Alphabet Inc. Makes New $11.18 Million Investment in Figma, Inc. $FIG

Key Points

• Alphabet bought 215,582 shares of Figma in Q3 worth about $11.18 million, representing ~0.05% ownership of Figma and ~0.5% of Alphabet’s investment portfolio (Alphabet’s 14th largest holding).
• Wall Street consensus is a Hold on FIG with an average target price of $47.75, reflecting mixed analyst moves—Piper Sandler cut its target to $35 while Wells Fargo upgraded to overweight with a $52 target and Goldman Sachs initiated at neutral/$40.
• Figma shares trade near $22.49 with a 52-week range of $19.85–$142.92 and a $9.35 billion market cap, and insiders have sold heavily recently (4.82 million shares, ~$172.4 million over 90 days) though insiders still own 45.2%.

Alphabet Inc. acquired a new stake in Figma, Inc. (NYSE:FIG - Free Report) during the third quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 215,582 shares of the company's stock, valued at approximately $11,182,000. Figma comprises about 0.5% of Alphabet Inc.'s investment portfolio, making the stock its 14th biggest position. Alphabet Inc. owned approximately 0.05% of Figma as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Whittier Trust Co. of Nevada Inc. bought a new stake in shares of Figma in the 3rd quarter valued at $26,000. SOA Wealth Advisors LLC. acquired a new stake in Figma in the third quarter worth $39,000. Tripletail Wealth Management LLC bought a new stake in Figma in the third quarter valued at $53,000. CoreCap Advisors LLC acquired a new position in shares of Figma during the third quarter valued at about $57,000. Finally, North Star Investment Management Corp. bought a new position in shares of Figma during the 3rd quarter worth about $62,000.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on FIG shares. Piper Sandler decreased their target price on Figma from $70.00 to $35.00 and set an "overweight" rating for the company in a research report on Monday, February 2nd. Wells Fargo & Company raised Figma from an "equal weight" rating to an "overweight" rating and set a $52.00 price objective for the company in a research note on Thursday, January 8th. Weiss Ratings reaffirmed a "sell (e+)" rating on shares of Figma in a research report on Monday, December 29th. JPMorgan Chase & Co. cut their target price on Figma from $65.00 to $60.00 and set a "neutral" rating on the stock in a report on Thursday, November 6th. Finally, The Goldman Sachs Group initiated coverage on shares of Figma in a research note on Monday, January 12th. They set a "neutral" rating and a $40.00 price target for the company. Four analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $47.75.

Figma Stock Performance

Figma stock opened at $22.49 on Friday. Figma, Inc. has a fifty-two week low of $19.85 and a fifty-two week high of $142.92. The firm's 50-day simple moving average is $32.30 and its 200 day simple moving average is $48.29. The stock has a market cap of $9.35 billion and a PE ratio of -8.39.

Insider Activity at Figma

In related news, CTO Kris Rasmussen sold 205,438 shares of the stock in a transaction that occurred on Tuesday, February 10th. The stock was sold at an average price of $25.01, for a total transaction of $5,138,004.38. Following the completion of the sale, the chief technology officer directly owned 10,418,905 shares of the company's stock, valued at approximately $260,576,814.05. This trade represents a 1.93% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Dylan Field sold 3,029,063 shares of Figma stock in a transaction on Monday, November 17th. The stock was sold at an average price of $37.30, for a total value of $112,984,049.90. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 4,816,044 shares of company stock valued at $172,433,587. 45.20% of the stock is currently owned by corporate insiders.

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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