Figma, Inc. $FIG Shares Purchased by Teachers Retirement System of The State of Kentucky

Teachers Retirement System of The State of Kentucky increased its position in shares of Figma, Inc. (NYSE:FIG) by 26.4% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 135,300 shares of the company’s stock after purchasing an additional 28,300 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Figma were worth $2,860,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Mirae Asset Global Investments Co. Ltd. raised its position in shares of Figma by 69.3% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 285,055 shares of the company’s stock valued at $10,653,000 after buying an additional 116,681 shares during the period. Freestone Capital Holdings LLC acquired a new position in Figma in the fourth quarter valued at approximately $10,297,000. Baillie Gifford & Co. grew its position in Figma by 93.8% in 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. Ieq Capital LLC grew its position in Figma by 1,670.9% in the fourth quarter. Ieq Capital LLC now owns 973,880 shares of the company’s stock worth $36,394,000 after acquiring an additional 918,886 shares during the period. Finally, Brighton Jones LLC acquired a new stake in Figma during the fourth quarter worth $10,129,000.

Figma Stock Performance

Shares of FIG opened at $23.76 on Wednesday. The company’s 50-day simple moving average is $21.00 and its 200-day simple moving average is $24.25. Figma, Inc. has a 1 year low of $16.60 and a 1 year high of $142.92. The stock has a market capitalization of $10.59 billion and a PE ratio of -6.93.

Figma (NYSE:FIG) last announced its quarterly earnings data on Thursday, May 14th. The company reported $0.10 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.17) by $0.27. The firm 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 business’s quarterly revenue was up 46.1% compared to the same quarter last year. On average, sell-side analysts predict that Figma, Inc. will post -0.8 earnings per share for the current year.

Insider Buying and Selling

In other Figma news, CEO Dylan Field sold 174,430 shares of the business’s stock in a transaction on Friday, May 29th. The shares were sold at an average price of $25.02, for a total value of $4,364,238.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, General Counsel Brendan Mulligan sold 18,741 shares of the company’s stock in a transaction on Tuesday, May 19th. The stock was sold at an average price of $25.04, for a total value of $469,274.64. Following the sale, the general counsel directly owned 987,986 shares in the company, valued at $24,739,169.44. This represents a 1.86% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 733,309 shares of company stock worth $17,824,756 over the last three months. 32.26% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of research firms have commented on FIG. Morgan Stanley reduced their target price on Figma from $44.00 to $38.00 and set an “equal weight” rating on the stock in a research report on Friday, May 15th. Royal Bank Of Canada lowered their price target on Figma from $28.00 to $22.00 and set a “sector perform” rating for the company in a report on Thursday, June 25th. Wells Fargo & Company cut their price objective on Figma from $42.00 to $36.00 and set an “overweight” rating for the company in a research report on Friday, June 26th. Oppenheimer restated a “market perform” rating on shares of Figma in a report on Thursday, June 25th. Finally, Stifel Nicolaus set a $25.00 target price on shares of Figma in a research report on Friday, May 15th. Five equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $32.67.

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.