Capital World Investors Makes New $21.21 Million Investment in Figma, Inc. $FIG

Key Points

• Capital World Investors bought a new stake of 408,881 shares (~$21.21 million), joining other large new institutional buyers including Baillie Gifford (~$154.24M), Capital International (~$61.92M), ARK (~$30.40M) and Alphabet (~$11.18M).
• Insiders have been selling: CEO Dylan Field sold 250,000 shares (~$8.67M) and CTO Kris Rasmussen sold 205,438 shares (~$5.14M), with insiders offloading ~1,967,427 shares (~$62.09M) in the past three months while still owning 45.20% of the company.
• Figma posted an EPS beat ($0.08 vs. -$0.20) and revenue grew 40.1% to $303.78M, but the stock trades around $26 with mixed analyst ratings and an average target near $43.25 after recent price-target cuts.

Capital World Investors purchased a new stake in shares of Figma, Inc. (NYSE:FIG - Free Report) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 408,881 shares of the company's stock, valued at approximately $21,209,000. Capital World Investors owned about 0.10% of Figma at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Baillie Gifford & Co. acquired a new stake in Figma in the third quarter valued at approximately $154,242,000. Capital International Investors acquired a new position in shares of Figma during the 3rd quarter worth $61,918,000. ARK Investment Management LLC acquired a new position in shares of Figma during the 3rd quarter worth $30,397,000. Alphabet Inc. bought a new position in shares of Figma during the 3rd quarter valued at $11,182,000. Finally, Sumitomo Mitsui Trust Group Inc. acquired a new stake in shares of Figma in the 3rd quarter valued at $11,075,000.

Insiders Place Their Bets

In other news, CEO Dylan Field sold 250,000 shares of the company's stock in a transaction that occurred on Monday, December 15th. The stock was sold at an average price of $34.66, for a total transaction of $8,665,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CTO Kris Rasmussen sold 205,438 shares of the stock in a transaction that occurred on Tuesday, February 10th. The shares were sold at an average price of $25.01, for a total value 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 $260,576,814.05. This represents a 1.93% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 1,967,427 shares of company stock valued at $62,086,778 in the last three months. Company insiders own 45.20% of the company's stock.

Figma Stock Performance

Shares of NYSE:FIG opened at $26.22 on Friday. The stock's 50-day moving average is $28.45 and its 200-day moving average is $41.82. The company has a market cap of $11.56 billion and a P/E ratio of -8.40. Figma, Inc. has a 52-week low of $19.85 and a 52-week high of $142.92.

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

Analyst Ratings Changes

FIG has been the subject of a number of recent research reports. Stifel Nicolaus decreased their price objective on shares of Figma from $40.00 to $30.00 and set a "hold" rating for the company in a report on Thursday, February 19th. Wells Fargo & Company reduced their price target on Figma from $52.00 to $42.00 and set an "overweight" rating for the company in a research report on Thursday, February 19th. Piper Sandler reiterated an "overweight" rating and set a $35.00 price target on shares of Figma in a research note on Thursday, February 19th. Weiss Ratings reissued a "sell (e+)" rating on shares of Figma in a report on Monday, December 29th. Finally, The Goldman Sachs Group set a $35.00 price objective on Figma in a research note on Thursday, February 19th. Four 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 stock. According to MarketBeat, the stock has an average rating of "Hold" and an average target price of $43.25.

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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