Figma (NYSE:FIG) CTO Kris Rasmussen Sells 327,046 Shares

Posted by Tammy Falkenburg on May 21st, 2026

Figma, Inc. (NYSE:FIG – Get Free Report) CTO Kris Rasmussen sold 327,046 shares of the business’s stock in a transaction on Tuesday, May 19th. The stock was sold at an average price of $25.07, for a total transaction of $8,199,043.22. Following the completion of the sale, the chief technology officer directly owned 9,771,529 shares in the company, valued at approximately $244,972,232.03. This represents a 3.24% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Kris Rasmussen also recently made the following trade(s):

On Tuesday, March 3rd, Kris Rasmussen sold 179,331 shares of Figma stock. The stock was sold at an average price of $29.80, for a total transaction of $5,344,063.80.
On Wednesday, February 25th, Kris Rasmussen sold 51,359 shares of Figma stock. The stock was sold at an average price of $30.00, for a total transaction of $1,540,770.00.

Figma Stock Down 4.6%

Shares of FIG stock traded down $1.03 during trading on Thursday, reaching $21.55. The company’s stock had a trading volume of 15,877,682 shares, compared to its average volume of 16,324,897. The business has a fifty day moving average price of $21.17 and a 200-day moving average price of $29.24. Figma, Inc. has a one year low of $16.60 and a one year high of $142.92. The company has a market cap of $9.60 billion and a price-to-earnings ratio of -6.28.

Figma (NYSE:FIG – Get Free Report) last posted its quarterly earnings results on Thursday, May 14th. The company reported $0.10 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.17) by $0.27. Figma had a negative net margin of 123.83% and a negative return on equity of 98.51%. The firm had revenue of $333.44 million for the quarter. The firm’s quarterly revenue was up 46.1% compared to the same quarter last year. Research analysts anticipate that Figma, Inc. will post -0.69 EPS for the current year.

Hedge Funds Weigh In On Figma

Institutional investors and hedge funds have recently modified their holdings of the stock. Parallel Advisors LLC increased its holdings in shares of Figma by 3,890.0% in the first quarter. Parallel Advisors LLC now owns 1,197 shares of the company’s stock valued at $25,000 after purchasing an additional 1,167 shares during the last quarter. Whittier Trust Co. of Nevada Inc. acquired a new position in shares of Figma in the third quarter valued at $26,000. NewEdge Advisors LLC acquired a new position in shares of Figma in the third quarter valued at $26,000. DV Equities LLC acquired a new position in shares of Figma in the fourth quarter valued at $26,000. Finally, Concord Wealth Partners increased its holdings in shares of Figma by 1,446.8% in the fourth quarter. Concord Wealth Partners now owns 727 shares of the company’s stock valued at $27,000 after purchasing an additional 680 shares during the last quarter.

Analyst Ratings Changes

Several research firms have issued reports on FIG. Morgan Stanley dropped their price target on shares of Figma from $44.00 to $38.00 and set an “equal weight” rating on the stock in a research report on Friday, May 15th. JPMorgan Chase & Co. dropped their price target on shares of Figma from $45.00 to $42.00 and set a “neutral” rating on the stock in a research report on Friday, May 15th. Oppenheimer began coverage on shares of Figma in a research report on Wednesday, March 25th. They set a “market perform” rating on the stock. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Figma in a research report on Tuesday. Finally, Wells Fargo & Company dropped their price target on shares of Figma from $52.00 to $42.00 and set an “overweight” rating on the stock in a research report on Thursday, February 19th. Four investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Figma currently has an average rating of “Hold” and an average target price of $38.63.

Check Out Our Latest Report on FIG

Key Stories Impacting Figma

Here are the key news stories impacting Figma this week:

Positive Sentiment: Figma introduced an AI assistant/agent directly inside its multiplayer design canvas, which could strengthen the product, improve workflow adoption, and support future monetization. Figma has a product design AI agent.
Positive Sentiment: Jeff Clark highlighted Figma as an overlooked AI/software name, arguing the stock looks undervalued after a steep selloff and that AI features and strong growth trends could help the shares recover over time. Investors Abandoned These 3 AI Stocks Too Early, Says Jeff Clark
Neutral Sentiment: Figma’s CAO sold 669 shares under a pre-arranged 10b5-1 plan, a routine insider transaction that is not necessarily a negative signal, but it can still add a little pressure to investor sentiment. Insider Selling: Figma (NYSE:FIG) CAO Sells 669 Shares of Stock
Neutral Sentiment: Recent coverage also focused on Figma’s latest earnings call, where management emphasized accelerating growth tied to AI, reinforcing the view that the company’s AI strategy remains central to the investment case. Figma Earnings Call: Accelerating Growth Fueled by AI
Negative Sentiment: Despite the growth story, Figma remains far below its prior highs, and the stock’s recent weakness suggests investors are still skeptical about valuation and the pace of sustained profitability. Investors Abandoned These 3 AI Stocks Too Early, Says Jeff Clark

About Figma

(Get Free Report)

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.