Greylock XIV GP LLC Makes New Investment in Figma, Inc. $FIG

Greylock XIV GP LLC acquired a new position in shares of Figma, Inc. (NYSE:FIG) during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 58,420,365 shares of the company’s stock, valued at approximately $1,056,824,403. Figma makes up about 0.1% of Greylock XIV GP LLC’s portfolio, making the stock its largest position. Greylock XIV GP LLC owned approximately 12.84% of Figma as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in FIG. Fluent Financial LLC purchased a new stake in shares of Figma in the 2nd quarter valued at approximately $765,000. Valeo Financial Advisors LLC purchased a new position in shares of Figma during the 2nd quarter valued at approximately $203,000. Parallel Advisors LLC raised its stake in Figma by 3,890.0% during the 1st quarter. Parallel Advisors LLC now owns 1,197 shares of the company’s stock valued at $25,000 after acquiring an additional 1,167 shares in the last quarter. J. Derek Lewis & Associates Inc. grew its position in Figma by 58.6% during the 1st quarter. J. Derek Lewis & Associates Inc. now owns 20,300 shares of the company’s stock worth $429,000 after purchasing an additional 7,500 shares in the last quarter. Finally, Bank of America Corp DE boosted its position in Figma by 428.1% during the first quarter. Bank of America Corp DE now owns 4,180,575 shares of the company’s stock worth $88,377,000 after purchasing an additional 3,388,902 shares during the period.

Analyst Ratings Changes

FIG has been the topic of several analyst reports. Stifel Nicolaus set a $25.00 target price on Figma in a report on Friday, May 15th. Piper Sandler restated 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 target price on shares of Figma in a research note on Thursday, August 6th. Bank of America increased their target price on Figma from $30.00 to $33.00 and gave the stock a “buy” rating in a research note on Wednesday, August 19th. Finally, Wells Fargo & Company reduced their price objective on Figma from $42.00 to $36.00 and set an “overweight” rating for the company in a research note on Friday, June 26th. Five equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $32.56.

Figma Stock Performance

Shares of NYSE FIG traded down $1.26 during mid-day trading on Friday, reaching $29.36. 13,622,847 shares of the company traded hands, compared to its average volume of 18,064,180. Figma, Inc. has a fifty-two week low of $16.60 and a fifty-two week high of $71.48. The stock has a market cap of $13.36 billion and a PE ratio of -8.07. The company’s fifty day moving average is $23.27 and its two-hundred day moving average is $22.76.

Figma (NYSE:FIG) last posted its quarterly earnings data on Wednesday, August 5th. The company reported $0.08 EPS for the quarter, beating the consensus estimate of ($0.22) by $0.30. The business had revenue of $370.08 million for the quarter. Figma had a negative net margin of 123.15% and a negative return on equity of 100.03%. The company’s revenue was up 48.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.09 earnings per share. Research analysts forecast that Figma, Inc. will post -0.75 earnings per share for the current year.

Insiders Place Their Bets

In related news, major shareholder Ventures Vi (Jersey) Lp Index sold 12,475 shares of the firm’s stock in a transaction that occurred on Monday, August 10th. The shares were sold at an average price of $25.39, for a total transaction of $316,740.25. Following the completion of the sale, the insider owned 786,700 shares of the company’s stock, valued at $19,974,313. This trade represents a 1.56% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Tyler Herb sold 1,840 shares of Figma stock in a transaction that occurred on Friday, August 21st. The stock was sold at an average price of $27.14, for a total value of $49,937.60. Following the completion of the transaction, the chief accounting officer owned 254,640 shares of the company’s stock, valued at approximately $6,910,929.60. This trade represents a 0.72% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 1,181,482 shares of company stock valued at $29,364,026 over the last quarter. 32.26% of the stock is owned by company insiders.

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.