Figma (NYSE:FIG) CTO Kris Rasmussen Sells 261,301 Shares of Stock

Figma, Inc. (NYSE:FIG) CTO Kris Rasmussen sold 261,301 shares of the stock in a transaction dated Wednesday, July 29th. The stock was sold at an average price of $25.07, for a total value of $6,550,816.07. Following the transaction, the chief technology officer owned 9,492,946 shares of the company’s stock, valued at approximately $237,988,156.22. This trade represents a 2.68% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Tuesday, May 19th, Kris Rasmussen sold 327,046 shares of Figma stock. The shares were sold at an average price of $25.07, for a total value of $8,199,043.22.

Figma Price Performance

FIG stock opened at $24.36 on Friday. The stock has a market capitalization of $10.86 billion and a P/E ratio of -7.10. Figma, Inc. has a fifty-two week low of $16.60 and a fifty-two week high of $142.92. The business has a 50-day moving average of $21.46 and a 200-day moving average of $23.02.

Figma (NYSE:FIG) last posted its quarterly earnings data on Thursday, May 14th. The company reported $0.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.17) by $0.27. Figma had a negative return on equity of 98.51% and a negative net margin of 123.83%.The business had revenue of $333.44 million during the quarter. The company’s revenue was up 46.1% compared to the same quarter last year. Equities analysts expect that Figma, Inc. will post -0.79 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on FIG shares. Citigroup decreased their price target on shares of Figma from $36.00 to $35.00 and set a “buy” rating for the company in a research note on Friday, July 24th. Piper Sandler reissued an “overweight” rating and issued a $30.00 price objective on shares of Figma in a research report on Thursday, June 25th. Oppenheimer restated a “market perform” rating on shares of Figma in a report on Thursday, June 25th. Stifel Nicolaus set a $25.00 target price on shares of Figma in a research report on Friday, May 15th. Finally, JPMorgan Chase & Co. lowered their price target on shares of Figma from $45.00 to $42.00 and set a “neutral” rating on the stock in a research note on Friday, May 15th. Five investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $32.56.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Fluent Financial LLC bought a new stake in shares of Figma during the 2nd quarter worth approximately $765,000. Valeo Financial Advisors LLC acquired a new stake in shares of Figma in the 2nd quarter valued at approximately $203,000. Parallel Advisors LLC grew its stake 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 buying an additional 1,167 shares in the last quarter. J. Derek Lewis & Associates Inc. grew its stake in shares of Figma by 58.6% in the first 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 in the last quarter. Finally, Bank of America Corp DE increased its holdings in Figma by 428.1% during the first quarter. Bank of America Corp DE now owns 4,180,575 shares of the company’s stock worth $88,377,000 after buying an additional 3,388,902 shares during the last quarter.

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.