Figma, Inc. $FIG Stock Purchased by Allen Operations LLC

Key Points

• Allen Operations LLC increased its Figma stake by 240.5% in the third quarter, buying 55,832 shares and bringing its holdings to 79,046 shares, valued at about $1.66 million.
• Figma reported Q3 revenue of $391.4 million, up 42.8% year over year, and adjusted EPS of $0.10, beating estimates. The company raised its 2026 revenue outlook to $1.497 billion–$1.499 billion.
• Analyst sentiment remains cautious: Figma has a consensus “Hold” rating and an average price target of $28.80. Investors also face concerns that investment in AI features could pressure margins.

Allen Operations LLC boosted its stake in Figma, Inc. (NYSE:FIG - Free Report) by 240.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 79,046 shares of the company's stock after purchasing an additional 55,832 shares during the period. Figma makes up about 0.2% of Allen Operations LLC's investment portfolio, making the stock its 26th biggest holding. Allen Operations LLC's holdings in Figma were worth $1,662,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Greylock XIV GP LLC purchased a new stake in shares of Figma during the second quarter valued at approximately $1,056,824,403. SC US Ttgp LTD. increased its position in shares of Figma by 5.8% during the first quarter. SC US Ttgp LTD. now owns 26,728,171 shares of the company's stock worth $565,034,000 after acquiring an additional 1,466,851 shares during the last quarter. Bank of America Corp DE increased its position in shares of Figma by 428.1% during the first quarter. Bank of America Corp DE now owns 4,180,575 shares of the company's stock worth $88,377,000 after acquiring an additional 3,388,902 shares during the last quarter. Arrowstreet Capital Limited Partnership purchased a new stake in shares of Figma during the first quarter worth about $36,600,000. Finally, Amova Asset Management Americas Inc. lifted its stake in shares of Figma by 641.4% in the first quarter. Amova Asset Management Americas Inc. now owns 1,467,887 shares of the company's stock worth $31,031,000 after acquiring an additional 1,269,900 shares in the last quarter.

Figma Stock Up 1.9%

Shares of Figma stock opened at $18.79 on Friday. The firm has a market cap of $8.60 billion, a P/E ratio of -17.56 and a beta of 1.17. Figma, Inc. has a fifty-two week low of $16.60 and a fifty-two week high of $45.42. The business has a 50-day moving average price of $22.62 and a 200 day moving average price of $22.96.

Figma (NYSE:FIG - Get Free Report) last released its earnings results on Wednesday, November 4th. The company reported $0.10 EPS for the quarter, topping analysts' consensus estimates of ($0.22) by $0.32. Figma had a negative return on equity of 33.14% and a negative net margin of 40.21%. The company had revenue of $391.42 million for the quarter. During the same period in the prior year, the business earned $0.10 EPS. The company's quarterly revenue was up 42.8% on a year-over-year basis. As a group, equities research analysts anticipate that Figma, Inc. will post -0.75 earnings per share for the current year.

Insider Transactions at Figma

In other Figma news, Director Daniel Rimer sold 12,475 shares of the business's stock in a transaction on Monday, August 10th. The shares were sold at an average price of $25.39, for a total transaction of $316,740.25. Following the completion of the sale, the director owned 786,700 shares in the company, valued at $19,974,313. The trade was a 1.56% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Ventures Vi (Jersey) Lp Index sold 12,475 shares of the business's stock in a transaction on Monday, August 10th. The shares were sold at an average price of $25.39, for a total transaction of $316,740.25. Following the sale, the insider owned 786,700 shares of the company's stock, valued at approximately $19,974,313. The trade was a 1.56% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 406,002 shares of company stock valued at $11,128,663 over the last quarter. Insiders own 32.26% of the company's stock.

Key Headlines Impacting Figma

Here are the key news stories impacting Figma this week:

• Positive Sentiment: Q3 revenue rose 42.8% year over year to $391.4 million, while adjusted earnings of $0.10 per share beat estimates. Figma also raised its 2026 revenue outlook to $1.497 billion–$1.499 billion and forecast Q4 revenue of $402 million–$404 million. Figma Q3 earnings report
• Positive Sentiment: Figma said repricing AI credits increased user utilization by 40%. Its plans to monetize AI features and develop an in-house design model could create additional growth opportunities. Figma earnings takeaways
• Neutral Sentiment: Figma’s CAO and general counsel reported share sales under pre-arranged Rule 10b5-1 plans. Both retained substantial holdings, limiting the significance of the sales as a standalone signal. Figma insider transactions
• Negative Sentiment: Despite the earnings beat and improved guidance, investors are concerned that building and delivering AI features could be costly and pressure margins as Figma invests for long-term growth. Investor concerns about AI costs
• Negative Sentiment: JPMorgan and RBC lowered their price targets to $24 and maintained neutral or sector-perform ratings, reinforcing a cautious view after the results. JPMorgan analyst update

Wall Street Analysts Forecast Growth

FIG has been the subject of a number of analyst reports. Piper Sandler reissued an "overweight" rating on shares of Figma in a report on Monday, October 26th. Telsey Advisory Group initiated coverage on Figma in a report on Monday, November 2nd. They set a "hold" rating on the stock. Oppenheimer restated a "market perform" rating on shares of Figma in a report on Thursday. Wells Fargo & Company cut their target price on Figma from $34.00 to $30.00 and set an "overweight" rating on the stock in a research report on Monday, October 12th. Finally, JPMorgan Chase & Co. reduced their target price on Figma from $28.00 to $24.00 and set a "neutral" rating for the company in a research note on Thursday. Four equities research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Figma presently has a consensus rating of "Hold" and an average target price of $28.80.

Figma Profile

Figma, Inc develops browser-based software for designing and building digital products. Its platform supports collaborative interface design, interactive prototyping and workflows that help teams plan, create and refine websites, apps and other digital experiences.

Figma's products include Figma Design for interface design and prototyping, FigJam for online whiteboarding and brainstorming, and Dev Mode, which helps developers inspect designs and access implementation details. Figma Slides provides tools for creating and presenting slide decks.

Founded in 2012 by Dylan Field and Evan Wallace, the company serves organizations and individuals around the world through its collaborative software platform.

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