Insider Selling: Figma (NYSE:FIG) General Counsel Sells 5,666 Shares of Stock

Figma, Inc. (NYSE:FIG) General Counsel Brendan Mulligan sold 5,666 shares of the business’s stock in a transaction dated Monday, January 5th. The shares were sold at an average price of $37.25, for a total value of $211,058.50. Following the completion of the transaction, the general counsel owned 869,053 shares in the company, valued at $32,372,224.25. This trade represents a 0.65% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• On Friday, January 2nd, Brendan Mulligan sold 6,793 shares of Figma stock. The stock was sold at an average price of $37.21, for a total value of $252,767.53.
• On Monday, December 15th, Brendan Mulligan sold 4,392 shares of Figma stock. The shares were sold at an average price of $34.65, for a total transaction of $152,182.80.
• On Wednesday, December 3rd, Brendan Mulligan sold 4,392 shares of Figma stock. The stock was sold at an average price of $36.68, for a total transaction of $161,098.56.
• On Monday, December 1st, Brendan Mulligan sold 9,343 shares of Figma stock. The stock was sold at an average price of $35.45, for a total transaction of $331,209.35.
• On Monday, November 17th, Brendan Mulligan sold 4,299 shares of Figma stock. The stock was sold at an average price of $37.29, for a total value of $160,309.71.
• On Wednesday, November 12th, Brendan Mulligan sold 10,000 shares of Figma stock. The stock was sold at an average price of $45.00, for a total transaction of $450,000.00.
• On Monday, November 10th, Brendan Mulligan sold 80,934 shares of Figma stock. The shares were sold at an average price of $43.47, for a total transaction of $3,518,200.98.
• On Monday, November 3rd, Brendan Mulligan sold 9,526 shares of Figma stock. The stock was sold at an average price of $48.17, for a total value of $458,867.42.

Figma Price Performance

NYSE:FIG traded up $0.31 during trading hours on Tuesday, hitting $37.38. 4,971,489 shares of the stock were exchanged, compared to its average volume of 5,852,425. Figma, Inc. has a twelve month low of $32.83 and a twelve month high of $142.92. The company’s 50 day moving average is $39.61. The firm has a market capitalization of $15.55 billion and a P/E ratio of -13.95.

Figma (NYSE:FIG) last issued its quarterly earnings results on Wednesday, November 5th. The company reported $0.10 earnings per share for the quarter, topping the consensus estimate of ($1.56) by $1.66. Figma had a negative net margin of 99.32% and a negative return on equity of 84.34%. The company had revenue of $274.17 million during the quarter. During the same period in the prior year, the business earned $0.04 earnings per share. Figma’s revenue was up 38.0% compared to the same quarter last year.

Key Figma News

Here are the key news stories impacting Figma this week:

• Neutral Sentiment: Analysis piece flags valuation and user-narrative divergence as shares have retreated; useful for investors assessing whether current price reflects medium-term growth assumptions. Assessing Figma (FIG) Valuation As Shares Retreat And User Narratives Diverge
• Neutral Sentiment: General-interest tutorial coverage (not material to fundamentals) — minimal direct impact on stock price but indicates ongoing user engagement in the design community. Figma tutorial: Easy scrollbar animation step by step
• Negative Sentiment: RBC Capital sharply cut its price target from $65 to $38, signaling reduced analyst conviction and likely pressuring sentiment among growth-focused investors. Figma price target lowered to $38 from $65 at RBC Capital
• Negative Sentiment: Multiple senior executives disclosed stock sales (CTO Kris Rasmussen sold ~181,345 shares for ~$6.76M; CFO Praveer Melwani, GC Brendan Mulligan, CRO Shaunt Voskanian, and CAO Tyler Herb also reported smaller sales). Large insider selling can be read as a liquidity/diversification move but often raises near?term concern among investors about insider conviction. SEC filings available for review. CTO Form 4 (SEC)

Wall Street Analysts Forecast Growth

FIG has been the subject of a number of research reports. Weiss Ratings reissued a “sell (e+)” rating on shares of Figma in a research note on Monday, December 29th. Wells Fargo & Company dropped their price objective on Figma from $70.00 to $52.00 and set an “equal weight” rating for the company in a research note on Wednesday, November 5th. JPMorgan Chase & Co. cut their price target on Figma from $65.00 to $60.00 and set a “neutral” rating on the stock in a research note on Thursday, November 6th. Piper Sandler dropped their price objective on shares of Figma from $85.00 to $70.00 and set an “overweight” rating on the stock in a report on Thursday, November 6th. Finally, The Goldman Sachs Group lifted their target price on Figma from $49.00 to $54.00 and gave the stock a “neutral” rating in a report on Friday, November 7th. Three analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Figma currently has a consensus rating of “Hold” and an average target price of $59.00.

Hedge Funds Weigh In On Figma

Institutional investors have recently modified their holdings of the business. Voya Investment Management LLC purchased a new position in shares of Figma during the third quarter worth approximately $3,412,000. VERITY Wealth Advisors purchased a new stake in shares of Figma in the third quarter valued at $519,000. Tripletail Wealth Management LLC purchased a new stake in shares of Figma during the 3rd quarter valued at $53,000. Renaissance Capital LLC purchased a new position in Figma in the third quarter valued at approximately $2,439,000. Finally, SOA Wealth Advisors LLC. purchased a new stake in shares of Figma in the third quarter worth about $39,000.

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.