Praveer Melwani Sells 16,247 Shares of Figma (NYSE:FIG) Stock

Figma, Inc. (NYSE:FIG) CFO Praveer Melwani sold 16,247 shares of the company’s stock in a transaction dated Monday, February 2nd. The shares were sold at an average price of $24.86, for a total transaction of $403,900.42. Following the completion of the transaction, the chief financial officer directly owned 1,550,298 shares in the company, valued at $38,540,408.28. The trade was a 1.04% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Praveer Melwani also recently made the following trade(s):

• On Friday, January 2nd, Praveer Melwani sold 11,880 shares of Figma stock. The shares were sold at an average price of $37.21, for a total transaction of $442,054.80.
• On Monday, December 22nd, Praveer Melwani sold 11,137 shares of Figma stock. The stock was sold at an average price of $40.01, for a total transaction of $445,591.37.
• On Monday, December 22nd, Praveer Melwani sold 12,714 shares of Figma stock. The stock was sold at an average price of $40.01, for a total transaction of $508,687.14.
• On Monday, December 1st, Praveer Melwani sold 15,781 shares of Figma stock. The shares were sold at an average price of $35.45, for a total value of $559,436.45.
• On Wednesday, November 12th, Praveer Melwani sold 10,000 shares of Figma stock. The stock was sold at an average price of $45.00, for a total value of $450,000.00.
• On Monday, November 10th, Praveer Melwani sold 13,000 shares of Figma stock. The shares were sold at an average price of $43.46, for a total value of $564,980.00.
• On Monday, November 10th, Praveer Melwani sold 14,532 shares of Figma stock. The stock was sold at an average price of $43.47, for a total value of $631,706.04.

Figma Stock Down 1.5%

Shares of Figma stock opened at $22.17 on Friday. The stock has a market cap of $9.22 billion and a PE ratio of -8.27. The firm’s 50-day moving average price is $34.04. Figma, Inc. has a 12 month low of $19.85 and a 12 month high of $142.92.

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

Key Headlines Impacting Figma

Here are the key news stories impacting Figma this week:

• Positive Sentiment: Retail dip-buying is creating short-term demand as some individual investors view Figma’s sell-off as a buying opportunity, which can provide temporary support. MSN story
• Positive Sentiment: Macro commentary from industry leaders (Nvidia’s CEO saying AI will augment rather than replace software) is a tailwind for SaaS platforms like Figma and supports the argument that platform vendors can capture AI value. Fool article
• Positive Sentiment: Fundamentals: Figma previously reported revenue growth and an EPS beat in its last quarter (revenue up ~38%), which remains a positive underpinning if growth execution continues. MarketBeat earnings summary
• Neutral Sentiment: Product strategy: Figma is embedding AI (project “Weave”) into the product — a potential long-term differentiator, but investors are waiting for measurable adoption and financial impact before repricing. Yahoo Finance
• Neutral Sentiment: Analyst repositioning and mixed coverage: Several firms have trimmed targets or adjusted coverage, which raises short-term volatility but doesn’t reflect unanimous sell-side consensus. Watch for further revisions. UK Finance/Yahoo
• Negative Sentiment: Clustered insider selling: Multiple senior executives (CFO, CTO, GC, CRO, CAO) disclosed sales on Feb. 2, including large blocks from the CTO and CFO — markets often read clustered executive sales as a near‑term negative for confidence. InsiderTrades alert
• Negative Sentiment: Valuation pressure and competitive AI headwinds: Target cuts and commentary about Alphabet/Google’s AI push have increased sector-wide valuation stress for design/productivity tools, weighing on FIG’s multiple. 247WallStreet

Hedge Funds Weigh In On Figma

A number of institutional investors and hedge funds have recently added to or reduced their stakes in FIG. Whittier Trust Co. of Nevada Inc. acquired a new stake in Figma during the third quarter worth approximately $26,000. NewEdge Advisors LLC purchased a new position in shares of Figma in the 3rd quarter valued at $26,000. Concord Wealth Partners raised its stake in Figma by 1,446.8% during the 4th quarter. Concord Wealth Partners now owns 727 shares of the company’s stock worth $27,000 after acquiring an additional 680 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in Figma in the third quarter valued at $27,000. Finally, Sunbelt Securities Inc. acquired a new position in Figma in the third quarter valued at $30,000.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. The Goldman Sachs Group started coverage on Figma in a report on Monday, January 12th. They issued a “neutral” rating and a $40.00 target price for the company. Wells Fargo & Company upgraded Figma from an “equal weight” rating to an “overweight” rating and set a $52.00 price objective for the company in a research note on Thursday, January 8th. Royal Bank Of Canada lowered their price objective on Figma from $65.00 to $38.00 and set a “sector perform” rating for the company in a research report on Monday, January 5th. Stifel Nicolaus began coverage on shares of Figma in a report on Wednesday, January 7th. They issued a “hold” rating and a $40.00 target price on the stock. Finally, Barclays upgraded shares of Figma to a “neutral” rating in a research note on Thursday, January 8th. Four analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $47.75.

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.