Baillie Gifford & Co. Acquires 2,789,986 Shares of Figma, Inc. $FIG

Key Points

• Baillie Gifford raised its stake in Figma by 93.8% in Q4, buying 2,789,986 shares to hold 5,763,613 shares (about 1.39% of the company) worth roughly $215.4 million.
• Several large institutions (including SC US Ttgp LTD, ICONIQ Capital and a16z) established sizable new positions in Q3, each investing hundreds of millions, signaling strong institutional interest.
• Insider selling has been notable—CEO Dylan Field sold 250,000 shares (~$7.7M) and insiders sold about 1,378,811 shares (~$40.9M) over the past 90 days—while the stock trades near $18.12 despite a recent EPS beat, 40% YoY revenue growth and a consensus target of $43.25.

Baillie Gifford & Co. increased its position in Figma, Inc. (NYSE:FIG - Free Report) by 93.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,763,613 shares of the company's stock after purchasing an additional 2,789,986 shares during the period. Baillie Gifford & Co. owned 1.39% of Figma worth $215,386,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. SC US Ttgp LTD. bought a new position in Figma during the 3rd quarter valued at approximately $1,310,305,000. ICONIQ Capital LLC purchased a new position in shares of Figma in the 3rd quarter worth $1,108,879,000. a16z Capital Management L.L.C. purchased a new position in shares of Figma in the 3rd quarter worth $842,687,000. Durable Capital Partners LP purchased a new position in shares of Figma in the 3rd quarter worth $278,510,000. Finally, Thrive Capital Management LLC purchased a new position in shares of Figma in the 3rd quarter worth $228,034,000.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on FIG shares. Piper Sandler reiterated an "overweight" rating and set a $35.00 target price on shares of Figma in a research report on Thursday, February 19th. The Goldman Sachs Group set a $35.00 price target on shares of Figma in a report on Thursday, February 19th. Weiss Ratings restated a "sell (e+)" rating on shares of Figma in a research report on Monday, December 29th. Wells Fargo & Company lowered their price objective on Figma from $52.00 to $42.00 and set an "overweight" rating on the stock in a research report on Thursday, February 19th. Finally, Royal Bank Of Canada lowered their price objective on Figma from $38.00 to $31.00 and set a "sector perform" rating on the stock in a research report on Thursday, February 19th. Four analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $43.25.

Insider Activity at Figma

In other Figma news, CAO Tyler Herb sold 1,678 shares of the company's stock in a transaction on Tuesday, March 3rd. The stock was sold at an average price of $28.47, for a total transaction of $47,772.66. Following the completion of the sale, the chief accounting officer owned 188,913 shares in the company, valued at $5,378,353.11. This represents a 0.88% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Dylan Field sold 250,000 shares of the stock in a transaction on Thursday, February 26th. The shares were sold at an average price of $30.80, for a total value of $7,700,000.00. The disclosure for this sale is available in the SEC filing. Insiders have sold 1,378,811 shares of company stock valued at $40,904,464 over the last 90 days.

Figma Price Performance

Shares of NYSE FIG opened at $18.12 on Monday. The business's 50 day moving average is $24.37 and its two-hundred day moving average is $35.97. Figma, Inc. has a 1-year low of $17.73 and a 1-year high of $142.92. The stock has a market capitalization of $7.99 billion and a P/E ratio of -5.81.

Figma (NYSE:FIG - Get Free Report) last released its 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 for the quarter. Figma had a negative return on equity of 97.03% and a negative net margin of 121.87%.The firm's revenue for the quarter was up 40.1% compared to the same quarter last year.

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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