SG Americas Securities LLC Increases Stock Position in Figma, Inc. $FIG

SG Americas Securities LLC raised its stake in shares of Figma, Inc. (NYSE:FIG) by 34.4% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 150,623 shares of the company’s stock after purchasing an additional 38,513 shares during the period. SG Americas Securities LLC’s holdings in Figma were worth $5,629,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently made changes to their positions in the company. Noble Wealth Management PBC purchased a new stake in shares of Figma in the fourth quarter worth about $147,000. Hudson Bay Capital Management LP purchased a new position in Figma during the 3rd quarter valued at approximately $916,000. IFP Advisors Inc bought a new stake in Figma in the 3rd quarter worth approximately $40,000. CIBC Private Wealth Group LLC bought a new stake in Figma in the 3rd quarter worth approximately $33,000. Finally, Wilmington Savings Fund Society FSB purchased a new stake in shares of Figma during the 3rd quarter worth approximately $27,000.

Insider Transactions at Figma

In related news, CTO Kris Rasmussen sold 179,331 shares of the stock in a transaction dated Tuesday, March 3rd. The shares were sold at an average price of $29.80, for a total value of $5,344,063.80. Following the sale, the chief technology officer directly owned 10,169,178 shares of the company’s stock, valued at $303,041,504.40. This represents a 1.73% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Tyler Herb sold 1,678 shares of the firm’s stock in a transaction dated Tuesday, March 3rd. The stock was sold at an average price of $28.47, for a total transaction of $47,772.66. Following the completion of the sale, the chief accounting officer directly owned 188,913 shares of the company’s stock, valued at approximately $5,378,353.11. The trade was a 0.88% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 1,616,377 shares of company stock worth $49,751,858.

Figma Stock Performance

NYSE FIG opened at $21.13 on Wednesday. The company has a market cap of $9.32 billion and a P/E ratio of -6.77. The business’s 50 day moving average price is $25.62 and its 200-day moving average price is $37.99. Figma, Inc. has a fifty-two week low of $19.82 and a fifty-two week high of $142.92.

Figma (NYSE:FIG) last issued its quarterly earnings results on Wednesday, February 18th. The company reported $0.08 earnings per share (EPS) 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 return on equity of 97.03% and a negative net margin of 121.87%.The business’s revenue was up 40.1% compared to the same quarter last year.

Analyst Ratings Changes

A number of research analysts recently weighed in on FIG shares. Piper Sandler reissued an “overweight” rating and issued a $35.00 target price on shares of Figma in a report on Thursday, February 19th. Barclays raised shares of Figma to a “neutral” rating in a research note on Thursday, January 8th. Stifel Nicolaus lowered their price objective on shares of Figma from $40.00 to $30.00 and set a “hold” rating for the company in a research 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, Wells Fargo & Company decreased their target price on shares of Figma from $52.00 to $42.00 and set an “overweight” rating on the stock in a research report on Thursday, February 19th. Four analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Figma has an average rating of “Hold” and an average price target of $43.25.

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.