Figma (NYSE:FIG) Director Andrew Phillips Reed Purchases 554,103 Shares

Figma, Inc. (NYSE:FIG) Director Andrew Phillips Reed purchased 554,103 shares of the company’s stock in a transaction that occurred on Friday, February 20th. The stock was purchased at an average price of $25.90 per share, for a total transaction of $14,351,267.70. Following the purchase, the director owned 554,103 shares in the company, valued at $14,351,267.70. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Andrew Phillips Reed also recently made the following trade(s):

• On Monday, February 23rd, Andrew Phillips Reed bought 912,749 shares of Figma stock. The stock was purchased at an average cost of $24.30 per share, with a total value of $22,179,800.70.

Figma Stock Performance

Shares of NYSE FIG opened at $27.41 on Wednesday. The firm’s 50 day moving average price is $30.55 and its 200-day moving average price is $45.39. Figma, Inc. has a 52-week low of $19.85 and a 52-week high of $142.92. The company has a market cap of $12.09 billion and a PE ratio of -8.79.

Figma (NYSE:FIG) last announced its quarterly earnings data on Wednesday, February 18th. The company reported $0.08 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.20) by $0.28. The company had revenue of $303.78 million during the quarter. Figma had a negative net margin of 121.87% and a negative return on equity of 97.03%. The business’s quarterly revenue was up 40.1% on a year-over-year basis.

Institutional Investors Weigh In On Figma

A number of hedge funds have recently modified their holdings of the business. Whittier Trust Co. of Nevada Inc. purchased a new stake in shares of Figma in the 3rd quarter worth $26,000. NewEdge Advisors LLC purchased a new position in Figma during the third quarter valued at $26,000. DV Equities LLC bought a new stake in Figma during the fourth quarter valued at about $26,000. Concord Wealth Partners increased its position in Figma by 1,446.8% in the fourth quarter. Concord Wealth Partners now owns 727 shares of the company’s stock worth $27,000 after buying an additional 680 shares in the last quarter. Finally, Harbour Investments Inc. lifted its position in shares of Figma by 1,568.2% during the 4th quarter. Harbour Investments Inc. now owns 734 shares of the company’s stock valued at $27,000 after buying an additional 690 shares in the last quarter.

More Figma News

Here are the key news stories impacting Figma this week:

• Positive Sentiment: Director Andrew Phillips Reed made large, disclosed purchases this week totaling roughly 1.47M shares (~$36M at the reported averages), boosting his stake >160% — a strong insider-confidence signal that likely contributed to buying interest. SEC Form 4 — Reed purchases
• Positive Sentiment: ARK Invest (Cathie Wood) purchased ≈$11.8M of Figma shares as part of a broader tech/AI buy; institutional buying from a prominent active manager can spark momentum trading and attract other growth-focused funds. Why Figma Stock Popped Today
• Positive Sentiment: Recent quarterly results showed an EPS beat and solid revenue growth (revenue +40.1% y/y), reinforcing the growth narrative and giving fundamental support to the rally. MarketBeat — FIG company summary & earnings
• Neutral Sentiment: Coverage of Figma’s new AI pricing highlights tradeoffs between usage, monetization and valuation — this could be positive if it drives adoption/revenue or negative if it limits usage; investors are parsing details. Figma’s New AI Pricing Puts Usage And Valuation In Sharper Focus
• Neutral Sentiment: Company insiders (General Counsel Brendan Mulligan and CAO Tyler Herb) reported small sales (several thousand shares each) — routine executive selling and diversification that appears immaterial relative to the large director buys but gets noticed by the market. Mulligan Form 4 — insider sale
• Negative Sentiment: Several analysts trimmed price targets (Wells Fargo, RBC, Stifel among others) and the consensus remains a “Hold” with a mid‑$40s average target — downward revisions can cap near‑term upside and add selling pressure for momentum traders. MarketBeat — analyst notes

Wall Street Analysts Forecast Growth

FIG has been the topic of a number of recent analyst reports. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Figma in a report on Monday, December 29th. Wall Street Zen raised shares of Figma from a “sell” rating to a “hold” rating in a research report on Sunday, February 8th. Wells Fargo & Company decreased their target price on shares of Figma from $52.00 to $42.00 and set an “overweight” rating for the company in a research note on Thursday, February 19th. Morgan Stanley set a $44.00 price target on Figma in a research note on Thursday, February 19th. Finally, Piper Sandler reaffirmed an “overweight” rating and issued a $35.00 price objective on shares of Figma in a report on Thursday, February 19th. Four research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Figma has an average rating of “Hold” and a consensus target price of $43.25.

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.