Figma (NYSE:FIG) CRO Shaunt Voskanian Sells 8,629 Shares of Stock

Figma, Inc. (NYSE:FIG) CRO Shaunt Voskanian sold 8,629 shares of the firm’s stock in a transaction that occurred on Monday, July 6th. The shares were sold at an average price of $20.62, for a total value of $177,929.98. Following the completion of the sale, the executive directly owned 1,764,672 shares of the company’s stock, valued at $36,387,536.64. This trade represents a 0.49% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Shaunt Voskanian also recently made the following trade(s):

• On Wednesday, June 3rd, Shaunt Voskanian sold 87,510 shares of Figma stock. The stock was sold at an average price of $23.01, for a total value of $2,013,605.10.

Figma Stock Down 2.2%

Shares of FIG opened at $21.70 on Thursday. The business’s fifty day moving average is $20.60 and its 200 day moving average is $24.71. Figma, Inc. has a 12-month low of $16.60 and a 12-month high of $142.92. The stock has a market cap of $9.67 billion and a P/E ratio of -6.33.

Figma (NYSE:FIG) last announced its quarterly earnings results on Thursday, May 14th. The company reported $0.10 EPS for the quarter, beating analysts’ consensus estimates 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 business had revenue of $333.44 million during the quarter. The business’s revenue was up 46.1% on a year-over-year basis. On average, analysts expect that Figma, Inc. will post -0.8 EPS for the current year.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the company. Valeo Financial Advisors LLC purchased a new position in Figma during the second quarter worth about $203,000. Parallel Advisors LLC grew its position in Figma by 3,890.0% in the 1st quarter. Parallel Advisors LLC now owns 1,197 shares of the company’s stock worth $25,000 after purchasing an additional 1,167 shares in the last quarter. J. Derek Lewis & Associates Inc. increased its stake in Figma by 58.6% in the 1st quarter. J. Derek Lewis & Associates Inc. now owns 20,300 shares of the company’s stock valued at $429,000 after buying an additional 7,500 shares during the last quarter. Bank of America Corp DE increased its stake in Figma by 428.1% in the 1st quarter. Bank of America Corp DE now owns 4,180,575 shares of the company’s stock valued at $88,377,000 after buying an additional 3,388,902 shares during the last quarter. Finally, Sunbelt Securities Inc. lifted its position in shares of Figma by 287.0% during the 1st quarter. Sunbelt Securities Inc. now owns 2,225 shares of the company’s stock worth $47,000 after buying an additional 1,650 shares in the last quarter.

Key Headlines Impacting Figma

Here are the key news stories impacting Figma this week:

• Positive Sentiment: Bank of America resumed coverage on Figma with a Buy rating and a $30 price target, saying AI could act as a growth catalyst and support revenue expansion. Figma shares rise as Bank of America resumes coverage with a ‘Buy’ rating
• Positive Sentiment: Multiple reports highlighted the same BofA upgrade, reinforcing the view that Figma may be better positioned than Adobe in an AI-driven software market. Why Figma Is a Better AI Bet Than Adobe
• Neutral Sentiment: Figma also announced it acquired the team behind a vibe-coding app, a move that could support product innovation but has not yet been quantified financially. Figma acquires team behind a vibe coding app
• Negative Sentiment: Insider selling from the CFO and CRO may weigh on sentiment, though both transactions were made under pre-arranged 10b5-1 plans and do not necessarily signal operational weakness. CFO Praveer Melwani sale details CRO Shaunt Voskanian sale details

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. Citigroup began coverage on shares of Figma in a research report on Wednesday, June 17th. They issued a “buy” rating and a $36.00 price target on the stock. BTIG Research started coverage on Figma in a report on Monday, April 13th. They set a “neutral” rating for the company. Bank of America started coverage on Figma in a research note on Tuesday. They issued a “buy” rating and a $30.00 price objective for the company. Morgan Stanley dropped their target price on Figma from $44.00 to $38.00 and set an “equal weight” rating on the stock in a report on Friday, May 15th. Finally, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Figma in a research report on Tuesday, May 19th. Five 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. According to MarketBeat, Figma has a consensus rating of “Hold” and an average target price of $32.67.

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.