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

Key Points

• Teachers Retirement System of The State of Kentucky increased its stake in Figma by 127.7% in Q4, owning 107,000 shares valued at about $3.999 million after adding 60,000 shares.
• Company insiders have been net sellers — CEO Dylan Field sold 250,000 shares for $7.7 million and the CRO sold 8,554 shares, with insiders offloading roughly 1,060,645 shares worth about $30.5 million in the last 90 days.
• Figma carries a consensus analyst rating of Hold with an average price target of $43.25 despite recent cuts, while the stock trades near $17.33 and has a market cap of about $7.70 billion and a negative P/E.

Teachers Retirement System of The State of Kentucky increased its position in Figma, Inc. (NYSE:FIG - Free Report) by 127.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 107,000 shares of the company's stock after acquiring an additional 60,000 shares during the period. Teachers Retirement System of The State of Kentucky's holdings in Figma were worth $3,999,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Whittier Trust Co. of Nevada Inc. bought a new position in Figma in the third quarter valued at about $26,000. NewEdge Advisors LLC bought a new stake in shares of Figma during the 3rd quarter valued at about $26,000. Wilmington Savings Fund Society FSB purchased a new stake in shares of Figma during the 3rd quarter valued at about $27,000. Sunbelt Securities Inc. purchased a new stake in shares of Figma during the 3rd quarter valued at about $30,000. Finally, US Bancorp DE bought a new position in shares of Figma in the 3rd quarter worth approximately $31,000.

Analyst Ratings Changes

A number of research firms recently issued reports on FIG. Morgan Stanley set a $44.00 price objective on shares of Figma in a report on Thursday, February 19th. BTIG Research assumed coverage on shares of Figma in a research note on Monday, April 13th. They set a "neutral" rating on the stock. Wells Fargo & Company cut their price objective on shares of Figma from $52.00 to $42.00 and set an "overweight" rating for the company in a research report on Thursday, February 19th. Stifel Nicolaus reduced their price objective 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, Piper Sandler reaffirmed an "overweight" rating and issued a $35.00 target price on shares of Figma in a report on Thursday, February 19th. Four analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $43.25.

Insider Activity at Figma

In other Figma news, CRO Shaunt Voskanian sold 8,554 shares of the firm's stock in a transaction dated Wednesday, February 25th. The stock was sold at an average price of $30.00, for a total transaction of $256,620.00. Following the sale, the executive directly owned 1,580,181 shares of the company's stock, valued at $47,405,430. This trade represents a 0.54% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 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 value of $7,700,000.00. The SEC filing for this sale provides additional information. Insiders have sold 1,060,645 shares of company stock worth $30,526,164 in the last 90 days.

Figma Trading Down 0.8%

NYSE FIG opened at $17.33 on Tuesday. Figma, Inc. has a 12 month low of $16.69 and a 12 month high of $142.92. The stock has a market cap of $7.70 billion and a price-to-earnings ratio of -5.55. The company's 50 day moving average is $23.54 and its two-hundred day moving average is $33.02.

Figma (NYSE:FIG - Get Free Report) last posted its quarterly 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 net margin of 121.87% and a negative return on equity of 97.03%. The company's quarterly revenue was up 40.1% compared to the same quarter last year. Sell-side analysts forecast that Figma, Inc. will post -0.69 EPS for the current year.

Figma 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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