Compound Planning Inc. lowered its position in Figma, Inc. (NYSE:FIG – Free Report) by 3.5% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 879,216 shares of the company’s stock after selling 32,126 shares during the quarter. Compound Planning Inc. owned about 0.20% of Figma worth $18,587,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Gladstone Capital Management LLP boosted its holdings in Figma by 2.9% in the 4th quarter. Gladstone Capital Management LLP now owns 17,081 shares of the company’s stock valued at $638,000 after purchasing an additional 481 shares during the last quarter. NewEdge Advisors LLC acquired a new stake in shares of Figma during the 3rd quarter worth approximately $26,000. Wilmington Savings Fund Society FSB purchased a new stake in shares of Figma during the 3rd quarter valued at approximately $27,000. Charles Schwab Investment Management Inc. raised its position in shares of Figma by 3.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 15,212 shares of the company’s stock valued at $568,000 after buying an additional 559 shares during the period. Finally, Sunbelt Securities Inc. purchased a new stake in shares of Figma during the 3rd quarter valued at approximately $30,000.
Insider Buying and Selling
In other Figma news, General Counsel Brendan Mulligan sold 18,741 shares of the business’s stock in a transaction dated Tuesday, May 19th. The shares were sold at an average price of $25.04, for a total transaction of $469,274.64. Following the sale, the general counsel directly owned 987,986 shares in the company, valued at $24,739,169.44. This represents a 1.86% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Dylan Field sold 174,430 shares of the stock in a transaction dated Friday, May 29th. The stock was sold at an average price of $25.02, for a total transaction of $4,364,238.60. 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 733,309 shares of company stock worth $17,824,756 over the last 90 days. 32.26% of the stock is owned by insiders.
Figma Stock Down 6.6%
Figma (NYSE:FIG – Get Free Report) last issued its quarterly earnings data on Thursday, May 14th. The company reported $0.10 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.17) by $0.27. The business had revenue of $333.44 million during the quarter. Figma had a negative return on equity of 98.51% and a negative net margin of 123.83%.The firm’s revenue was up 46.1% compared to the same quarter last year. On average, sell-side analysts expect that Figma, Inc. will post -0.79 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
Several research firms have issued reports on FIG. Royal Bank Of Canada cut their target price on Figma from $28.00 to $22.00 and set a “sector perform” rating for the company in a research note on Thursday, June 25th. Bank of America began coverage on Figma in a research note on Tuesday, July 7th. They issued a “buy” rating and a $30.00 price target on the stock. BTIG Research began coverage on Figma in a report on Monday, April 13th. They set a “neutral” rating for the company. Stifel Nicolaus set a $25.00 price objective on Figma in a research report on Friday, May 15th. Finally, Wells Fargo & Company reduced their price objective on shares of Figma from $42.00 to $36.00 and set an “overweight” rating on the stock in a report on Friday, June 26th. Five research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $32.67.
Get Our Latest Analysis on Figma
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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