26,547 Shares in Figma, Inc. $FIG Bought by Washington University

Washington University purchased a new position in Figma, Inc. (NYSE:FIG) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 26,547 shares of the company’s stock, valued at approximately $992,000. Figma comprises approximately 0.5% of Washington University’s holdings, making the stock its 5th biggest position.

A number of other hedge funds have also recently modified their holdings of the business. SC US Ttgp LTD. bought a new stake in shares of Figma during the third quarter worth $1,310,305,000. ICONIQ Capital LLC bought a new stake in shares of Figma during the third quarter valued at approximately $1,108,879,000. a16z Capital Management L.L.C. purchased a new stake in shares of Figma in the third quarter valued at approximately $842,687,000. Durable Capital Partners LP bought a new position in Figma in the third quarter worth approximately $278,510,000. Finally, Thrive Capital Management LLC purchased a new position in Figma during the 3rd quarter worth $228,034,000.

Figma Trading Down 3.4%

Shares of Figma stock opened at $20.41 on Thursday. Figma, Inc. has a 12-month low of $19.82 and a 12-month high of $142.92. The firm’s 50 day simple moving average is $25.49 and its two-hundred day simple moving average is $37.87. The firm has a market capitalization of $9.00 billion and a price-to-earnings ratio of -6.54.

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

Analyst Ratings Changes

FIG has been the topic of a number of recent research reports. The Goldman Sachs Group set a $35.00 price target on Figma in a research report on Thursday, February 19th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Figma in a research report on Monday, December 29th. Barclays raised shares of Figma to a “neutral” rating in a report on Thursday, January 8th. Stifel Nicolaus lowered their target price on Figma from $40.00 to $30.00 and set a “hold” rating for the company in a report on Thursday, February 19th. Finally, Wells Fargo & Company cut their price target on Figma from $52.00 to $42.00 and set an “overweight” rating on the stock in a report on Thursday, February 19th. Four research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $43.25.

Insider Activity

In related news, General Counsel Brendan Mulligan sold 4,817 shares of Figma stock in a transaction dated Monday, March 16th. The stock was sold at an average price of $26.30, for a total value of $126,687.10. Following the completion of the transaction, the general counsel owned 825,644 shares in the company, valued at $21,714,437.20. The trade was a 0.58% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CTO Kris Rasmussen sold 179,331 shares of the stock in a transaction that occurred on Tuesday, March 3rd. The stock was sold at an average price of $29.80, for a total value of $5,344,063.80. Following the transaction, the chief technology officer owned 10,169,178 shares in the company, valued at $303,041,504.40. This represents a 1.73% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 1,616,377 shares of company stock worth $49,751,858. 45.20% of the stock is currently owned by corporate insiders.

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.