Fortis Group Advisors LLC Invests $1.14 Million in Figma, Inc. $FIG

Fortis Group Advisors LLC acquired a new position in shares of Figma, Inc. (NYSE:FIG) in the fourth quarter, HoldingsChannel reports. The institutional investor acquired 30,361 shares of the company’s stock, valued at approximately $1,135,000.

Other institutional investors also recently made changes to their positions in the company. SC US Ttgp LTD. acquired a new stake in shares of Figma in the third quarter valued at approximately $1,310,305,000. ICONIQ Capital LLC acquired a new stake in shares of Figma in the third quarter valued at approximately $1,108,879,000. a16z Capital Management L.L.C. acquired a new stake in shares of Figma in the third quarter valued at approximately $842,687,000. Baillie Gifford & Co. raised its position in shares of Figma by 93.8% in the fourth quarter. Baillie Gifford & Co. now owns 5,763,613 shares of the company’s stock valued at $215,386,000 after buying an additional 2,789,986 shares in the last quarter. Finally, Durable Capital Partners LP acquired a new stake in shares of Figma in the third quarter valued at approximately $278,510,000.

Figma Stock Down 4.6%

Shares of Figma stock opened at $21.55 on Friday. Figma, Inc. has a twelve month low of $16.60 and a twelve month high of $142.92. The stock has a market cap of $9.60 billion and a price-to-earnings ratio of -6.28. The company’s fifty day moving average is $21.04 and its 200 day moving average is $29.05.

Figma (NYSE:FIG) last issued its quarterly earnings data on Thursday, May 14th. The company reported $0.10 earnings per share for the quarter, topping the consensus estimate of ($0.17) by $0.27. Figma had a negative net margin of 123.83% and a negative return on equity of 98.51%. The company had revenue of $333.44 million for the quarter. Figma’s revenue for the quarter was up 46.1% compared to the same quarter last year. As a group, equities analysts anticipate that Figma, Inc. will post -0.69 earnings per share for the current fiscal year.

Insider Activity

In other Figma news, CEO Dylan Field sold 236,930 shares of the company’s stock in a transaction on Thursday, February 26th. The shares were sold at an average price of $30.77, for a total transaction of $7,290,336.10. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CTO Kris Rasmussen sold 327,046 shares of the company’s stock in a transaction on Tuesday, May 19th. The shares were sold at an average price of $25.07, for a total transaction of $8,199,043.22. Following the sale, the chief technology officer directly owned 9,771,529 shares in the company, valued at $244,972,232.03. This trade represents a 3.24% 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. Over the last ninety days, insiders sold 1,085,434 shares of company stock worth $31,174,548. 45.20% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on FIG shares. Stifel Nicolaus set a $25.00 price target on shares of Figma in a research report on Friday, May 15th. JPMorgan Chase & Co. lowered their price objective on shares of Figma from $45.00 to $42.00 and set a “neutral” rating for the company in a research report on Friday, May 15th. Wall Street Zen upgraded shares of Figma from a “sell” rating to a “hold” rating in a research report on Sunday, February 8th. The Goldman Sachs Group set a $35.00 price objective on shares of Figma in a research report on Thursday, February 19th. Finally, Morgan Stanley lowered their price objective on shares of Figma from $44.00 to $38.00 and set an “equal weight” rating for the company in a research report on Friday, May 15th. Four research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Figma has a consensus rating of “Hold” and an average price target of $38.63.

Key Figma News

Here are the key news stories impacting Figma this week:

• Positive Sentiment: Figma has been highlighted in a bullish contrarian note as an overlooked AI-related growth stock, which could support investor interest if the market rotates back toward high-growth software names. Article Title
• Positive Sentiment: Recent product updates show Figma pushing AI deeper into its design workflow, including an AI assistant/agent embedded in the collaborative canvas, which may strengthen its platform appeal and long-term growth narrative. Article Title
• Neutral Sentiment: Several insider sales were executed under Rule 10b5-1 plans, suggesting the trades were pre-scheduled rather than a direct statement on near-term business conditions.
• Negative Sentiment: CTO Kris Rasmussen sold 327,046 shares, and General Counsel Brendan Mulligan sold 18,741 shares, adding to the recent stream of insider selling and potentially pressuring sentiment around the stock. Article Title
• Negative Sentiment: CAO Tyler Herb also sold shares earlier in the week, reinforcing the impression that insiders have been trimming positions while the stock remains well below its 200-day average.

Figma 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.