Bienville Capital Management LLC Acquires New Shares in Figma, Inc. $FIG

Key Points

• Bienville Capital Management initiated a 736,590-share Figma position worth approximately $13.3 million, representing 0.16% of Figma and 1.8% of the firm’s portfolio. Several other institutional investors also increased or initiated holdings.
• Figma reported quarterly revenue of $370.1 million, up 48.2% year over year, and EPS of $0.08, beating the consensus estimate of a $0.22 loss. Despite the growth, the company remains unprofitable, with a negative 123.15% net margin, and analysts expect a full-year loss.
• The stock opened at $22.01, well below its 12-month high of $71.48. Analysts maintain a consensus “Hold” rating with an average price target of $32.56, while insider selling and competitive threats from Adobe’s AI design tools weigh on sentiment.

Bienville Capital Management LLC bought a new position in Figma, Inc. (NYSE:FIG - Free Report) in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 736,590 shares of the company's stock, valued at approximately $13,325,000. Figma makes up about 1.8% of Bienville Capital Management LLC's investment portfolio, making the stock its 18th largest holding. Bienville Capital Management LLC owned 0.16% of Figma at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of FIG. Amova Asset Management Americas Inc. raised its holdings in Figma by 641.4% in the 1st quarter. Amova Asset Management Americas Inc. now owns 1,467,887 shares of the company's stock valued at $31,031,000 after buying an additional 1,269,900 shares during the last quarter. Ieq Capital LLC grew its holdings in Figma by 1,670.9% during the 4th quarter. Ieq Capital LLC now owns 973,880 shares of the company's stock worth $36,394,000 after acquiring an additional 918,886 shares during the last quarter. Greylock XIV GP LLC bought a new stake in Figma during the 2nd quarter worth approximately $1,056,824,403. Rokos Capital Management LLP acquired a new position in Figma in the 1st quarter valued at approximately $4,414,000. Finally, Citizens Financial Group Inc. RI acquired a new position in Figma in the 1st quarter valued at approximately $3,429,000.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on FIG shares. Wells Fargo & Company reduced their price objective on shares of Figma from $42.00 to $36.00 and set an "overweight" rating on the stock in a research note on Friday, June 26th. JPMorgan Chase & Co. lowered their target price on Figma from $45.00 to $42.00 and set a "neutral" rating for the company in a research report on Friday, May 15th. Weiss Ratings raised Figma from a "sell (e+)" rating to a "sell (d-)" rating in a report on Thursday, August 27th. Citigroup upped their price target on Figma from $35.00 to $37.00 and gave the company a "buy" rating in a research report on Friday, August 7th. Finally, Bank of America increased their price target on Figma from $30.00 to $33.00 and gave the company a "buy" rating in a research note on Wednesday, August 19th. Four equities research 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.com, Figma presently has a consensus rating of "Hold" and an average price target of $32.56.

Insiders Place Their Bets

In other news, CRO Shaunt Voskanian sold 30,000 shares of the business's stock in a transaction dated Wednesday, August 5th. The stock was sold at an average price of $27.91, for a total value of $837,300.00. Following the transaction, the executive directly owned 1,698,620 shares of the company's stock, valued at $47,408,484.20. The trade was a 1.74% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, General Counsel Brendan Mulligan sold 211,599 shares of the company's stock in a transaction dated Friday, August 28th. The shares were sold at an average price of $29.79, for a total value of $6,303,534.21. Following the sale, the general counsel owned 727,952 shares in the company, valued at approximately $21,685,690.08. The trade was a 22.52% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 1,332,269 shares of company stock valued at $34,624,827. Insiders own 32.26% of the company's stock.

Figma Stock Down 3.2%

FIG opened at $22.01 on Thursday. Figma, Inc. has a twelve month low of $16.60 and a twelve month high of $71.48. The company has a fifty day moving average of $24.47 and a 200-day moving average of $22.89. The stock has a market cap of $10.02 billion and a PE ratio of -6.05.

Figma (NYSE:FIG - Get Free Report) last released its earnings results on Wednesday, August 5th. The company reported $0.08 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.22) by $0.30. The business had revenue of $370.08 million for the quarter. Figma had a negative net margin of 123.15% and a negative return on equity of 100.03%. Figma's quarterly revenue was up 48.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.09 EPS. Sell-side analysts anticipate that Figma, Inc. will post -0.75 EPS for the current fiscal year.

Key Stories Impacting Figma

Here are the key news stories impacting Figma this week:

• Positive Sentiment: Brokerages have set an average price target of $32.56, implying potential upside from recent trading levels. However, the consensus rating remains “Hold,” with four Buy ratings, eight Holds and one Sell rating. Brokerages Set Figma Target Price at $32.56
• Neutral Sentiment: Figma presented at the Goldman Sachs Communacopia + Technology Conference, giving investors additional information on its strategy and business outlook, though no specific major catalyst was identified in the provided coverage. Figma Goldman Sachs Conference Transcript
• Negative Sentiment: Adobe is inviting Figma users to test a new artificial-intelligence design tool. The move raises concerns that Adobe could use its broader creative-software ecosystem and AI capabilities to challenge Figma’s core design and collaboration products. Adobe Inviting Figma Users to Test a New AI Design Tool
• Negative Sentiment: Recent commentary highlighted the risk that Adobe’s free AI-enabled design offerings may pull users away from Figma, reinforcing worries about customer retention and competitive pricing pressure. Free Adobe Tool Competition
• Negative Sentiment: Figma’s general counsel sold 109,106 shares worth approximately $2.83 million, while Chief Accounting Officer Tyler Herb sold 1,416 shares worth about $37,227. Both transactions were conducted under pre-arranged Rule 10b5-1 plans, which reduces their significance but may still weigh on sentiment. Figma Insider Stock Sales
• Negative Sentiment: A recent rating downgrade cited a valuation that may assume too much optimism despite Figma’s growth, adding to concerns over its negative net margin and expected full-year loss. Figma Rating Downgrade

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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