<div id="readability-page-1"><p>Sumitomo Mitsui Trust Group Inc. bought a new position in  Figma, Inc. (NYSE:FIG - Free Report) during the third quarter, according to the company in its most recent filing with the Securities &amp; Exchange Commission. The firm bought 213,517 shares of the company's stock, valued at approximately $11,075,000. Sumitomo Mitsui Trust Group Inc. owned 0.05% of Figma as of its most recent SEC filing.</p><ul><li>3 Tech Stocks Down Over 60%—Which One Is Worth Buying?</li></ul><p>Other large investors have also recently made changes to their positions in the company. Elite Wealth Management Inc. bought a new position in shares of  Figma in the third quarter worth about $1,333,000.  Lattice Capital Management LLC purchased a new stake in  Figma in the 3rd quarter valued at about $384,000.  SG Americas Securities LLC bought a new position in  Figma in the 3rd quarter worth about $5,815,000.  CoreCap Advisors LLC purchased a new position in shares of  Figma during the third quarter worth approximately $57,000.  Finally, North Star Investment Management Corp. purchased a new position in shares of  Figma during the third quarter worth approximately $62,000. </p><h2>Analyst Upgrades and Downgrades</h2><p>A number of brokerages have recently issued reports on FIG. Morgan Stanley cut their price target on Figma from $65.00 to $48.00 and set an &#34;equal weight&#34; rating on the stock in a report on Thursday. Royal Bank Of Canada dropped their price objective on Figma from $65.00 to $38.00 and set a &#34;sector perform&#34; rating on the stock in a research report on Monday, January 5th. The Goldman Sachs Group initiated coverage on shares of Figma in a report on Monday, January 12th. They issued a &#34;neutral&#34; rating and a $40.00 target price for the company. Piper Sandler lowered their price target on shares of Figma from $85.00 to $70.00 and set an &#34;overweight&#34; rating on the stock in a report on Thursday, November 6th. Finally, Stifel Nicolaus started coverage on shares of Figma in a research report on Wednesday, January 7th. They issued a &#34;hold&#34; rating and a $40.00 price objective on the stock. Four equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one  has issued  a Sell rating to the stock. According to MarketBeat.com, Figma  has a consensus rating of &#34;Hold&#34; and an average price target of $52.13.</p><ul><li>Should You Buy Figma Stock After Its 55% Post-IPO Drop?</li></ul><p><b>Check Out Our Latest Stock Analysis on FIG</b></p><h2>Insider Transactions at Figma</h2><p>In other Figma news, General Counsel Brendan Mulligan sold 80,934 shares of the firm's stock in a transaction that occurred on Monday, November 10th. The shares were sold at an average price of $43.47, for a total transaction of $3,518,200.98. Following the completion of the transaction, the general counsel directly owned 913,181 shares of the company's stock, valued at approximately $39,695,978.07. This trade represents a 8.14% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CRO Shaunt Voskanian sold 403,335 shares of Figma stock in a transaction that occurred on Monday, November 10th. The shares were sold at an average price of $43.39, for a total transaction of $17,500,705.65. Following the sale, the executive owned 1,617,326 shares of the company's stock, valued at approximately $70,175,775.14. The trade was a 19.96% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 5,504,322 shares of company stock valued at $208,922,546 in the last quarter. Insiders own  45.20% of the company's stock. </p><h2>Figma Trading Down 6.2%</h2><ul><li>IPO Market Stays Hot With These 2 Debuting Stocks</li></ul><p>FIG opened at $29.64 on Friday. The firm has a market capitalization of $12.33 billion and a P/E ratio of -11.06. The firm's 50-day moving average is $37.26. Figma, Inc. has a 52-week low of $29.48 and a 52-week high of $142.92. </p><p>Figma (NYSE:FIG - Get Free Report) last released its earnings results on Wednesday, November 5th. The company reported $0.10 earnings per share for the quarter, topping the consensus estimate of ($1.56) by $1.66. The company had revenue of $274.17 million for the quarter. Figma had a negative net margin of 99.32% and a negative return on equity of 84.34%. The firm's revenue for the quarter was up 38.0% on a year-over-year basis. During the same period in the prior year, the firm posted $0.04 EPS. </p><h2>Figma Profile</h2> (Free Report)<p>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.  </p><p>In addition to its core design tool, Figma provides FigJam, a digital whiteboarding solution that facilitates brainstorming sessions, wireframing and diagramming.</p><h2>Featured Stories</h2><ul><li>Five stocks we like better than Figma</li><li>Wall Street Alert: Buy AES</li><li>Elon Taking SpaceX Public! $100 Pre-IPO Opportunity!</li><li>Do not delete, read immediately</li><li>How a Family Trust May Be Able To Help Preserve Your Wealth</li><li>NEW LAW: Congress Approves Setup For Digital Dollar?</li></ul><p><strong>Want to see what other hedge funds are holding FIG?</strong> Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Figma, Inc. (NYSE:FIG - Free Report).</p><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPUZJRw?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="350" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPUZJRw"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in Figma Right Now?</h2><p>Before you consider Figma, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Figma wasn't on the list.</p><p>While Figma currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

<p>Sumitomo Mitsui Trust Group Inc. acquired a new stake in Figma, Inc. (NYSE:FIG) during Q3, purchasing 213,517 shares valued at approximately $11.08 million. Other investors also increased their positions in Figma. Analysts have recently downgraded Figma's price targets, with Morgan Stanley lowering it from $65 to $48. Figma's stock has seen a significant drop since its IPO, and insiders sold over 5.5 million shares last quarter. The company reported a revenue increase of 38% year-over-year, with earnings per share of $0.10, surpassing estimates.</p>

Sumitomo Mitsui Trust Group Inc. Acquires New Stake in Figma, Inc. $FIG