Washington University Takes Position in Figma, Inc. $FIG

Washington University acquired a new stake in Figma, Inc. (NYSE:FIG) during the 4th quarter, Holdings Channel.com reports. The firm acquired 26,547 shares of the company’s stock, valued at approximately $992,000. Figma makes up 0.5% of Washington University’s holdings, making the stock its 5th biggest holding.

A number of other hedge funds and other institutional investors also recently bought and sold shares of FIG. Whittier Trust Co. of Nevada Inc. purchased a new position in shares of Figma in the third quarter valued at approximately $26,000. NewEdge Advisors LLC purchased a new position in Figma in the third quarter valued at $26,000. Wilmington Savings Fund Society FSB acquired a new position in Figma during the 3rd quarter worth $27,000. Sunbelt Securities Inc. purchased a new stake in Figma during the 3rd quarter worth about $30,000. Finally, US Bancorp DE acquired a new stake in Figma in the 3rd quarter valued at about $31,000.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on FIG shares. Royal Bank Of Canada reduced their target price on shares of Figma from $38.00 to $31.00 and set a “sector perform” rating on the stock in a report on Thursday, February 19th. Wells Fargo & Company cut their price objective on shares of Figma from $52.00 to $42.00 and set an “overweight” rating on the stock in a report on Thursday, February 19th. The Goldman Sachs Group set a $35.00 target price on shares of Figma in a report on Thursday, February 19th. Morgan Stanley set a $44.00 price objective on shares of Figma in a research report on Thursday, February 19th. Finally, Weiss Ratings restated a “sell (e+)” rating on shares of Figma in a research note on Monday, December 29th. Four research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $43.25.

Figma Price Performance

NYSE:FIG opened at $20.41 on Thursday. The firm has a 50 day simple moving average of $25.49 and a 200-day simple moving average of $37.87. Figma, Inc. has a 1-year low of $19.82 and a 1-year high of $142.92. The firm has a market cap of $9.00 billion and a PE ratio of -6.54.

Figma (NYSE:FIG) last posted its quarterly earnings results on Wednesday, February 18th. The company reported $0.08 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.20) by $0.28. The company 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%. The firm’s quarterly revenue was up 40.1% compared to the same quarter last year.

Insider Activity at Figma

In other news, CTO Kris Rasmussen sold 179,331 shares of the firm’s stock in a transaction on Tuesday, March 3rd. The shares were sold at an average price of $29.80, for a total value of $5,344,063.80. Following the transaction, the chief technology officer owned 10,169,178 shares of the company’s stock, valued at approximately $303,041,504.40. This trade represents a 1.73% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CRO Shaunt Voskanian sold 8,554 shares of the company’s stock in a transaction on Wednesday, February 25th. The shares were sold at an average price of $30.00, for a total transaction of $256,620.00. Following the completion of the transaction, the executive owned 1,580,181 shares of the company’s stock, valued at $47,405,430. This trade represents a 0.54% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 1,616,377 shares of company stock valued at $49,751,858 over the last quarter. Company insiders own 45.20% of the company’s stock.

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.