Index Venture Growth Associates V Ltd Buys New Stake in Figma, Inc. $FIG

Index Venture Growth Associates V Ltd bought a new stake in Figma, Inc. (NYSE:FIG) in the 4th quarter, according to its most recent filing with the SEC. The fund bought 2,348,955 shares of the company’s stock, valued at approximately $87,780,000. Figma accounts for 28.5% of Index Venture Growth Associates V Ltd’s investment portfolio, making the stock its 2nd largest holding. Index Venture Growth Associates V Ltd owned about 0.56% of Figma as of its most recent filing with the SEC.

Several other large investors have also recently made changes to their positions in the company. SC US Ttgp LTD. acquired a new position in shares of Figma in the 3rd quarter valued at $1,310,305,000. ICONIQ Capital LLC acquired a new position in Figma during the third quarter worth $1,108,879,000. a16z Capital Management L.L.C. acquired a new position in Figma during the third quarter worth $842,687,000. JPMorgan Chase & Co. raised its position in Figma by 119.4% during the fourth quarter. JPMorgan Chase & Co. now owns 6,643,939 shares of the company’s stock worth $248,284,000 after acquiring an additional 3,615,198 shares during the period. Finally, Baillie Gifford & Co. raised its position in Figma by 93.8% during the fourth quarter. Baillie Gifford & Co. now owns 5,763,613 shares of the company’s stock worth $215,386,000 after acquiring an additional 2,789,986 shares during the period.

Figma Trading Down 4.1%

Shares of FIG opened at $18.55 on Friday. Figma, Inc. has a 12-month low of $16.60 and a 12-month high of $142.92. The firm has a 50-day moving average price of $20.59 and a 200 day moving average price of $27.00. The firm has a market capitalization of $8.27 billion and a P/E ratio of -5.41.

Figma (NYSE:FIG) last announced 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 net margin of 123.83% and a negative return on equity of 98.51%. The company had revenue of $333.44 million during the quarter. The firm’s revenue was up 46.1% compared to the same quarter last year. Equities research analysts predict that Figma, Inc. will post -0.78 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. Weiss Ratings restated a “sell (e+)” rating on shares of Figma in a research report on Tuesday, May 19th. Wells Fargo & Company reduced their price objective on shares of Figma from $52.00 to $42.00 and set an “overweight” rating for the company in a research report on Thursday, February 19th. Oppenheimer assumed coverage on shares of Figma in a research report on Wednesday, March 25th. They set a “market perform” rating for the company. Stifel Nicolaus set a $25.00 price objective on shares of Figma in a research report on Friday, May 15th. Finally, Morgan Stanley reduced their price objective on shares of Figma from $44.00 to $38.00 and set an “equal weight” rating for the company in a research report on Friday, May 15th. Four investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $38.63.

Insider Activity at Figma

In other news, CFO Praveer Melwani sold 83,974 shares of Figma stock in a transaction on Wednesday, June 3rd. The shares were sold at an average price of $22.77, for a total value of $1,912,087.98. Following the transaction, the chief financial officer directly owned 1,749,024 shares of the company’s stock, valued at $39,825,276.48. The trade was a 4.58% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CRO Shaunt Voskanian sold 87,510 shares of Figma stock in a transaction on Wednesday, June 3rd. The shares were sold at an average price of $23.01, for a total transaction of $2,013,605.10. Following the completion of the transaction, the executive owned 1,781,380 shares in the company, valued at approximately $40,989,553.80. This trade represents a 4.68% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 699,037 shares of company stock valued at $17,149,692 in the last quarter. Company insiders own 45.20% of the company’s stock.

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.