Kris Rasmussen Sells 196,397 Shares of Figma (NYSE:FIG) Stock

Figma, Inc. (NYSE:FIG) CTO Kris Rasmussen sold 196,397 shares of Figma stock in a transaction on Tuesday, August 4th. The shares were sold at an average price of $25.53, for a total transaction of $5,014,015.41. Following the completion of the transaction, the chief technology officer directly owned 9,234,587 shares in the company, valued at $235,759,006.11. The trade was a 2.08% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Kris Rasmussen also recently made the following trade(s):

• On Wednesday, July 29th, Kris Rasmussen sold 261,301 shares of Figma stock. The shares were sold at an average price of $25.07, for a total transaction of $6,550,816.07.
• On Tuesday, May 19th, Kris Rasmussen sold 327,046 shares of Figma stock. The shares were sold at an average price of $25.07, for a total transaction of $8,199,043.22.

Figma Stock Down 2.8%

NYSE FIG opened at $23.29 on Friday. Figma, Inc. has a 52-week low of $16.60 and a 52-week high of $91.00. The business’s 50-day moving average price is $21.70 and its 200 day moving average price is $22.77. The firm has a market cap of $10.60 billion and a P/E ratio of -6.40.

Figma (NYSE:FIG) last issued its quarterly earnings results on Wednesday, August 5th. The company reported $0.08 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.22) by $0.30. The firm had revenue of $370.08 million for the quarter. Figma had a negative return on equity of 100.47% and a negative net margin of 123.15%.The business’s revenue was up 48.2% on a year-over-year basis. During the same quarter last year, the firm earned $0.09 EPS. As a group, analysts anticipate that Figma, Inc. will post -0.79 earnings per share for the current year.

Figma News Roundup

Here are the key news stories impacting Figma this week:

• Positive Sentiment: Figma reported second-quarter revenue of $370.1 million, up 48.2% year over year, and adjusted earnings of $0.08 per share, exceeding expectations. Net dollar retention reached 136%, indicating strong customer expansion and platform engagement. Figma second-quarter earnings
• Positive Sentiment: Management raised its fiscal 2026 revenue outlook to approximately $1.463 billion-$1.467 billion and expects third-quarter revenue of $373 million-$375 million. AI-powered features and credit monetization are viewed by bullish analysts as potential drivers of additional growth and customer usage. Figma fiscal 2026 outlook
• Neutral Sentiment: Several executives, including the CFO, CTO, CRO and CAO, sold shares under pre-arranged Rule 10b5-1 trading plans. Because the sales represented relatively small portions of their remaining holdings and were scheduled transactions, they provide limited insight into management’s current outlook. Figma insider transactions
• Negative Sentiment: The primary pressure on the stock is Figma’s aggressive AI investment. Higher AI-related costs and gross margin of about 85%, down from the prior year, are raising concerns about near-term profitability and operating leverage. Investors are also wary of decelerating revenue growth, possible AI disruption to Figma’s core design market and executive departures. These concerns led some analysts to downgrade the shares despite the earnings beat. Figma AI costs and margins

Institutional Trading of Figma

A number of institutional investors have recently modified their holdings of FIG. SC US Ttgp LTD. raised its position in Figma by 5.8% in the first quarter. SC US Ttgp LTD. now owns 26,728,171 shares of the company’s stock worth $565,034,000 after acquiring an additional 1,466,851 shares in the last quarter. a16z Capital Management L.L.C. acquired a new position in shares of Figma during the 3rd quarter worth $842,687,000. JPMorgan Chase & Co. increased its holdings in shares of Figma by 119.4% in the 4th quarter. JPMorgan Chase & Co. now owns 6,643,939 shares of the company’s stock valued at $248,284,000 after purchasing an additional 3,615,198 shares in the last quarter. Baillie Gifford & Co. lifted its stake in shares of Figma by 93.8% in the fourth quarter. Baillie Gifford & Co. now owns 5,763,613 shares of the company’s stock valued at $215,386,000 after purchasing an additional 2,789,986 shares during the period. Finally, Viking Global Investors LP purchased a new stake in Figma during the fourth quarter worth about $214,967,000.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. Wells Fargo & Company decreased their price target on Figma from $42.00 to $36.00 and set an “overweight” rating for the company in a report on Friday, June 26th. Royal Bank Of Canada reissued a “sector perform” rating on shares of Figma in a research note on Thursday. Piper Sandler restated an “overweight” rating and set a $30.00 price objective on shares of Figma in a research report on Thursday, June 25th. BTIG Research assumed coverage on shares of Figma in a research note on Monday, April 13th. They issued a “neutral” rating for the company. Finally, Morgan Stanley set a $33.00 target price on shares of Figma in a report on Thursday. Five research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $32.22.

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.