC decreased its holdings in shares of Figma, Inc. (NYSE:FIG) by 16.3% during the 4th quarter, Holdings Channel reports. The firm owned 189,782 shares of the company’s stock after selling 36,970 shares during the quarter. Sands Capital Management LLC’s holdings in Figma were worth $7,092,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Jones Financial Companies Lllp acquired a new position in Figma during the 3rd quarter worth approximately $107,000. Vanguard Group Inc. acquired a new position in Figma during the 3rd quarter worth approximately $2,282,000. Greenland Capital Management LP acquired a new position in Figma during the 3rd quarter worth approximately $288,000. US Bancorp DE acquired a new position in Figma during the 3rd quarter worth approximately $31,000. Finally, Lansing Street Advisors acquired a new position in Figma during the 3rd quarter worth approximately $623,000.

Analyst Upgrades and Downgrades

FIG has been the topic of a number of research reports. Royal Bank Of Canada dropped their price target on Figma from $31.00 to $28.00 and set a “sector perform” rating on the stock in a research note on Friday, May 15th. Stifel Nicolaus set a $25.00 price target on Figma in a research note on Friday, May 15th. Oppenheimer initiated coverage on Figma in a research note on Wednesday, March 25th. They set a “market perform” rating on the stock. Wells Fargo & Company dropped their price target on Figma from $52.00 to $42.00 and set an “overweight” rating on the stock in a research note on Thursday, February 19th. Finally, The Goldman Sachs Group set a $35.00 price target on Figma in a research note on Thursday, February 19th. Four investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $38.63.

Insider Transactions at Figma

In other news, CFO Praveer Melwani sold 83,974 shares of the stock in a transaction that occurred on Wednesday, June 3rd. The stock was sold at an average price of $22.77, for a total value of $1,912,087.98. Following the completion of the sale, the chief financial officer directly owned 1,749,024 shares of the company’s stock, valued at $39,825,276.48. This represents a 4.58% 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, CEO Dylan Field sold 174,430 shares of the stock in a transaction that occurred on Friday, May 29th. The stock was sold at an average price of $25.02, for a total value 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. Over the last quarter, insiders sold 694,220 shares of company stock valued at $17,023,005. Corporate insiders own 45.20% of the company’s stock.

Figma Stock Up 0.0%

Shares of Figma stock opened at $18.55 on Monday. The company has a market cap of $8.27 billion and a PE ratio of -5.41. Figma, Inc. has a 52 week low of $16.60 and a 52 week high of $142.92. The business has a 50 day moving average price of $20.59 and a 200-day moving average price of $26.94.

Figma (NYSE:FIG) last issued its quarterly earnings data on Thursday, May 14th. The company reported $0.10 EPS for the quarter, topping the consensus estimate of ($0.17) by $0.27. The firm 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%.Figma’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 EPS for the current year.

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.