Wesbanco Bank Inc. Purchases New Holdings in Figma, Inc. $FIG

Wesbanco Bank Inc. acquired a new position in shares of Figma, Inc. (NYSE:FIG) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 62,000 shares of the company’s stock, valued at approximately $1,311,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in FIG. SC US Ttgp LTD. acquired a new stake in shares of Figma during the 3rd quarter worth $1,310,305,000. ICONIQ Capital LLC acquired a new position in Figma in the third quarter valued at about $1,108,879,000. a16z Capital Management L.L.C. acquired a new position in Figma in the third quarter valued at about $842,687,000. JPMorgan Chase & Co. lifted 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 purchasing an additional 3,615,198 shares during the period. Finally, Baillie Gifford & Co. lifted 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 purchasing an additional 2,789,986 shares during the period.

Figma Trading Up 10.3%

FIG stock opened at $18.58 on Friday. The firm has a 50-day moving average price of $20.28 and a 200-day moving average price of $25.74. Figma, Inc. has a 12 month low of $16.60 and a 12 month high of $142.92. The stock has a market capitalization of $8.28 billion and a P/E ratio of -5.42.

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

Key Headlines Impacting Figma

Here are the key news stories impacting Figma this week:

• Positive Sentiment: Citi initiated coverage with a Buy rating and a $36 price target, saying the market may be underestimating Figma’s ability to monetize AI. Citi Initiates Figma (FIG) With a Buy Rating, Here’s What You Need to Know
• Positive Sentiment: Piper Sandler reaffirmed an Overweight rating and kept a $30 price target, reinforcing the view that the stock has meaningful upside from current levels. Benzinga coverage of Piper Sandler rating
• Positive Sentiment: At Config 2026, Figma unveiled new AI-driven product capabilities, including an “Intelligent Canvas” aimed at full-stack product creation, which could support future revenue growth and help improve monetization. Figma Unveils AI-Powered ‘Intelligent Canvas’ for Full-Stack Product Creation at Config 2026

Analyst Ratings Changes

Several equities analysts have commented on the stock. Stifel Nicolaus set a $25.00 target price on shares of Figma in a report on Friday, May 15th. Piper Sandler reiterated an “overweight” rating and set a $30.00 price target on shares of Figma in a research report on Thursday. Oppenheimer reiterated a “market perform” rating on shares of Figma in a research report on Thursday. Wells Fargo & Company lowered their price objective on shares of Figma from $42.00 to $36.00 and set an “overweight” rating for the company in a research report on Friday. Finally, JPMorgan Chase & Co. cut their target price on Figma from $45.00 to $42.00 and set a “neutral” rating for the company in a research note on Friday, May 15th. Five analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $37.00.

Insider Activity

In other Figma news, CAO Tyler Herb sold 1,850 shares of the business’s stock in a transaction on Monday, June 1st. The shares were sold at an average price of $26.40, for a total transaction of $48,840.00. Following the sale, the chief accounting officer owned 263,435 shares of the company’s stock, valued at approximately $6,954,684. The trade was a 0.70% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 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. Also, CTO Kris Rasmussen sold 327,046 shares of the stock in a transaction on Tuesday, May 19th. The shares were sold at an average price of $25.07, for a total value of $8,199,043.22. Following the completion of the transaction, the chief technology officer owned 9,771,529 shares of the company’s stock, valued at $244,972,232.03. The trade was a 3.24% 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. In the last quarter, insiders have sold 694,220 shares of company stock valued at $17,023,005. 45.20% of the stock is currently owned by 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.