Wellington Management Group LLP raised its holdings in shares of Figma, Inc. (NYSE:FIG – Free Report) by 86.3% in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 194,122 shares of the company’s stock after acquiring an additional 89,908 shares during the period. Wellington Management Group LLP’s holdings in Figma were worth $3,512,000 at the end of the most recent reporting period.
Other large investors also recently made changes to their positions in the company. Parallel Advisors LLC grew its stake in shares of Figma by 3,890.0% during the first quarter. Parallel Advisors LLC now owns 1,197 shares of the company’s stock worth $25,000 after purchasing an additional 1,167 shares during the period. NewEdge Advisors LLC acquired a new position in Figma in the third quarter valued at about $26,000. DV Equities LLC bought a new position in Figma during the fourth quarter worth about $26,000. Harbour Investments Inc. grew its position in shares of Figma by 1,568.2% during the 4th quarter. Harbour Investments Inc. now owns 734 shares of the company’s stock worth $27,000 after buying an additional 690 shares during the period. Finally, Wilmington Savings Fund Society FSB acquired a new position in shares of Figma during the 3rd quarter worth about $27,000.
Figma Stock Performance
NYSE FIG opened at $22.01 on Thursday. The stock has a market cap of $10.02 billion and a price-to-earnings ratio of -6.05. The business has a 50 day simple moving average of $24.47 and a 200 day simple moving average of $22.89. Figma, Inc. has a 52-week low of $16.60 and a 52-week high of $71.48.
Analyst Upgrades and Downgrades
A number of brokerages recently weighed in on FIG. Oppenheimer reiterated a “market perform” rating on shares of Figma in a research report on Thursday, June 25th. Citigroup boosted their price objective on shares of Figma from $35.00 to $37.00 and gave the company a “buy” rating in a report on Friday, August 7th. JPMorgan Chase & Co. lowered their target price on shares of Figma from $45.00 to $42.00 and set a “neutral” rating for the company in a research note on Friday, May 15th. Morgan Stanley set a $33.00 target price on shares of Figma in a report on Thursday, August 6th. Finally, Stifel Nicolaus set a $25.00 price objective on Figma in a research note on Friday, May 15th. Four equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $32.56.
Read Our Latest Analysis on Figma
More Figma News
Here are the key news stories impacting Figma this week:
- Positive Sentiment: Brokerages have set an average price target of $32.56, implying potential upside from recent trading levels. However, the consensus rating remains “Hold,” with four Buy ratings, eight Holds and one Sell rating. Brokerages Set Figma Target Price at $32.56
- Neutral Sentiment: Figma presented at the Goldman Sachs Communacopia + Technology Conference, giving investors additional information on its strategy and business outlook, though no specific major catalyst was identified in the provided coverage. Figma Goldman Sachs Conference Transcript
- Negative Sentiment: Adobe is inviting Figma users to test a new artificial-intelligence design tool. The move raises concerns that Adobe could use its broader creative-software ecosystem and AI capabilities to challenge Figma’s core design and collaboration products. Adobe Inviting Figma Users to Test a New AI Design Tool
- Negative Sentiment: Recent commentary highlighted the risk that Adobe’s free AI-enabled design offerings may pull users away from Figma, reinforcing worries about customer retention and competitive pricing pressure. Free Adobe Tool Competition
- Negative Sentiment: Figma’s general counsel sold 109,106 shares worth approximately $2.83 million, while Chief Accounting Officer Tyler Herb sold 1,416 shares worth about $37,227. Both transactions were conducted under pre-arranged Rule 10b5-1 plans, which reduces their significance but may still weigh on sentiment. Figma Insider Stock Sales
- Negative Sentiment: A recent rating downgrade cited a valuation that may assume too much optimism despite Figma’s growth, adding to concerns over its negative net margin and expected full-year loss. Figma Rating Downgrade
Insider Buying and Selling at Figma
In related news, major shareholder Ventures Vi (Jersey) Lp Index sold 12,475 shares of the business’s stock in a transaction on Monday, August 10th. The shares were sold at an average price of $25.39, for a total value of $316,740.25. Following the sale, the insider directly owned 786,700 shares of the company’s stock, valued at approximately $19,974,313. The trade was a 1.56% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, General Counsel Brendan Mulligan sold 109,106 shares of the company’s stock in a transaction on Thursday, September 3rd. The stock was sold at an average price of $25.98, for a total transaction of $2,834,573.88. Following the completion of the transaction, the general counsel directly owned 609,411 shares of the company’s stock, valued at approximately $15,832,497.78. The trade was a 15.18% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 1,332,269 shares of company stock valued at $34,624,827 over the last quarter. 32.26% of the stock is currently owned by corporate insiders.
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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