Figma, Inc. $FIG Shares Sold by SurgoCap Partners LP

SurgoCap Partners LP trimmed its position in Figma, Inc. (NYSE:FIG) by 19.4% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,867,515 shares of the company’s stock after selling 450,000 shares during the period. Figma makes up about 1.9% of SurgoCap Partners LP’s portfolio, making the stock its 16th largest holding. SurgoCap Partners LP’s holdings in Figma were worth $69,789,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in FIG. SC US Ttgp LTD. acquired a new stake in Figma in the third quarter worth approximately $1,310,305,000. ICONIQ Capital LLC acquired a new stake in Figma in the third quarter worth approximately $1,108,879,000. a16z Capital Management L.L.C. acquired a new stake in Figma in the third quarter worth approximately $842,687,000. Durable Capital Partners LP acquired a new stake in Figma in the third quarter worth approximately $278,510,000. Finally, Thrive Capital Management LLC acquired a new stake in Figma in the third quarter worth approximately $228,034,000.

Analyst Ratings Changes

FIG has been the subject of a number of recent research reports. The Goldman Sachs Group set a $35.00 price objective on Figma in a research report on Thursday, February 19th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Figma in a research report on Tuesday, May 19th. Wells Fargo & Company cut their price objective on Figma from $52.00 to $42.00 and set an “overweight” rating for the company in a research report on Thursday, February 19th. Piper Sandler reiterated an “overweight” rating and set a $30.00 price objective (down from $35.00) on shares of Figma in a research report on Friday, May 15th. Finally, Royal Bank Of Canada cut their price objective on Figma from $31.00 to $28.00 and set a “sector perform” rating for the company 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 given a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $38.63.

Insider Buying and Selling

In other news, CEO Dylan Field sold 174,430 shares of the stock in a transaction on Friday, May 29th. The stock was sold at an average price of $25.02, for a total value of $4,364,238.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Tyler Herb sold 1,850 shares of the stock in a transaction on Monday, June 1st. The shares were sold at an average price of $26.40, for a total value of $48,840.00. Following the completion of the sale, the chief accounting officer owned 263,435 shares of the company’s stock, valued at $6,954,684. The trade was a 0.70% 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last three months, insiders have sold 694,220 shares of company stock valued at $17,023,005.

Figma Stock Performance

Shares of NYSE:FIG opened at $18.51 on Tuesday. Figma, Inc. has a one year low of $16.60 and a one year high of $142.92. The stock has a fifty day moving average of $20.54 and a 200-day moving average of $26.82. The company has a market capitalization of $8.25 billion and a PE ratio of -5.40.

Figma (NYSE:FIG) last released its earnings results on Thursday, May 14th. The company reported $0.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.17) by $0.27. The company had revenue of $333.44 million during the quarter. Figma had a negative return on equity of 98.51% and a negative net margin of 123.83%.The business’s quarterly revenue was up 46.1% compared to the same quarter last year. As a group, research analysts forecast that Figma, Inc. will post -0.78 EPS for the current fiscal year.

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.