Simplicity Wealth LLC Takes Position in Figma, Inc. $FIG

Simplicity Wealth LLC acquired a new stake in Figma, Inc. (NYSE:FIG) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 20,228 shares of the company’s stock, valued at approximately $1,049,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Rakuten Investment Management Inc. purchased a new position in Figma in the third quarter valued at about $4,425,000. Harel Insurance Investments & Financial Services Ltd. purchased a new position in Figma in the 3rd quarter valued at approximately $78,000. Rakuten Securities Inc. purchased a new position in Figma in the 3rd quarter valued at approximately $155,000. Sumitomo Mitsui Trust Group Inc. acquired a new position in Figma during the third quarter worth $11,075,000. Finally, Elite Wealth Management Inc. purchased a new stake in Figma during the third quarter worth $1,333,000.

Insider Buying and Selling at Figma

In other Figma news, CRO Shaunt Voskanian sold 8,449 shares of the firm’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 sale, 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. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, General Counsel Brendan Mulligan sold 5,666 shares of the company’s stock in a transaction dated Thursday, January 15th. The shares were sold at an average price of $32.02, for a total transaction of $181,425.32. Following the transaction, the general counsel directly owned 863,387 shares of the company’s stock, valued at approximately $27,645,651.74. This represents a 0.65% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 5,509,988 shares of company stock valued at $209,103,972. 45.20% of the stock is currently owned by insiders.

Figma Price Performance

Figma stock opened at $28.95 on Friday. The firm has a market cap of $12.04 billion and a PE ratio of -10.80. Figma, Inc. has a 12-month low of $26.79 and a 12-month high of $142.92. The business’s 50-day moving average price is $35.85.

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

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on FIG. JPMorgan Chase & Co. dropped their price target on Figma from $65.00 to $60.00 and set a “neutral” rating for the company in a research report on Thursday, November 6th. Morgan Stanley dropped their target price on shares of Figma from $65.00 to $48.00 and set an “equal weight” rating for the company in a report on Thursday, January 15th. Royal Bank Of Canada cut their target price on shares of Figma from $65.00 to $38.00 and set a “sector perform” rating for the company in a research report on Monday, January 5th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Figma in a research report on Monday, December 29th. Finally, Barclays upgraded Figma to a “neutral” rating in a research report on Thursday, January 8th. Four equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $52.13.

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.