Insider Selling: Figma (NYSE:FIG) General Counsel Sells 11,599 Shares of Company Stock

Figma, Inc. (NYSE:FIG) General Counsel Brendan Mulligan sold 11,599 shares of the company’s stock in a transaction on Tuesday, November 3rd. The shares were sold at an average price of $21.30, for a total value of $247,058.70. Following the completion of the transaction, the general counsel owned 555,656 shares of the company’s stock, valued at $11,835,472.80. The trade was a 2.04% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Monday, October 5th, Brendan Mulligan sold 20,701 shares of Figma stock. The stock was sold at an average price of $21.74, for a total transaction of $450,039.74.
• On Thursday, September 3rd, Brendan Mulligan sold 109,106 shares of Figma stock. The shares were sold at an average price of $25.98, for a total transaction of $2,834,573.88.
• On Friday, August 28th, Brendan Mulligan sold 211,599 shares of Figma stock. The stock was sold at an average price of $29.79, for a total value of $6,303,534.21.

Figma Price Performance

NYSE FIG traded down $3.75 during mid-day trading on Thursday, hitting $18.38. The company’s stock had a trading volume of 29,887,753 shares, compared to its average volume of 16,811,639. Figma, Inc. has a 52-week low of $16.60 and a 52-week high of $46.79. The stock’s fifty day simple moving average is $23.03 and its two-hundred day simple moving average is $23.06. The firm has a market capitalization of $8.36 billion, a P/E ratio of -5.05 and a beta of 1.17.

Figma (NYSE:FIG) last issued its quarterly earnings data on Wednesday, November 4th. The company reported $0.10 EPS for the quarter, topping analysts’ consensus estimates of ($0.22) by $0.32. The company had revenue of $391.42 million for the quarter. Figma had a negative return on equity of 100.03% and a negative net margin of 123.15%. The company’s revenue for the quarter was up 42.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.10 EPS. On average, equities analysts forecast that Figma, Inc. will post -0.75 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. Weiss Ratings raised shares of Figma from a “sell (e+)” rating to a “sell (d-)” rating in a report on Tuesday, October 6th. Oppenheimer reiterated a “market perform” rating on shares of Figma in a research note on Thursday. Bank of America boosted their price objective on Figma from $30.00 to $33.00 and gave the company a “buy” rating in a report on Wednesday, August 19th. Piper Sandler restated an “overweight” rating on shares of Figma in a research note on Monday, October 26th. Finally, Citigroup reduced their target price on Figma from $37.00 to $35.00 and set a “buy” rating on the stock in a report on Wednesday, October 28th. Four investment analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $30.70.

Figma News Roundup

Here are the key news stories impacting Figma this week:

• Positive Sentiment: Third-quarter revenue rose 43% year over year to about $391 million, and earnings per share of $0.10 topped estimates. Figma also raised its 2026 revenue outlook to $1.497 billion–$1.499 billion and forecast fourth-quarter revenue of $402 million–$404 million. Figma outlook
• Positive Sentiment: Figma says repricing AI credit add-ons increased user utilization by 40%. Monetizing AI features and developing an in-house design model could support future growth and improve margins. Reuters report on AI credits and in-house model
• Neutral Sentiment: Royal Bank of Canada lowered its price target to $24 from $28 and maintained a “sector perform” rating. The revised target remains above the share price cited in the report. Royal Bank of Canada rating
• Negative Sentiment: Despite the earnings beat and higher guidance, investors are concerned that AI models and agents are expensive to build and operate. The near-term cost of these investments may weigh on profitability before the benefits are fully realized. MarketWatch on AI costs and investor concerns

Institutional Trading of Figma

Several institutional investors have recently added to or reduced their stakes in FIG. Parallel Advisors LLC grew its stake in Figma by 3,890.0% during the 1st quarter. Parallel Advisors LLC now owns 1,197 shares of the company’s stock worth $25,000 after buying an additional 1,167 shares during the last quarter. Sunbelt Securities Inc. boosted its holdings in shares of Figma by 287.0% during the first quarter. Sunbelt Securities Inc. now owns 2,225 shares of the company’s stock valued at $47,000 after acquiring an additional 1,650 shares during the period. Atlantic Private Wealth LLC acquired a new position in shares of Figma during the first quarter valued at $74,000. IFP Advisors Inc boosted its holdings in shares of Figma by 176.1% during the second quarter. IFP Advisors Inc now owns 4,327 shares of the company’s stock valued at $78,000 after acquiring an additional 2,760 shares during the period. Finally, Allspring Global Investments Holdings LLC bought a new position in shares of Figma during the third quarter worth about $215,000.

Figma Company Profile

Figma, Inc (NYSE: FIG) develops collaborative software for designing digital products and user experiences. Its browser-based platform enables teams to create, prototype, review and manage designs in real time, supporting collaboration among designers, developers, product managers and other stakeholders.

The company’s product portfolio includes Figma Design, a collaborative interface-design and prototyping tool; FigJam, an online whiteboard for brainstorming and planning; and Dev Mode, which helps developers inspect designs and translate them into software.