226,752 Shares in Figma, Inc. $FIG Acquired by Sands Capital Management LLC

Key Points

• Sands Capital bought 226,752 shares of Figma (~$11.76M) in Q3 and several other institutions (e.g., Baillie Gifford ~$154M, Capital International ~$61.9M, ARK ~$30.4M) established new sizable positions.
• Figma beat EPS estimates (reported $0.08 vs. a consensus -$0.20) with revenue of $303.8M (up 40.1% year-over-year), but remains unprofitable with a net margin of -121.87% and negative ROE of 97.03%.
• Notable insider activity: CEO Dylan Field sold 250,000 shares (~$8.67M) while Director Andrew Phillips Reed bought 912,749 shares (~$22.18M), increasing his stake to 1,466,852 shares; insiders have sold ~1.97M shares (~$62.09M) over the last 90 days.

Sands Capital Management LLC bought a new stake in Figma, Inc. (NYSE:FIG - Free Report) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 226,752 shares of the company's stock, valued at approximately $11,762,000. Sands Capital Management LLC owned approximately 0.05% of Figma as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently bought and sold shares of the company. Baillie Gifford & Co. acquired a new position in shares of Figma in the 3rd quarter valued at $154,242,000. Capital International Investors bought a new position in Figma during the third quarter worth about $61,918,000. Capital Research Global Investors bought a new position in Figma during the third quarter worth about $41,840,000. ARK Investment Management LLC acquired a new position in Figma in the third quarter valued at about $30,397,000. Finally, Capital World Investors acquired a new position in Figma in the third quarter valued at about $21,209,000.

Figma Trading Down 7.2%

NYSE:FIG opened at $28.30 on Wednesday. The stock has a market capitalization of $12.48 billion and a PE ratio of -9.07. Figma, Inc. has a 1-year low of $19.85 and a 1-year high of $142.92. The firm has a fifty day simple moving average of $28.87 and a 200 day simple moving average of $42.03.

Figma (NYSE:FIG - Get Free Report) last announced its quarterly earnings results on Wednesday, February 18th. The company reported $0.08 EPS for the quarter, beating analysts' consensus estimates of ($0.20) by $0.28. The firm had revenue of $303.78 million during the quarter. Figma had a negative net margin of 121.87% and a negative return on equity of 97.03%. The company's quarterly revenue was up 40.1% compared to the same quarter last year.

Insider Buying and Selling

In other news, CEO Dylan Field sold 250,000 shares of Figma stock in a transaction that occurred on Monday, December 15th. The stock was sold at an average price of $34.66, for a total transaction of $8,665,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Andrew Phillips Reed bought 912,749 shares of the firm's stock in a transaction that occurred on Monday, February 23rd. The shares were acquired at an average cost of $24.30 per share, for a total transaction of $22,179,800.70. Following the completion of the acquisition, the director directly owned 1,466,852 shares in the company, valued at $35,644,503.60. The trade was a 164.73% increase in their position. The SEC filing for this purchase provides additional information. Over the last 90 days, insiders sold 1,967,427 shares of company stock worth $62,086,778.

Wall Street Analysts Forecast Growth

FIG has been the topic of a number of research analyst reports. Wall Street Zen raised Figma from a "sell" rating to a "hold" rating in a research report on Sunday, February 8th. Weiss Ratings restated a "sell (e+)" rating on shares of Figma in a report on Monday, December 29th. Royal Bank Of Canada dropped their price objective on shares of Figma from $38.00 to $31.00 and set a "sector perform" rating on the stock in a report on Thursday, February 19th. Piper Sandler reaffirmed an "overweight" rating and issued a $35.00 target price on shares of Figma in a research note on Thursday, February 19th. Finally, The Goldman Sachs Group set a $35.00 price target on Figma in a report on Thursday, February 19th. Four equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $43.25.

Figma Company 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.

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