WCM Investment Management LLC Takes $3.19 Million Position in Figma, Inc. $FIG

WCM Investment Management LLC bought a new position in shares of Figma, Inc. (NYSE:FIG) in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 60,000 shares of the company’s stock, valued at approximately $3,189,000.

A number of other hedge funds also recently bought and sold shares of FIG. Whittier Trust Co. of Nevada Inc. bought a new position in Figma during the 3rd quarter valued at approximately $26,000. SOA Wealth Advisors LLC. purchased a new stake in Figma in the third quarter worth $39,000. Tripletail Wealth Management LLC purchased a new position in Figma during the 3rd quarter valued at $53,000. CoreCap Advisors LLC purchased a new stake in shares of Figma in the 3rd quarter worth about $57,000. Finally, North Star Investment Management Corp. purchased a new stake in shares of Figma in the 3rd quarter worth about $62,000.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the stock. Wells Fargo & Company raised shares of Figma from an “equal weight” rating to an “overweight” rating and set a $52.00 price target for the company in a research note on Thursday, January 8th. Morgan Stanley reduced their target price on Figma from $65.00 to $48.00 and set an “equal weight” rating on the stock in a report on Thursday, January 15th. JPMorgan Chase & Co. lowered their target price on Figma from $65.00 to $60.00 and set a “neutral” rating for the company in a research note on Thursday, November 6th. Weiss Ratings restated a “sell (e+)” rating on shares of Figma in a research report on Monday, December 29th. Finally, Royal Bank Of Canada decreased their price objective on Figma from $65.00 to $38.00 and set a “sector perform” rating for the company in a report on Monday, January 5th. Four investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $47.75.

Figma Stock Down 10.7%

Figma stock opened at $21.43 on Wednesday. Figma, Inc. has a 12 month low of $20.94 and a 12 month high of $142.92. The company has a market capitalization of $8.91 billion and a P/E ratio of -8.00. The business has a fifty day moving average of $34.60.

Figma (NYSE:FIG) last issued its quarterly earnings results on Wednesday, November 5th. The company reported $0.10 earnings per share for the quarter, beating the consensus estimate of ($1.56) by $1.66. The firm had revenue of $274.17 million during the quarter. Figma had a negative return on equity of 84.34% and a negative net margin of 99.32%.Figma’s revenue was up 38.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.04 earnings per share.

Insider Buying and Selling at Figma

In other news, CEO Dylan Field sold 62,500 shares of the business’s stock in a transaction on Wednesday, January 14th. The stock was sold at an average price of $32.63, for a total value of $2,039,375.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CRO Shaunt Voskanian sold 8,449 shares of the business’s stock in a transaction dated Monday, January 5th. The stock was sold at an average price of $37.24, for a total value of $314,640.76. Following the completion of the transaction, the executive directly owned 1,592,563 shares of the company’s stock, valued at approximately $59,307,046.12. This trade represents a 0.53% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 5,380,758 shares of company stock worth $202,878,962 in the last 90 days.

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.