<div id="readability-page-1"><p>Peregrine Asset Advisers Inc. acquired a new stake in shares of  Figma, Inc. (NYSE:FIG - Free Report) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 72,975 shares of the company's stock, valued at approximately $3,785,000. Figma makes up   1.1% of Peregrine Asset Advisers Inc.'s investment portfolio, making the stock its 25th largest position.</p><ul><li>3 Tech Stocks Down Over 60%—Which One Is Worth Buying?</li></ul><p>A number of other large investors have also bought and sold shares of the business. Rit Capital Partners PLC acquired a new position in shares of  Figma in the third quarter valued at approximately $2,592,000.  Sumitomo Mitsui Trust Group Inc. bought a new stake in  Figma in the 3rd quarter valued at $11,075,000.  Rakuten Investment Management Inc. bought a new stake in  Figma in the 3rd quarter valued at $4,425,000.  Baillie Gifford &amp; Co. acquired a new position in  Figma in the 3rd quarter worth $154,242,000.  Finally, Mirae Asset Global Investments Co. Ltd. bought a new position in  Figma during the 3rd quarter worth about $8,734,000. </p><h2>Figma Trading Down 10.7%</h2><p>Shares of Figma stock opened at $21.43 on Wednesday. The company has a market cap of $8.91 billion and a PE ratio of -8.00. Figma, Inc. has a 12-month low of $20.94 and a 12-month high of $142.92. The business's 50 day moving average is $34.60. </p><ul><li>Should You Buy Figma Stock After Its 55% Post-IPO Drop?</li></ul><p>Figma (NYSE:FIG - Get Free Report) last issued its earnings results on Wednesday, November 5th. The company reported $0.10 earnings per share for the quarter, topping analysts' consensus estimates of ($1.56) by $1.66. The business 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%. Figma's quarterly revenue was up 38.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.04 earnings per share. </p><h2>Analysts Set New Price Targets</h2><p>FIG has been the topic of a number of research reports. Royal Bank Of Canada cut their price target on Figma from $65.00 to $38.00 and set a &#34;sector perform&#34; rating on the stock in a report on Monday, January 5th. Piper Sandler dropped their target price on Figma from $70.00 to $35.00 and set an &#34;overweight&#34; rating on the stock in a research report on Monday. The Goldman Sachs Group initiated coverage on Figma in a research report on Monday, January 12th. They set a &#34;neutral&#34; rating and a $40.00 price target for the company. Barclays upgraded shares of Figma to a &#34;neutral&#34; rating in a report on Thursday, January 8th. Finally, Weiss Ratings  reissued a &#34;sell (e+)&#34; rating on shares of Figma in a research report on Monday, December 29th. Four analysts have rated the stock with a Buy rating, eight have assigned  a Hold rating and one  has given a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of &#34;Hold&#34; and an average target price of $47.75.</p><ul><li>IPO Market Stays Hot With These 2 Debuting Stocks</li></ul><p><b>View Our Latest Report on FIG</b></p><h2>Insider Activity</h2><p>In other Figma news, General Counsel Brendan Mulligan sold 80,934 shares of the company's stock in a transaction on Monday, November 10th. The stock was sold at an average price of $43.47, for a total transaction of $3,518,200.98. Following the completion of the sale, the general counsel directly owned 913,181 shares in the company, valued at $39,695,978.07. This represents a 8.14% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities &amp; Exchange Commission, which is available at the SEC website. Also, CTO Kris Rasmussen sold 272,789 shares of Figma stock in a transaction on Monday, November 10th. The shares were sold at an average price of $43.47, for a total value of $11,858,137.83. Following the completion of the transaction, the chief technology officer owned 11,121,558 shares in the company, valued at approximately $483,454,126.26. The trade was a 2.39% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 5,380,758 shares of company stock valued at $202,878,962. </p><h2>About Figma</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>[No Brainer Gold Play]: “Show me a better investment.”</li><li>This $15 Stock Could Go Down as the #1 Stock of 2026</li><li>What a Former CIA Agent Knows About the Coming Collapse</li><li>BREAKING: Elon Makes a Quiet Shift That Changes Everything</li><li>Ray Dalio Says Buy Gold. I Say Get Paid Every Month From It</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>

FIGG

<p>Peregrine Asset Advisers Inc. has invested approximately $3.79 million in Figma, Inc. (NYSE:FIG) by acquiring 72,975 shares during the 3rd quarter. Figma now constitutes 1.1% of Peregrine's investment portfolio. Other investors, including Rit Capital Partners and Baillie Gifford, have also increased their stakes in Figma. The company's stock has seen a significant drop, currently trading at $21.43, with a market cap of $8.91 billion. Figma reported earnings of $0.10 per share, exceeding analysts' expectations, despite a negative net margin. Analysts have mixed ratings on the stock, with an average target price of $47.75.</p>

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Peregrine Asset Advisers Inc. Invests $3.79 Million in Figma, Inc. $FIG