Brendan Mulligan Sells 6,793 Shares of Figma (NYSE:FIG) Stock

Figma, Inc. (NYSE:FIG) General Counsel Brendan Mulligan sold 6,793 shares of the company’s stock in a transaction dated Friday, January 2nd. The stock was sold at an average price of $37.21, for a total value of $252,767.53. Following the sale, the general counsel owned 874,719 shares of the company’s stock, valued at $32,548,293.99. This represents a 0.77% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• On Monday, January 5th, Brendan Mulligan sold 5,666 shares of Figma stock. The shares were sold at an average price of $37.25, for a total value of $211,058.50.
• On Monday, December 15th, Brendan Mulligan sold 4,392 shares of Figma stock. The stock was sold at an average price of $34.65, for a total value of $152,182.80.
• On Wednesday, December 3rd, Brendan Mulligan sold 4,392 shares of Figma stock. The shares were 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 shares were 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 transaction 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 transaction of $458,867.42.

Figma Price Performance

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

Figma (NYSE:FIG) last issued its 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 return on equity of 84.34% and a negative net margin of 99.32%.The company had revenue of $274.17 million during the quarter. During the same period in the previous year, the company earned $0.04 EPS. Figma’s quarterly revenue was up 38.0% on a year-over-year basis.

Analyst Ratings Changes

FIG has been the topic of a number of analyst reports. Wells Fargo & Company dropped their price objective on shares of Figma from $70.00 to $52.00 and set an “equal weight” rating on the stock in a research note on Wednesday, November 5th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Figma in a report on Monday, December 29th. Piper Sandler dropped their price target on shares of Figma from $85.00 to $70.00 and set an “overweight” rating on the stock in a research note on Thursday, November 6th. The Goldman Sachs Group upped their price objective on shares of Figma from $49.00 to $54.00 and gave the company a “neutral” rating in a research report on Friday, November 7th. Finally, Royal Bank Of Canada lowered their target price on Figma from $65.00 to $38.00 and set a “sector perform” rating for the company in a research note on Monday. Three research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned 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 $59.00.

Figma News Summary

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)

Hedge Funds Weigh In On Figma

Hedge funds have recently bought and sold shares of the company. Whittier Trust Co. of Nevada Inc. acquired a new stake in Figma during the third quarter valued at approximately $26,000. NewEdge Advisors LLC acquired a new position in shares of Figma in the 3rd quarter worth approximately $26,000. Wilmington Savings Fund Society FSB bought a new stake in shares of Figma in the 3rd quarter valued at approximately $27,000. Sunbelt Securities Inc. acquired a new stake in shares of Figma during the 3rd quarter valued at approximately $30,000. Finally, US Bancorp DE bought a new position in Figma during the third quarter worth $31,000.

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.