27,950 Shares in Figma, Inc. $FIG Bought by Dumont & Blake Investment Advisors LLC

Dumont & Blake Investment Advisors LLC acquired a new stake in shares of Figma, Inc. (NYSE:FIG) in the 1st quarter, Holdings Channel reports. The institutional investor acquired 27,950 shares of the company’s stock, valued at approximately $591,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Walser Wealth Management Company A Ltd Liability Co grew its stake in Figma by 40.7% in the 1st quarter. Walser Wealth Management Company A Ltd Liability Co now owns 14,061 shares of the company’s stock worth $297,000 after buying an additional 4,067 shares in the last quarter. Private Advisor Group LLC bought a new stake in shares of Figma during the 1st quarter worth $809,000. Leonteq Securities AG grew its position in Figma by 43.6% in the first quarter. Leonteq Securities AG now owns 26,802 shares of the company’s stock worth $567,000 after acquiring an additional 8,139 shares in the last quarter. North Star Investment Management Corp. increased its stake in Figma by 138.9% in the first quarter. North Star Investment Management Corp. now owns 4,300 shares of the company’s stock valued at $91,000 after acquiring an additional 2,500 shares during the last quarter. Finally, Wesbanco Bank Inc. bought a new position in Figma in the first quarter valued at $1,311,000.

Figma Price Performance

Shares of Figma stock opened at $22.17 on Wednesday. Figma, Inc. has a one year low of $16.60 and a one year high of $142.92. The business’s 50 day simple moving average is $20.51 and its two-hundred day simple moving average is $24.82. The stock has a market capitalization of $9.88 billion and a P/E ratio of -6.46.

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

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the company. Morgan Stanley dropped their price target on Figma from $44.00 to $38.00 and set an “equal weight” rating for the company in a research note on Friday, May 15th. Royal Bank Of Canada decreased their price objective on Figma from $28.00 to $22.00 and set a “sector perform” rating on the stock in a report on Thursday, June 25th. BTIG Research started coverage on Figma in a research report on Monday, April 13th. They issued a “neutral” rating for the company. JPMorgan Chase & Co. reduced their price target on shares of Figma from $45.00 to $42.00 and set a “neutral” rating on the stock in a research report on Friday, May 15th. Finally, Weiss Ratings reissued a “sell (e+)” rating on shares of Figma in a research note on Tuesday, May 19th. Five equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $32.67.

More Figma News

Here are the key news stories impacting Figma this week:

• Positive Sentiment: Bank of America resumed coverage on Figma (FIG) with a Buy rating and $30 target, implying meaningful upside from current levels and helping drive bullish sentiment. Figma shares rise as Bank of America resumes coverage with a ‘Buy’ rating
• Positive Sentiment: BofA’s thesis says AI could improve Figma’s competitive moat and support additional growth, which is being interpreted as a favorable long-term catalyst for the stock. Figma stock jumps 6% as BofA backs AI outlook
• Neutral Sentiment: Additional coverage and commentary from other outlets reinforced the same theme: analysts are increasingly viewing FIG as a potential AI beneficiary rather than a company at risk from AI disruption. BofA reinstates Figma at Buy, says AI turning into a ’growth catalyst’

Insider Activity

In related news, CRO Shaunt Voskanian sold 87,510 shares of the business’s stock in a transaction dated Wednesday, June 3rd. The stock was sold at an average price of $23.01, for a total transaction of $2,013,605.10. Following the transaction, the executive owned 1,781,380 shares in the company, valued at $40,989,553.80. The trade was a 4.68% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, General Counsel Brendan Mulligan sold 18,741 shares of the company’s stock in a transaction that occurred on Tuesday, May 19th. The shares were sold at an average price of $25.04, for a total value of $469,274.64. Following the transaction, the general counsel directly owned 987,986 shares of the company’s stock, valued at $24,739,169.44. The trade was a 1.86% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 694,220 shares of company stock valued at $17,023,005.

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.