Headwater Capital Co Ltd Takes Position in Figma, Inc. $FIG

Headwater Capital Co Ltd bought a new stake in shares of Figma, Inc. (NYSE:FIG) in the 4th quarter, HoldingsChannel.com reports. The firm bought 520,000 shares of the company’s stock, valued at approximately $19,432,000. Figma makes up about 3.7% of Headwater Capital Co Ltd’s portfolio, making the stock its 9th largest holding.

Several other institutional investors and hedge funds also recently made changes to their positions in FIG. Truist Financial Corp purchased a new position in shares of Figma during the 3rd quarter valued at approximately $314,000. Jones Financial Companies Lllp purchased a new position in shares of Figma during the 3rd quarter valued at approximately $107,000. Prime Capital Investment Advisors LLC purchased a new position in shares of Figma during the 3rd quarter valued at approximately $217,000. RFG Advisory LLC purchased a new position in shares of Figma during the 3rd quarter valued at approximately $431,000. Finally, Alphabet Inc. purchased a new position in shares of Figma during the 3rd quarter valued at approximately $11,182,000.

Insider Buying and Selling

In other news, General Counsel Brendan Mulligan sold 18,741 shares of the stock in a transaction on Tuesday, May 19th. The stock was sold at an average price of $25.04, for a total value of $469,274.64. Following the completion of the transaction, the general counsel owned 987,986 shares of the company’s stock, valued at approximately $24,739,169.44. This represents a 1.86% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Praveer Melwani sold 83,974 shares of the stock in a transaction on Wednesday, June 3rd. The stock was sold at an average price of $22.77, for a total value of $1,912,087.98. Following the completion of the transaction, the chief financial officer directly owned 1,749,024 shares of the company’s stock, valued at approximately $39,825,276.48. The trade was a 4.58% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 699,037 shares of company stock valued at $17,149,692. Company insiders own 45.20% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. BTIG Research assumed coverage on Figma in a research note on Monday, April 13th. They set a “neutral” rating for the company. The Goldman Sachs Group set a $35.00 target price on Figma in a research note on Thursday, February 19th. Morgan Stanley dropped their price target on Figma from $44.00 to $38.00 and set an “equal weight” rating on the stock in a research report on Friday, May 15th. Royal Bank Of Canada dropped their price target on Figma from $31.00 to $28.00 and set a “sector perform” rating on the stock in a research report on Friday, May 15th. Finally, JPMorgan Chase & Co. dropped their price target on Figma from $45.00 to $42.00 and set a “neutral” rating on the stock in a research report on Friday, May 15th. Four analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Figma currently has a consensus rating of “Hold” and an average target price of $38.63.

Figma Price Performance

Shares of NYSE FIG opened at $19.37 on Friday. Figma, Inc. has a 1-year low of $16.60 and a 1-year high of $142.92. The business’s fifty day moving average price is $20.63 and its two-hundred day moving average price is $27.06. The firm has a market capitalization of $8.63 billion and a PE ratio of -5.65.

Figma (NYSE:FIG) last issued its earnings results on Thursday, May 14th. The company reported $0.10 earnings per share for the quarter, topping the consensus estimate of ($0.17) by $0.27. Figma had a negative return on equity of 98.51% and a negative net margin of 123.83%.The firm had revenue of $333.44 million for the quarter. The firm’s revenue was up 46.1% compared to the same quarter last year. Equities research analysts expect that Figma, Inc. will post -0.78 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.