Mirae Asset Global Investments Co. Ltd. Acquires 116,681 Shares of Figma, Inc. $FIG

Key Points

• Mirae Asset increased its stake in Figma by 69.3%, buying 116,681 shares to hold 285,055 shares worth about $10.65 million (≈0.07% of the company).
• Significant insider selling occurred recently — CEO Dylan Field sold 250,000 shares (~$7.7M) and General Counsel Brendan Mulligan sold 4,817 shares, with insiders offloading 1,060,645 shares (~$30.5M) over the past 90 days.
• Mixed financials and sentiment: Figma beat EPS estimates ($0.08 vs. -$0.20) and revenue rose 40.1% to $303.8M, but the company remains unprofitable (negative ROE and net margin) and analysts trimmed price targets, leaving a consensus "Hold" with an average target of $43.25.

Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of Figma, Inc. (NYSE:FIG - Free Report) by 69.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 285,055 shares of the company's stock after purchasing an additional 116,681 shares during the period. Mirae Asset Global Investments Co. Ltd. owned about 0.07% of Figma worth $10,653,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in FIG. Whittier Trust Co. of Nevada Inc. bought a new position in shares of Figma in the 3rd quarter valued at $26,000. NewEdge Advisors LLC bought a new position in shares of Figma in the 3rd quarter valued at $26,000. Wilmington Savings Fund Society FSB bought a new position in shares of Figma in the 3rd quarter valued at $27,000. Sunbelt Securities Inc. bought a new position in shares of Figma in the 3rd quarter valued at $30,000. Finally, US Bancorp DE bought a new position in shares of Figma in the 3rd quarter valued at $31,000.

Figma Stock Up 0.2%

NYSE FIG opened at $18.96 on Monday. The company has a market capitalization of $8.37 billion and a price-to-earnings ratio of -6.08. Figma, Inc. has a twelve month low of $17.65 and a twelve month high of $142.92. The stock has a fifty day simple moving average of $24.08 and a 200 day simple moving average of $34.81.

Figma (NYSE:FIG - Get Free Report) last posted its quarterly earnings data on Wednesday, February 18th. The company reported $0.08 earnings per share for the quarter, beating 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%.The business's revenue for the quarter was up 40.1% compared to the same quarter last year.

Key Figma News

Here are the key news stories impacting Figma this week:

• Positive Sentiment: Figma reintroduced "Weave" with 20+ new AI-native design workflows, which could boost product differentiation and retention for designers. Reintroducing Figma Weave
• Positive Sentiment: Analyst coverage: Seeking Alpha issued a partial upgrade, signaling some investor confidence in the company's growth trajectory and valuation setup. Figma: Is It Finally Time? Partially (Rating Upgrade)
• Positive Sentiment: Coverage suggests Figma is building a stronger creative presence in Europe, which may support international revenue growth and adoption. Is Figma Building A Stronger Creative Presence In Europe?
• Positive Sentiment: Recent intraday rallies were driven by short-term catalysts highlighted in press coverage, showing the stock remains responsive to news flow. This Propelled Figma’s (FIG) Double-Digit Gain Today
• Neutral Sentiment: Valuation pieces note recent share swings and wide valuation dispersion — useful context but not a direct catalyst. Investors are reassessing multiples after volatile moves. Assessing Figma (FIG) Valuation After Recent Share Price Swings
• Neutral Sentiment: Market commentary explains shifting bets around FIG amid volatility — highlights positioning changes but no single clear directional trigger. Why Market Bets Are Shifting Around Figma Amid Volatility?
• Neutral Sentiment: Pop-culture tie-ins (e.g., collectible figures) surfaced but are peripheral to core SaaS metrics and unlikely to move the stock materially. Figma figures of Bunny Garden 2 characters confirmed
• Negative Sentiment: Board shake-up: Anthropic’s CPO recently left Figma’s board amid reports he may offer a competing product — this raises governance and competitive-risk concerns. Anthropic CPO leaves Figma’s board
• Negative Sentiment: Broader competitive risk: reporting on Anthropic’s next AI model suggests potential disruption to design tools, amplifying investor fears about future competition in AI-assisted design. Anthropic’s Next AI Model Could Disrupt Design Tools
• Negative Sentiment: Public commentary (including on TV) has flagged the stock's decline and negative sentiment, which can accelerate outflows and short-term selling pressure. Jim Cramer Addresses the Reason Behind Figma Stock’s Decline

Insiders Place Their Bets

In related news, General Counsel Brendan Mulligan sold 4,817 shares of the stock in a transaction on Monday, March 16th. The stock was sold at an average price of $26.30, for a total value of $126,687.10. Following the completion of the sale, the general counsel directly owned 825,644 shares in the company, valued at $21,714,437.20. This represents a 0.58% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Dylan Field sold 250,000 shares of the stock in a transaction on Thursday, February 26th. The shares were sold at an average price of $30.80, for a total value of $7,700,000.00. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 1,060,645 shares of company stock valued at $30,526,164 over the last ninety days.

Wall Street Analyst Weigh In

FIG has been the subject of a number of research reports. Wells Fargo & Company dropped their price target on Figma from $52.00 to $42.00 and set an "overweight" rating for the company in a research note on Thursday, February 19th. The Goldman Sachs Group set a $35.00 price target on Figma in a research note on Thursday, February 19th. Piper Sandler reiterated an "overweight" rating and issued a $35.00 price target on shares of Figma in a research note on Thursday, February 19th. Stifel Nicolaus dropped their price target on Figma from $40.00 to $30.00 and set a "hold" rating for the company in a research note on Thursday, February 19th. Finally, Royal Bank Of Canada dropped their price target on Figma from $38.00 to $31.00 and set a "sector perform" rating for the company in a research note on Thursday, February 19th. Four equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $43.25.

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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