806,640 Shares in Figma, Inc. $FIG Acquired by Capital Research Global Investors

Key Points

• Capital Research Global Investors purchased 806,640 shares of Figma (NYSE:FIG) in Q3 — about $41.84 million and ~0.19% of the company — and several other large institutions (Baillie Gifford, Capital International, ARK, Capital World and Alphabet) also initiated sizable stakes.
• Insiders sold nearly 1,967,427 shares (~$62.09 million) over the last quarter, including CTO Kris Rasmussen's sale of 179,331 shares at $29.80, though insiders still hold 45.20% of the company's stock.
• Analysts maintain a consensus Hold rating with an average target of $43.25 amid mixed price-target moves; Figma beat EPS expectations ($0.08 vs. -$0.20) and revenue rose 40.1%, but the company remains unprofitable with negative net margin and ROE.

Capital Research Global Investors bought a new stake in shares of Figma, Inc. (NYSE:FIG - Free Report) during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 806,640 shares of the company's stock, valued at approximately $41,840,000. Capital Research Global Investors owned about 0.19% of Figma as of its most recent filing with the SEC.

Several other hedge funds also recently bought and sold shares of the stock. Baillie Gifford & Co. acquired a new position in shares of Figma in the third quarter worth $154,242,000. Capital International Investors purchased a new stake in shares of Figma in the third quarter valued at $61,918,000. ARK Investment Management LLC acquired a new stake in shares of Figma during the third quarter valued at $30,397,000. Capital World Investors purchased a new stake in Figma during the 3rd quarter worth about $21,209,000. Finally, Alphabet Inc. purchased a new stake in Figma during the 3rd quarter worth about $11,182,000.

Analyst Ratings Changes

Several research analysts recently weighed in on FIG shares. Weiss Ratings reissued a "sell (e+)" rating on shares of Figma in a research note on Monday, December 29th. Morgan Stanley set a $44.00 price target on shares of Figma in a report on Thursday, February 19th. The Goldman Sachs Group set a $35.00 price objective on shares of Figma in a research report on Thursday, February 19th. Stifel Nicolaus reduced 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. Finally, Wells Fargo & Company decreased their target price on shares of Figma from $52.00 to $42.00 and set an "overweight" rating on the stock in a research report on Thursday, February 19th. Four research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $43.25.

Insider Activity at Figma

In other news, CTO Kris Rasmussen sold 179,331 shares of the stock in a transaction on Tuesday, March 3rd. The shares were sold at an average price of $29.80, for a total value of $5,344,063.80. Following the completion of the sale, the chief technology officer owned 10,169,178 shares of the company's stock, valued at $303,041,504.40. This represents a 1.73% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CRO Shaunt Voskanian sold 8,554 shares of the firm's stock in a transaction on Wednesday, February 25th. The shares were sold at an average price of $30.00, for a total transaction of $256,620.00. Following the completion of the transaction, the executive directly owned 1,580,181 shares in the company, valued at approximately $47,405,430. This represents a 0.54% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 1,967,427 shares of company stock valued at $62,086,778 over the last quarter. Company insiders own 45.20% of the company's stock.

Figma Price Performance

NYSE FIG opened at $26.22 on Friday. Figma, Inc. has a 1-year low of $19.85 and a 1-year high of $142.92. The firm has a market capitalization of $11.56 billion and a P/E ratio of -8.40. The business's 50-day simple moving average is $28.45 and its 200-day simple moving average is $41.82.

Figma (NYSE:FIG - Get Free Report) last posted its earnings results on Wednesday, February 18th. The company reported $0.08 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 was up 40.1% on a year-over-year basis.

About Figma

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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