Figma (NYSE:FIG) General Counsel Brendan Mulligan Sells 10,000 Shares of Stock

Figma, Inc. (NYSE:FIG) General Counsel Brendan Mulligan sold 10,000 shares of the firm’s stock in a transaction on Wednesday, November 12th. The stock was sold at an average price of $45.00, for a total transaction of $450,000.00. Following the completion of the sale, the general counsel owned 903,181 shares in the company, valued at $40,643,145. This represents a 1.10% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Brendan Mulligan also recently made the following trade(s):

• On Monday, November 10th, Brendan Mulligan sold 80,934 shares of Figma stock. The stock was sold at an average price of $43.47, for a total value of $3,518,200.98.
• On Monday, November 3rd, Brendan Mulligan sold 9,526 shares of Figma stock. The shares were sold at an average price of $48.17, for a total value of $458,867.42.

Figma Price Performance

FIG traded down $0.48 during trading on Friday, reaching $40.08. 2,072,317 shares of the company’s stock were exchanged, compared to its average volume of 11,407,026. The firm has a 50 day moving average of $53.76. Figma, Inc. has a fifty-two week low of $39.14 and a fifty-two week high of $142.92.

Figma (NYSE:FIG) last posted its earnings results on Wednesday, November 5th. The company reported $0.10 earnings per share for the quarter, beating analysts’ consensus estimates of ($1.56) by $1.66. The business had revenue of $274.17 million during the quarter. The firm’s revenue for the quarter was up 38.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.04 earnings per share. Figma has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the stock. Morgan Stanley lowered their target price on shares of Figma from $80.00 to $70.00 and set an “equal weight” rating on the stock in a report on Thursday, September 4th. Wolfe Research started coverage on shares of Figma in a report on Monday, August 25th. They set a “peer perform” rating for the company. William Blair reissued an “outperform” rating on shares of Figma in a research note on Thursday, September 4th. JPMorgan Chase & Co. dropped their target price on Figma from $65.00 to $60.00 and set a “neutral” rating for the company in a research report on Thursday, November 6th. Finally, Wells Fargo & Company lowered their price objective on Figma from $70.00 to $52.00 and set an “equal weight” rating for the company in a research report on Wednesday, November 5th. Three equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $62.86.

Institutional Investors Weigh In On Figma

A number of institutional investors and hedge funds have recently made changes to their positions in FIG. SC US Ttgp LTD. bought a new position in Figma in the 3rd quarter valued at about $1,310,305,000. Baillie Gifford & Co. acquired a new position in Figma in the 3rd quarter valued at $154,242,000. SurgoCap Partners LP acquired a new stake in shares of Figma during the third quarter worth $120,210,000. Wellington Management Group LLP acquired a new position in shares of Figma in the third quarter valued at about $74,503,000. Finally, Capital International Investors acquired a new stake in Figma in the 3rd quarter worth about $61,918,000.

About Figma

Figma is where teams come together to turn ideas into the world’s best digital products and experiences. Every day, billions of people around the world use apps, websites, and other digital experiences that are made in Figma. They’re looking up directions on Google Maps; requesting rides with Uber; checking in for flights on JetBlue; streaming shows on Netflix; learning languages with Duolingo; asking questions of Claude; connecting on LinkedIn; buying goods on Mercado Libre; or booking stays and experiences with Airbnb.