Quadrant Private Wealth Management LLC Invests $1.42 Million in Figma, Inc. $FIG

Quadrant Private Wealth Management LLC bought a new position in Figma, Inc. (NYSE:FIG) during the first quarter, Holdings Channel reports. The firm bought 67,064 shares of the company’s stock, valued at approximately $1,418,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of Figma by 69.3% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 285,055 shares of the company’s stock worth $10,653,000 after acquiring an additional 116,681 shares in the last quarter. Freestone Capital Holdings LLC purchased a new position in shares of Figma in the fourth quarter valued at $10,297,000. Baillie Gifford & Co. grew its holdings 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 purchasing an additional 2,789,986 shares in the last quarter. Ieq Capital LLC increased its position in Figma by 1,670.9% in the fourth quarter. Ieq Capital LLC now owns 973,880 shares of the company’s stock worth $36,394,000 after purchasing an additional 918,886 shares during the last quarter. Finally, Brighton Jones LLC purchased a new stake in Figma during the fourth quarter valued at $10,129,000.

Insider Buying and Selling at Figma

In other news, CTO Kris Rasmussen sold 327,046 shares of the company’s stock in a transaction that occurred on Tuesday, May 19th. The stock was sold at an average price of $25.07, for a total transaction of $8,199,043.22. Following the transaction, the chief technology officer owned 9,771,529 shares of the company’s stock, valued at approximately $244,972,232.03. This represents a 3.24% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CRO Shaunt Voskanian sold 87,510 shares of the company’s stock in a transaction that occurred on Wednesday, June 3rd. The shares were sold at an average price of $23.01, for a total value of $2,013,605.10. Following the transaction, the executive directly owned 1,781,380 shares in the company, valued at approximately $40,989,553.80. This represents a 4.68% 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 have sold 733,309 shares of company stock valued at $17,824,756. 32.26% of the stock is owned by company insiders.

Analyst Ratings Changes

Several equities analysts have commented on FIG shares. Stifel Nicolaus set a $25.00 price objective on shares of Figma in a research report on Friday, May 15th. BTIG Research began coverage on Figma in a research report on Monday, April 13th. They issued a “neutral” rating for the company. Weiss Ratings reissued a “sell (e+)” rating on shares of Figma in a research note on Tuesday, May 19th. Oppenheimer reissued a “market perform” rating on shares of Figma in a research note on Thursday, June 25th. Finally, Morgan Stanley lowered their price objective 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. Five research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $32.67.

Figma Trading Up 2.7%

Figma stock opened at $24.04 on Friday. The firm has a 50-day moving average price of $21.20 and a 200-day moving average price of $24.04. The firm has a market capitalization of $10.71 billion and a PE ratio of -7.01. Figma, Inc. has a 12-month low of $16.60 and a 12-month high of $142.92.

Figma (NYSE:FIG) last issued its quarterly earnings results on Thursday, May 14th. The company reported $0.10 EPS for the quarter, beating 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. The company’s revenue for the quarter was up 46.1% on a year-over-year basis. As a group, sell-side analysts predict that Figma, Inc. will post -0.79 earnings per share for the current fiscal 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.