Praveer Melwani Sells 30,460 Shares of Figma (NYSE:FIG) Stock

Figma, Inc. (NYSE:FIG) CFO Praveer Melwani sold 30,460 shares of the firm’s stock in a transaction that occurred on Monday, July 6th. The shares were sold at an average price of $20.48, for a total value of $623,820.80. Following the completion of the transaction, the chief financial officer owned 1,711,526 shares of the company’s stock, valued at approximately $35,052,052.48. This represents a 1.75% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Wednesday, June 3rd, Praveer Melwani sold 83,974 shares of Figma stock. The stock was sold at an average price of $22.77, for a total value of $1,912,087.98.

Figma Trading Up 3.0%

NYSE FIG opened at $22.31 on Friday. Figma, Inc. has a 12 month low of $16.60 and a 12 month high of $142.92. The stock has a 50 day moving average of $20.70 and a 200-day moving average of $24.59. The company has a market cap of $9.94 billion and a PE ratio of -6.51.

Figma (NYSE:FIG) last issued its earnings results on Thursday, May 14th. The company reported $0.10 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.17) by $0.27. The business had revenue of $333.44 million for the quarter. Figma had a negative net margin of 123.83% and a negative return on equity of 98.51%. The business’s revenue for the quarter was up 46.1% compared to the same quarter last year. As a group, sell-side analysts predict that Figma, Inc. will post -0.8 EPS for the current fiscal year.

Key Figma News

Here are the key news stories impacting Figma this week:

• Positive Sentiment: Bank of America reinstated coverage on Figma with a Buy rating and a $30 price target, saying AI could strengthen Figma’s competitive position and create new revenue opportunities. CNBC analyst calls article
• Positive Sentiment: Multiple reports echoed the bullish BofA view, with some analysts arguing Figma may be a better AI bet than Adobe, helping support sentiment after June’s pullback. Why Figma is a better AI bet than Adobe
• Positive Sentiment: Figma’s recent buying activity around AI and product innovation suggests management is leaning into growth opportunities, including the acquisition of the team behind a vibe-coding app. Figma Buys Bud AI App-Builder Team, Shuts Platform This Month
• Neutral Sentiment: The company’s CRO sold shares in a pre-arranged 10b5-1 plan, which is worth watching but does not necessarily signal concern about operations. CRO Shaunt Voskanian sale details
• Negative Sentiment: Figma also disclosed CFO share sales under a 10b5-1 plan, and insider selling can weigh on investor sentiment even when it is preplanned. CFO Praveer Melwani sale details
• Negative Sentiment: Traders are also contending with a softer risk backdrop and technical pressure near the 200-day moving average, which has contributed to choppiness in the stock. Figma Stock Battles 200-Day Moving Average

Institutional Investors Weigh In On Figma

Institutional investors have recently made changes to their positions in the company. Parallel Advisors LLC increased its stake in shares of Figma by 3,890.0% during the first quarter. Parallel Advisors LLC now owns 1,197 shares of the company’s stock worth $25,000 after purchasing an additional 1,167 shares during the period. NewEdge Advisors LLC bought a new stake in Figma in the 3rd quarter valued at $26,000. DV Equities LLC acquired a new position in Figma in the 4th quarter valued at $26,000. Concord Wealth Partners lifted its position in shares of Figma by 1,446.8% during the 4th quarter. Concord Wealth Partners now owns 727 shares of the company’s stock valued at $27,000 after acquiring an additional 680 shares during the period. Finally, Harbour Investments Inc. grew its holdings in shares of Figma by 1,568.2% during the 4th quarter. Harbour Investments Inc. now owns 734 shares of the company’s stock worth $27,000 after purchasing an additional 690 shares in the last quarter.

Wall Street Analysts Forecast Growth

FIG has been the subject of a number of research analyst reports. Weiss Ratings reiterated a “sell (e+)” rating on shares of Figma in a report on Tuesday, May 19th. Wells Fargo & Company dropped their price objective on Figma from $42.00 to $36.00 and set an “overweight” rating on the stock in a research note on Friday, June 26th. Stifel Nicolaus set a $25.00 price objective on Figma in a research report on Friday, May 15th. BTIG Research assumed coverage on Figma in a research note on Monday, April 13th. They set a “neutral” rating for the company. Finally, Royal Bank Of Canada decreased their target price on Figma from $28.00 to $22.00 and set a “sector perform” rating on the stock in a report on Thursday, June 25th. Five equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $32.67.

Figma Company Profile

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.