Mirae Asset Global Investments Co. Ltd. Acquires 178,203 Shares of Figma, Inc. $FIG

Key Points

• Mirae Asset Global Investments opened a position in Figma, acquiring 178,203 shares during the third quarter, valued at approximately $3.75 million.
• Figma reported Q3 revenue of $391.4 million, up 42.8% year over year, and adjusted EPS of $0.10, beating estimates; it also raised its 2026 revenue outlook.
• Analyst sentiment remains cautious: the stock carries an average “Hold” rating and a $28.80 average price target, while investors have raised concerns that AI investment could pressure margins.

Mirae Asset Global Investments Co. Ltd. acquired a new position in Figma, Inc. (NYSE:FIG - Free Report) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 178,203 shares of the company's stock, valued at approximately $3,746,000.

A number of other hedge funds also recently bought and sold shares of the company. Greylock XIV GP LLC purchased a new position in Figma in the second quarter worth about $1,056,824,403. SC US Ttgp LTD. increased its position in shares of Figma by 5.8% during the 1st quarter. SC US Ttgp LTD. now owns 26,728,171 shares of the company's stock valued at $565,034,000 after purchasing an additional 1,466,851 shares during the last quarter. Bank of America Corp DE lifted its stake in shares of Figma by 428.1% in the 1st quarter. Bank of America Corp DE now owns 4,180,575 shares of the company's stock worth $88,377,000 after purchasing an additional 3,388,902 shares during the period. Arrowstreet Capital Limited Partnership bought a new position in shares of Figma in the 1st quarter worth approximately $36,600,000. Finally, Amova Asset Management Americas Inc. boosted its holdings 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 buying an additional 1,269,900 shares during the last quarter.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on FIG. Oppenheimer restated a "market perform" rating on shares of Figma in a research report on Thursday. KeyCorp initiated coverage on shares of Figma in a research report on Monday, September 14th. They issued a "sector weight" rating on the stock. Wells Fargo & Company dropped their price target on shares of Figma from $34.00 to $30.00 and set an "overweight" rating on the stock in a research note on Monday, October 12th. Stifel Nicolaus dropped their price target on shares of Figma from $25.00 to $22.00 and set a "hold" rating on the stock in a research note on Wednesday, October 14th. Finally, Weiss Ratings raised shares of Figma from a "sell (e+)" rating to a "sell (d-)" rating in a research report on Tuesday, October 6th. Four investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $28.80.

Figma News Summary

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

Figma Trading Up 1.9%

Figma stock traded up $0.35 during midday trading on Friday, hitting $18.79. The stock had a trading volume of 12,577,394 shares, compared to its average volume of 10,043,809. Figma, Inc. has a 52-week low of $16.60 and a 52-week high of $45.42. The company has a market capitalization of $8.55 billion, a PE ratio of -17.56 and a beta of 1.17. The firm's fifty day moving average is $22.62 and its two-hundred day moving average is $22.96.

Figma (NYSE:FIG - Get Free Report) last issued its quarterly earnings results on Wednesday, November 4th. The company reported $0.10 earnings per share for the quarter, beating the consensus estimate of ($0.22) by $0.32. The business had revenue of $391.42 million for the quarter. Figma had a negative net margin of 123.15% and a negative return on equity of 100.03%. Figma's revenue for the quarter was up 42.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.10 EPS. As a group, equities research analysts predict that Figma, Inc. will post -0.75 earnings per share for the current fiscal year.

Insider Activity at Figma

In other news, CAO Tyler Herb sold 2,000 shares of Figma stock in a transaction that occurred on Thursday, August 27th. The shares were sold at an average price of $30.00, for a total transaction of $60,000.00. Following the sale, the chief accounting officer owned 252,640 shares in the company, valued at $7,579,200. This trade represents a 0.79% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Lynn Vojvodich Radakovich sold 20,266 shares of Figma stock in a transaction on Thursday, October 15th. The shares were sold at an average price of $22.63, for a total transaction of $458,619.58. Following the completion of the sale, the director owned 84,809 shares in the company, valued at approximately $1,919,227.67. This represents a 19.29% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 406,002 shares of company stock worth $11,128,663 in the last 90 days. Company insiders own 32.26% of the company's stock.

About Figma

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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