Figma, Inc. $FIG Stock Sold by Sumitomo Mitsui Trust Group Inc.

Key Points

• Sumitomo Mitsui Trust Group cut its Figma stake by 29.3% in the third quarter, selling 387,214 shares and retaining 932,919 shares, worth about $19.6 million.
• Figma reported 42.8% year-over-year revenue growth to $391.4 million in Q3, beat earnings estimates, and raised its 2026 revenue outlook to $1.497 billion–$1.499 billion.
• Despite the results, Figma shares fell 17%; investors remain concerned that the cost of expanding AI features could pressure margins. Analysts’ consensus rating was Hold, with a $28.90 average price target.

Sumitomo Mitsui Trust Group Inc. decreased its holdings in shares of Figma, Inc. (NYSE:FIG - Free Report) by 29.3% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 932,919 shares of the company's stock after selling 387,214 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned 0.20% of Figma worth $19,610,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of the business. Parallel Advisors LLC lifted its stake in Figma by 3,890.0% in the 1st quarter. Parallel Advisors LLC now owns 1,197 shares of the company's stock worth $25,000 after acquiring an additional 1,167 shares in the last quarter. Sunbelt Securities Inc. grew its stake in Figma by 287.0% during the 1st quarter. Sunbelt Securities Inc. now owns 2,225 shares of the company's stock valued at $47,000 after acquiring an additional 1,650 shares in the last quarter. Atlantic Private Wealth LLC purchased a new position in Figma during the 1st quarter valued at about $74,000. IFP Advisors Inc increased its holdings in shares of Figma by 176.1% in the 2nd quarter. IFP Advisors Inc now owns 4,327 shares of the company's stock valued at $78,000 after purchasing an additional 2,760 shares during the period. Finally, Paragon Capital Management Ltd acquired a new position in shares of Figma in the 3rd quarter valued at about $210,000.

More Figma News

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 topped 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 lifted user utilization by 40%, offering a potential path to monetize growing AI usage. The company is also developing its own design model, which could help it manage costs over time. Figma: 3 Key Takeaways for Long-Term Investors
• Neutral Sentiment: Two executives reported share sales: the transactions were made under pre-arranged Rule 10b5-1 plans, and each executive retained a substantial holding, tempering the signal from the sales. SEC filing
• Negative Sentiment: The main concern is that expanding AI features and models are expensive to deliver, potentially weighing on margins even as usage rises. That concern appears to have outweighed the earnings beat and stronger outlook in the market reaction. Figma stock falls as investors worry AI momentum comes at a high price
• Negative Sentiment: JPMorgan and Royal Bank of Canada each cut their price target to $24 from $28, while keeping neutral/sector-perform ratings. The reductions add to cautious sentiment following the results. JPMorgan analyst rating

Insider Activity

In other Figma news, Director Daniel H. Rimer sold 12,475 shares of the business's stock in a transaction dated Monday, August 10th. The stock was sold at an average price of $25.39, for a total value of $316,740.25. Following the completion of the sale, the director owned 786,700 shares of the company's stock, valued at $19,974,313. The trade was a 1.56% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Tyler Herb sold 2,000 shares of the company's stock in a transaction dated Thursday, August 27th. The stock was sold at an average price of $30.00, for a total value of $60,000.00. Following the sale, the chief accounting officer owned 252,640 shares of the company's stock, valued at approximately $7,579,200. This trade represents a 0.79% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders sold 406,002 shares of company stock valued at $11,128,663. Corporate insiders own 32.26% of the company's stock.

Figma Trading Down 17.0%

FIG opened at $18.38 on Friday. The stock has a fifty day moving average price of $22.85 and a 200 day moving average price of $23.01. Figma, Inc. has a 1 year low of $16.60 and a 1 year high of $46.79. The stock has a market cap of $8.36 billion, a price-to-earnings ratio of -17.17 and a beta of 1.17.

Figma (NYSE:FIG - Get Free Report) last issued its earnings results on Wednesday, November 4th. The company reported $0.10 earnings per share for the quarter, topping the consensus estimate 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 previous year, the company earned $0.10 earnings per share. The business's revenue for the quarter was up 42.8% on a year-over-year basis. As a group, sell-side analysts forecast that Figma, Inc. will post -0.75 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on FIG shares. Wells Fargo & Company reduced their price target on shares of Figma from $34.00 to $30.00 and set an "overweight" rating for the company in a research report on Monday, October 12th. Bank of America boosted their price objective on shares of Figma from $30.00 to $33.00 and gave the company a "buy" rating in a research report on Wednesday, August 19th. Oppenheimer reiterated a "market perform" rating on shares of Figma in a research note on Thursday. KeyCorp began coverage on shares of Figma in a research note on Monday, September 14th. They issued a "sector weight" rating on the stock. Finally, Rothschild & Co Redburn started coverage on shares of Figma in a research report on Monday. They issued a "neutral" rating and a $23.00 target price for the company. 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 company. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $28.90.

Figma Company Profile

Figma, Inc NYSE: FIG develops collaborative software for designing digital products and user experiences. Its browser-based platform enables teams to create, prototype, review and manage designs in real time, supporting collaboration among designers, developers, product managers and other stakeholders.

The company's product portfolio includes Figma Design, a collaborative interface-design and prototyping tool; FigJam, an online whiteboard for brainstorming and planning; and Dev Mode, which helps developers inspect designs and translate them into software.

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