275,538 Shares in Figma, Inc. $FIG Purchased by Freestone Capital Holdings LLC

Key Points

• Freestone Capital acquired a new position of 275,538 shares of Figma (FIG) in Q4, valued at about $10.3 million, representing roughly 0.07% ownership at period end.
• Company insiders have been selling sizable stakes recently: CTO Kris Rasmussen sold 205,438 shares and CEO Dylan Field sold 250,000 shares, with insiders disposing of 1,378,811 shares worth about $40.9 million over the past three months.
• Figma reported better-than-expected Q results—$0.08 EPS vs. -$0.20 estimate and revenue up 40.1% to $303.78 million—but remains unprofitable with a net margin of -121.87% and negative ROE of 97.03%.

Freestone Capital Holdings LLC acquired a new position in shares of Figma, Inc. (NYSE:FIG - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 275,538 shares of the company's stock, valued at approximately $10,297,000. Freestone Capital Holdings LLC owned approximately 0.07% of Figma at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of FIG. Whittier Trust Co. of Nevada Inc. bought a new stake in Figma during the third quarter worth about $26,000. NewEdge Advisors LLC bought a new stake in Figma during the third quarter worth about $26,000. Wilmington Savings Fund Society FSB bought a new stake in Figma during the third quarter worth about $27,000. Sunbelt Securities Inc. bought a new stake in Figma during the third quarter worth about $30,000. Finally, US Bancorp DE bought a new stake in Figma during the third quarter worth about $31,000.

Figma Stock Performance

Shares of Figma stock opened at $19.15 on Tuesday. The stock has a market capitalization of $8.45 billion and a PE ratio of -6.14. Figma, Inc. has a 52-week low of $17.73 and a 52-week high of $142.92. The company has a 50-day simple moving average of $24.27 and a two-hundred day simple moving average of $35.73.

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

Insider Activity

In other news, CTO Kris Rasmussen sold 205,438 shares of the business's stock in a transaction that occurred on Tuesday, February 10th. The shares were sold at an average price of $25.01, for a total transaction of $5,138,004.38. Following the completion of the transaction, the chief technology officer directly owned 10,418,905 shares of the company's stock, valued at $260,576,814.05. The trade was a 1.93% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Dylan Field sold 250,000 shares of the business's stock in a transaction that occurred on Wednesday, January 14th. The shares were sold at an average price of $32.63, for a total transaction of $8,157,500.00. The SEC filing for this sale provides additional information. Insiders sold 1,378,811 shares of company stock valued at $40,904,464 over the last three months.

Analysts Set New Price Targets

Several equities research analysts recently commented on the stock. Wells Fargo & Company dropped their price objective on shares of Figma from $52.00 to $42.00 and set an "overweight" rating on the stock in a research note on Thursday, February 19th. Stifel Nicolaus dropped their price objective on shares of Figma from $40.00 to $30.00 and set a "hold" rating on the stock in a research note on Thursday, February 19th. The Goldman Sachs Group set a $35.00 price objective on shares of Figma in a research note on Thursday, February 19th. Oppenheimer initiated coverage on shares of Figma in a report on Wednesday, March 25th. They issued a "market perform" rating for the company. Finally, BTIG Research initiated coverage on shares of Figma in a report on Monday. They issued a "neutral" rating for the company. Four investment 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.com, the company currently has an average rating of "Hold" and a consensus price target of $43.25.

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.

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