SC US Ttgp LTD. Takes $1.31 Billion Position in Figma, Inc. $FIG

SC US Ttgp LTD. purchased a new position in shares of Figma, Inc. (NYSE:FIG) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 25,261,320 shares of the company’s stock, valued at approximately $1,310,305,000. Figma comprises approximately 8.1% of SC US Ttgp LTD.’s portfolio, making the stock its 4th largest position. SC US Ttgp LTD. owned about 6.07% of Figma at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Whittier Trust Co. of Nevada Inc. acquired a new position in Figma in the third quarter worth $26,000. US Bancorp DE acquired a new position in Figma during the 3rd quarter worth about $31,000. Montag A & Associates Inc. bought a new stake in Figma during the 3rd quarter worth about $33,000. SOA Wealth Advisors LLC. acquired a new stake in Figma in the 3rd quarter valued at about $39,000. Finally, Tripletail Wealth Management LLC bought a new position in shares of Figma in the third quarter worth about $53,000.

Analyst Ratings Changes

A number of brokerages have commented on FIG. Morgan Stanley set a $44.00 price objective on Figma in a research report on Thursday, February 19th. JPMorgan Chase & Co. dropped their price target on shares of Figma from $65.00 to $60.00 and set a “neutral” rating for the company in a research note on Thursday, November 6th. Piper Sandler restated an “overweight” rating and issued a $35.00 price objective on shares of Figma in a report on Thursday, February 19th. The Goldman Sachs Group set a $35.00 target price on shares of Figma in a report on Thursday, February 19th. Finally, Royal Bank Of Canada cut their price target on Figma from $38.00 to $31.00 and set a “sector perform” rating on the stock in a research note on Thursday, February 19th. Four investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Figma has an average rating of “Hold” and an average target price of $43.25.

Figma Stock Down 2.7%

Shares of NYSE FIG opened at $29.39 on Friday. Figma, Inc. has a twelve month low of $19.85 and a twelve month high of $142.92. The stock has a market cap of $12.96 billion and a price-to-earnings ratio of -9.42. The company’s fifty day moving average is $30.10 and its 200-day moving average is $44.52.

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

Insider Activity

In other Figma news, Director Andrew Phillips Reed acquired 912,749 shares of the firm’s stock in a transaction that occurred on Monday, February 23rd. The stock was acquired at an average cost of $24.30 per share, for a total transaction of $22,179,800.70. Following the transaction, the director owned 1,466,852 shares of the company’s stock, valued at $35,644,503.60. This trade represents a 164.73% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Dylan Field sold 250,000 shares of the stock in a transaction that occurred on Monday, December 15th. The stock was sold at an average price of $34.66, for a total value of $8,665,000.00. The SEC filing for this sale provides additional information. Insiders have sold 1,536,057 shares of company stock worth $50,369,887 in the last 90 days. Corporate insiders own 45.20% of the company’s stock.

Key Stories Impacting Figma

Here are the key news stories impacting Figma this week:

• Positive Sentiment: Large insider buying by a director signals confidence — two separate director purchases announced totaling roughly $36.5M in stock, which can support sentiment about insider conviction. Figma (NYSE:FIG) Director Acquires $14,351,267.70 in Stock
• Positive Sentiment: Another large director buy reported (about $22.18M), further offsetting concerns from insider sales and suggesting long-term insider confidence. Insider Buying: Figma (NYSE:FIG) Director Buys $22,179,800.70 in Stock
• Positive Sentiment: Product/AI partnership: Figma is integrating OpenAI Codex support, which could strengthen its AI-enabled workflow and competitive positioning. Figma partners with OpenAI to bake in support for Codex
• Positive Sentiment: Strategic analysis highlights Figma’s orchestration/MCP network effects as a potential long-term defensibility factor — bullish for durable competitive moat if execution continues. Figma’s orchestration bet: Why MCP network effects redefine software defensibility
• Neutral Sentiment: Market take on incumbents: coverage suggests Figma’s AI credits are pressuring Creative Cloud valuation — could be positive for Figma competitive stance but uncertain in near term. Adobe Valuation Questioned As Figma AI Credits Challenge Creative Cloud
• Negative Sentiment: Executive selling: CTO Kris Rasmussen sold 51,359 shares (~$1.54M) — routine diversification but often viewed negatively by investors when clustered with other selling. SEC Form 4 – Kris Rasmussen
• Negative Sentiment: CRO Shaunt Voskanian also sold 8,554 shares (~$256.6k), adding to the appearance of insider selling pressure. SEC Form 4 – Shaunt Voskanian
• Negative Sentiment: Market action: Benzinga reports FIG slid amid a Friday market rout and rotation out of richly valued tech names — broad macro-driven selling pressure. Figma Stock Slides On AI Competition Amid Friday Market Rout
• Negative Sentiment: Notable criticism: Jim Cramer questioned Figma’s moat, which can weigh on sentiment among retail and momentum investors. Figma (FIG) Doesn’t Have The Moat That It Thinks, Says Jim Cramer

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.