BNP Paribas Financial Markets Acquires 551,574 Shares of Figma, Inc. $FIG

BNP Paribas Financial Markets raised its holdings in shares of Figma, Inc. (NYSE:FIG) by 401.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 689,108 shares of the company’s stock after acquiring an additional 551,574 shares during the period. BNP Paribas Financial Markets’ holdings in Figma were worth $25,752,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of FIG. Norges Bank bought a new position in shares of Figma in the fourth quarter worth approximately $38,760,000. Eurizon Capital SGR S.p.A. bought a new position in shares of Figma in the fourth quarter worth approximately $34,000. Mitsubishi UFJ Morgan Stanley Securities Co. Ltd. bought a new position in shares of Figma in the fourth quarter worth approximately $92,000. Foundations Investment Advisors LLC bought a new position in shares of Figma in the fourth quarter worth approximately $17,495,000. Finally, Eaton Financial Holdings Company LLC bought a new position in shares of Figma in the fourth quarter worth approximately $604,000.

Insiders Place Their Bets

In related news, CTO Kris Rasmussen sold 327,046 shares of the firm’s stock in a transaction on Tuesday, May 19th. The stock was sold at an average price of $25.07, for a total value of $8,199,043.22. Following the completion of the sale, the chief technology officer owned 9,771,529 shares of the company’s stock, valued at $244,972,232.03. This trade represents a 3.24% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Tyler Herb sold 1,850 shares of the firm’s stock in a transaction on Monday, June 1st. The stock was sold at an average price of $26.40, for a total value of $48,840.00. Following the completion of the sale, the chief accounting officer directly owned 263,435 shares of the company’s stock, valued at $6,954,684. The trade was a 0.70% decrease in their position. 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last three months, insiders sold 527,553 shares of company stock worth $13,223,999. Insiders own 45.20% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on FIG shares. Stifel Nicolaus set a $25.00 target price on shares of Figma in a report on Friday, May 15th. Weiss Ratings restated a “sell (e+)” rating on shares of Figma in a report on Tuesday, May 19th. Oppenheimer started coverage on shares of Figma in a report on Wednesday, March 25th. They issued a “market perform” rating on the stock. Piper Sandler restated an “overweight” rating and issued a $30.00 target price (down from $35.00) on shares of Figma in a report on Friday, May 15th. Finally, Morgan Stanley cut their target price on shares of Figma from $44.00 to $38.00 and set an “equal weight” rating on the stock in a report on Friday, May 15th. Four research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Figma presently has an average rating of “Hold” and an average price target of $38.63.

Figma Stock Down 1.0%

Shares of FIG stock opened at $22.56 on Friday. The stock has a fifty day moving average of $20.67 and a 200 day moving average of $27.59. Figma, Inc. has a 52 week low of $16.60 and a 52 week high of $142.92. The firm has a market capitalization of $10.05 billion and a price-to-earnings ratio of -6.58.

Figma (NYSE:FIG) last announced its quarterly earnings results on Thursday, May 14th. The company reported $0.10 EPS for the quarter, topping analysts’ consensus estimates of ($0.17) by $0.27. Figma had a negative return on equity of 98.51% and a negative net margin of 123.83%.The company had revenue of $333.44 million during the quarter. The firm’s revenue for the quarter was up 46.1% compared to the same quarter last year. Equities research analysts anticipate that Figma, Inc. will post -0.78 earnings per share 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.