Diversify Wealth Management LLC Invests $2.86 Million in Figma, Inc. $FIG

Key Points

• Diversify Wealth Management disclosed a new fourth-quarter stake in Figma, buying 76,397 shares worth about $2.86 million.
• Several other institutional investors also increased or initiated positions in Figma, while analysts remain cautious overall with a “Hold” consensus and an average price target of $43.25.
• Insiders have been selling shares, including CEO Dylan Field, as Figma’s stock traded at $20.69 after reporting quarterly revenue growth of 40.1% year over year and EPS that beat estimates.

Diversify Wealth Management LLC acquired a new stake in Figma, Inc. (NYSE:FIG - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 76,397 shares of the company's stock, valued at approximately $2,855,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. RFG Advisory LLC grew its holdings in Figma by 27.7% during the 4th quarter. RFG Advisory LLC now owns 10,600 shares of the company's stock worth $396,000 after acquiring an additional 2,300 shares during the period. SBI Securities Co. Ltd. lifted its stake in shares of Figma by 54.4% in the 4th quarter. SBI Securities Co. Ltd. now owns 24,485 shares of the company's stock valued at $915,000 after purchasing an additional 8,625 shares during the period. Elite Wealth Management Inc. boosted its position in shares of Figma by 35.8% in the 4th quarter. Elite Wealth Management Inc. now owns 34,900 shares of the company's stock worth $1,304,000 after purchasing an additional 9,200 shares during the last quarter. North Star Investment Management Corp. boosted its position in shares of Figma by 50.0% in the 4th quarter. North Star Investment Management Corp. now owns 1,800 shares of the company's stock worth $67,000 after purchasing an additional 600 shares during the last quarter. Finally, American Capital Advisory LLC acquired a new stake in shares of Figma during the fourth quarter worth $81,000.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. Stifel Nicolaus reduced their target price on Figma from $40.00 to $30.00 and set a "hold" rating on the stock in a report on Thursday, February 19th. The Goldman Sachs Group set a $35.00 price objective on shares of Figma in a research note on Thursday, February 19th. Morgan Stanley set a $44.00 price objective on shares of Figma in a report on Thursday, February 19th. Wells Fargo & Company cut their target price on shares of Figma from $52.00 to $42.00 and set an "overweight" rating on the stock in a report on Thursday, February 19th. Finally, BTIG Research initiated coverage on shares of Figma in a research report on Monday, April 13th. They set a "neutral" rating on the stock. Four research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $43.25.

Insider Buying and Selling

In other news, CEO Dylan Field sold 236,930 shares of the company's stock in a transaction dated Thursday, February 26th. The stock was sold at an average price of $30.77, for a total transaction of $7,290,336.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CAO Tyler Herb sold 1,678 shares of Figma stock in a transaction that occurred on Tuesday, March 3rd. The shares were sold at an average price of $28.47, for a total value of $47,772.66. Following the completion of the sale, the chief accounting officer directly owned 188,913 shares in the company, valued at approximately $5,378,353.11. This represents a 0.88% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 956,362 shares of company stock valued at $27,933,688. Corporate insiders own 45.20% of the company's stock.

Figma Stock Performance

Shares of FIG opened at $20.69 on Friday. The firm's 50 day moving average price is $22.73 and its two-hundred day moving average price is $31.24. Figma, Inc. has a twelve month low of $16.60 and a twelve month high of $142.92. The firm has a market cap of $9.19 billion and a P/E ratio of -6.63.

Figma (NYSE:FIG - Get Free Report) last posted its quarterly earnings data on Wednesday, February 18th. The company reported $0.08 EPS for the quarter, beating the consensus estimate of ($0.20) by $0.28. The business had revenue of $303.78 million for the quarter. Figma had a negative net margin of 121.87% and a negative return on equity of 97.03%. The firm's quarterly revenue was up 40.1% on a year-over-year basis. On average, sell-side analysts anticipate that Figma, Inc. will post -0.69 earnings per share for the current fiscal 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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