Teachers Retirement System of The State of Kentucky Buys New Stake in Figma, Inc. $FIG

Key Points

• Teachers Retirement System of Kentucky bought a new stake of 47,000 shares in Figma (about $2.44 million) during the third quarter, according to the latest 13F filing.
• Figma beat quarterly EPS estimates ($0.08 vs. -$0.20) with revenue of $303.8M (+40.1% YoY), but remains deeply unprofitable with a -121.87% net margin and negative return on equity.
• Insiders have sold heavily—including the CEO and CTO—with ~1.78M shares (~$56.6M) sold in the last 90 days, while analysts' consensus is a "Hold" with a $43.25 average price target and the stock trading around $29.59.

Teachers Retirement System of The State of Kentucky purchased a new stake in shares of Figma, Inc. (NYSE:FIG - Free Report) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 47,000 shares of the company's stock, valued at approximately $2,438,000.

Other large investors have also modified their holdings of the company. Whittier Trust Co. of Nevada Inc. acquired a new stake in shares of Figma during the 3rd quarter valued at about $26,000. US Bancorp DE acquired a new stake in Figma in the third quarter valued at approximately $31,000. SOA Wealth Advisors LLC. purchased a new stake in shares of Figma in the third quarter valued at approximately $39,000. Tripletail Wealth Management LLC acquired a new position in shares of Figma during the 3rd quarter worth approximately $53,000. Finally, CoreCap Advisors LLC acquired a new position in shares of Figma during the 3rd quarter worth approximately $57,000.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. Weiss Ratings reissued a "sell (e+)" rating on shares of Figma in a report on Monday, December 29th. The Goldman Sachs Group set a $35.00 target price on shares of Figma in a research report on Thursday, February 19th. JPMorgan Chase & Co. reduced their price target on shares of Figma from $65.00 to $60.00 and set a "neutral" rating for the company in a research report on Thursday, November 6th. Wells Fargo & Company lowered their price objective on Figma from $52.00 to $42.00 and set an "overweight" rating on the stock in a report on Thursday, February 19th. Finally, Wall Street Zen upgraded 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 issued a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, Figma presently has an average rating of "Hold" and a consensus price target of $43.25.

Figma Trading Down 3.7%

FIG opened at $29.59 on Thursday. Figma, Inc. has a twelve month low of $19.85 and a twelve month high of $142.92. The firm has a market capitalization of $13.05 billion and a PE ratio of -9.48. The firm's 50-day moving average price is $29.56 and its 200 day moving average price is $43.49.

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

Insider Transactions at Figma

In other Figma news, CTO Kris Rasmussen sold 51,359 shares of the firm's stock in a transaction on Wednesday, February 25th. The stock was sold at an average price of $30.00, for a total value of $1,540,770.00. Following the completion of the sale, the chief technology officer directly owned 10,367,546 shares of the company's stock, valued at $311,026,380. This trade represents a 0.49% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Dylan Field sold 250,000 shares of the business's stock in a transaction dated Thursday, February 26th. The shares were sold at an average price of $30.80, for a total transaction of $7,700,000.00. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 1,781,601 shares of company stock valued at $56,558,620. 45.20% of the stock is currently owned by company insiders.

Figma Company Profile

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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