Ghisallo Capital Management LLC Purchases New Holdings in Figma, Inc. $FIG

Key Points

• Ghisallo Capital Management initiated a new position in Figma during Q3, buying 200,000 shares (~$10.37 million), joining other institutions that opened large stakes (e.g., SC US Ttgp LTD ~$1.31B, Baillie Gifford ~$154M).
• Analyst sentiment is mixed with an average rating of Hold and an average target price of $43.25 after several firms trimmed targets (Wells Fargo to $42, RBC to $31); analyst breakdown is 4 Buy / 8 Hold / 1 Sell.
• Figma beat EPS expectations ($0.08 vs. -$0.20) and revenue rose 40.1% Y/Y to $303.8M, but the company remains unprofitable (negative margins and ROE); the stock trades near $26 with a market cap of $11.48B, and insiders sold ~1.97M shares (~$62.1M) in the past three months.

Ghisallo Capital Management LLC acquired a new position in shares of Figma, Inc. (NYSE:FIG - Free Report) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 200,000 shares of the company's stock, valued at approximately $10,374,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of FIG. SC US Ttgp LTD. purchased a new position in shares of Figma during the third quarter valued at approximately $1,310,305,000. Baillie Gifford & Co. purchased a new stake in shares of Figma in the 3rd quarter worth approximately $154,242,000. SurgoCap Partners LP bought a new position in Figma during the 3rd quarter valued at approximately $120,210,000. Wellington Management Group LLP bought a new position in Figma during the 3rd quarter valued at approximately $74,503,000. Finally, Capital International Investors purchased a new position in Figma during the third quarter valued at $61,918,000.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the company. Wells Fargo & Company dropped their target price on Figma from $52.00 to $42.00 and set an "overweight" rating on the stock in a report on Thursday, February 19th. Royal Bank Of Canada lowered their price target on Figma from $38.00 to $31.00 and set a "sector perform" rating for the company in a research report on Thursday, February 19th. Morgan Stanley set a $44.00 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 research report on Monday, December 29th. Finally, Wall Street Zen upgraded shares of Figma from a "sell" rating to a "hold" rating in a research note on Sunday, February 8th. Four investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Figma currently has an average rating of "Hold" and an average target price of $43.25.

Figma Price Performance

Figma stock opened at $26.03 on Friday. Figma, Inc. has a one year low of $19.85 and a one year high of $142.92. The business's fifty day moving average is $28.22 and its 200 day moving average is $41.51. The stock has a market capitalization of $11.48 billion and a PE ratio of -8.34.

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

Insider Transactions at Figma

In related news, General Counsel Brendan Mulligan sold 4,817 shares of the stock in a transaction that occurred on Tuesday, March 3rd. The shares were sold at an average price of $28.30, for a total transaction of $136,321.10. Following the transaction, the general counsel owned 830,461 shares in the company, valued at $23,502,046.30. This represents a 0.58% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Tyler Herb sold 1,678 shares of the firm's stock in a transaction that occurred on Tuesday, March 3rd. The stock was sold at an average price of $28.47, for a total transaction of $47,772.66. Following the completion of the sale, the chief accounting officer owned 188,913 shares in the company, valued at $5,378,353.11. This represents a 0.88% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 1,967,427 shares of company stock valued at $62,086,778. Company insiders own 45.20% 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.

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