Dimensional Fund Advisors LP Purchases Shares of 80,089 Figma, Inc. $FIG

Key Points

• Dimensional Fund Advisors initiated a position in Figma by purchasing 80,089 shares valued at approximately $1.69 million. Several other institutional investors also increased or initiated smaller holdings.
• Figma reported quarterly revenue of $370.08 million, up 48.2% year over year, and earnings per share of $0.08, beating the consensus estimate of a $0.22 loss. Despite the revenue growth, the company posted a negative net margin of 123.15%.
• Analysts maintain a consensus “Hold” rating with an average price target of $32.22, while insiders have sold roughly $42.4 million of stock over the past 90 days.

Dimensional Fund Advisors LP bought a new position in Figma, Inc. (NYSE:FIG - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 80,089 shares of the company's stock, valued at approximately $1,693,000.

Several other large investors also recently modified their holdings of the business. Parallel Advisors LLC grew its stake in Figma by 3,890.0% in the first quarter. Parallel Advisors LLC now owns 1,197 shares of the company's stock worth $25,000 after purchasing an additional 1,167 shares during the period. NewEdge Advisors LLC bought a new stake in shares of Figma during the third quarter valued at approximately $26,000. DV Equities LLC bought a new stake in shares of Figma in the 4th quarter worth $26,000. Concord Wealth Partners increased its holdings in Figma by 1,446.8% in the 4th quarter. Concord Wealth Partners now owns 727 shares of the company's stock worth $27,000 after buying an additional 680 shares in the last quarter. Finally, Harbour Investments Inc. grew its stake in shares of Figma by 1,568.2% in the fourth quarter. Harbour Investments Inc. now owns 734 shares of the company's stock worth $27,000 after acquiring an additional 690 shares during the period.

Figma Stock Performance

Shares of FIG opened at $26.42 on Friday. The company has a 50 day moving average price of $21.78 and a 200-day moving average price of $22.63. The stock has a market capitalization of $12.03 billion and a PE ratio of -7.26. Figma, Inc. has a fifty-two week low of $16.60 and a fifty-two week high of $82.94.

Figma (NYSE:FIG - Get Free Report) last released its quarterly earnings results on Wednesday, August 5th. The company reported $0.08 earnings per share for the quarter, beating analysts' consensus estimates of ($0.22) by $0.30. Figma had a negative net margin of 123.15% and a negative return on equity of 100.03%. The business had revenue of $370.08 million for the quarter. During the same quarter in the prior year, the business posted $0.09 earnings per share. The firm's quarterly revenue was up 48.2% on a year-over-year basis. Equities research analysts forecast that Figma, Inc. will post -0.79 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on FIG. Stifel Nicolaus set a $25.00 price target on shares of Figma in a research report on Friday, May 15th. Morgan Stanley set a $33.00 price target on Figma in a report on Thursday, August 6th. Bank of America started coverage on shares of Figma in a research report on Tuesday, July 7th. They set a "buy" rating and a $30.00 price objective on the stock. JPMorgan Chase & Co. decreased their target price on Figma from $45.00 to $42.00 and set a "neutral" rating on the stock in a research report on Friday, May 15th. Finally, Citigroup upped their price target on shares of Figma from $35.00 to $37.00 and gave the company a "buy" rating in a research note on Friday, August 7th. Five equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $32.22.

Insider Buying and Selling at Figma

In other Figma news, CEO Dylan Field sold 174,430 shares of the company's stock in a transaction dated Friday, May 29th. The shares were sold at an average price of $25.02, for a total value of $4,364,238.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Praveer Melwani sold 381,288 shares of the stock in a transaction that occurred on Wednesday, July 29th. The shares were sold at an average price of $25.13, for a total value of $9,581,767.44. Following the transaction, the chief financial officer owned 1,725,716 shares in the company, valued at $43,367,243.08. This trade represents a 18.10% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 1,700,528 shares of company stock worth $42,362,560 in the last 90 days. Corporate insiders own 32.26% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source