Matauro LLC Purchases Shares of 25,498 Figma, Inc. $FIG

Matauro LLC purchased a new stake in shares of Figma, Inc. (NYSE:FIG) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 25,498 shares of the company’s stock, valued at approximately $953,000.

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

Insider Activity at Figma

In other Figma news, CRO Shaunt Voskanian sold 8,554 shares of the business’s stock in a transaction on Wednesday, February 25th. The shares were sold at an average price of $30.00, for a total transaction of $256,620.00. Following the sale, the executive directly owned 1,580,181 shares of the company’s stock, valued at $47,405,430. The trade was a 0.54% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Tyler Herb sold 1,678 shares of the stock in a transaction on Tuesday, March 3rd. The shares were sold at an average price of $28.47, for a total value of $47,772.66. Following the completion of the sale, the chief accounting officer owned 188,913 shares of the company’s stock, valued at $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. Over the last 90 days, insiders sold 1,616,377 shares of company stock worth $49,751,858. Insiders own 45.20% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on FIG. The Goldman Sachs Group set a $35.00 price objective on shares of Figma in a research report on Thursday, February 19th. Stifel Nicolaus cut their target price on shares of Figma from $40.00 to $30.00 and set a “hold” rating for the company in a research note on Thursday, February 19th. Royal Bank Of Canada reduced their target price on shares of Figma from $38.00 to $31.00 and set a “sector perform” rating for the company in a report on Thursday, February 19th. Weiss Ratings restated a “sell (e+)” rating on shares of Figma in a research report on Monday, December 29th. Finally, Piper Sandler reaffirmed an “overweight” rating and issued a $35.00 price target on shares of Figma in a report on Thursday, February 19th. Four analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $43.25.

Figma Price Performance

Shares of FIG opened at $20.41 on Thursday. The company has a 50-day moving average of $25.49 and a two-hundred day moving average of $37.87. The stock has a market cap of $9.00 billion and a price-to-earnings ratio of -6.54. Figma, Inc. has a one year low of $19.82 and a one year high of $142.92.

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

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.