Figma (NYSE:FIG) CTO Kris Rasmussen Sells 181,345 Shares

Figma, Inc. (NYSE:FIG) CTO Kris Rasmussen sold 181,345 shares of Figma stock in a transaction dated Monday, January 5th. The shares were sold at an average price of $37.25, for a total transaction of $6,755,101.25. Following the transaction, the chief technology officer directly owned 10,698,648 shares of the company’s stock, valued at approximately $398,524,638. This trade represents a 1.67% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

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

• On Friday, January 2nd, Kris Rasmussen sold 14,252 shares of Figma stock. The shares were sold at an average price of $37.21, for a total transaction of $530,316.92.
• On Wednesday, December 3rd, Kris Rasmussen sold 177,387 shares of Figma stock. The shares were sold at an average price of $36.71, for a total transaction of $6,511,876.77.
• On Monday, December 1st, Kris Rasmussen sold 18,211 shares of Figma stock. The stock was sold at an average price of $35.45, for a total value of $645,579.95.
• On Wednesday, November 12th, Kris Rasmussen sold 31,715 shares of Figma stock. The shares were sold at an average price of $45.03, for a total value of $1,428,126.45.
• On Monday, November 10th, Kris Rasmussen sold 272,789 shares of Figma stock. The stock was sold at an average price of $43.47, for a total value of $11,858,137.83.
• On Monday, November 3rd, Kris Rasmussen sold 73,738 shares of Figma stock. The shares were sold at an average price of $48.17, for a total transaction of $3,551,959.46.

Figma Stock Performance

NYSE:FIG opened at $37.38 on Wednesday. The company’s 50-day moving average price is $39.32. The company has a market cap of $15.55 billion and a price-to-earnings ratio of -13.95. Figma, Inc. has a fifty-two week low of $32.83 and a fifty-two week high of $142.92.

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

Hedge Funds Weigh In On Figma

A number of institutional investors and hedge funds have recently made changes to their positions in FIG. Whittier Trust Co. of Nevada Inc. purchased a new stake in Figma during the third quarter valued at approximately $26,000. NewEdge Advisors LLC purchased a new stake in shares of Figma in the 3rd quarter worth $26,000. Wilmington Savings Fund Society FSB purchased a new stake in shares of Figma in the 3rd quarter worth $27,000. Sunbelt Securities Inc. bought a new position in Figma in the 3rd quarter worth $30,000. Finally, US Bancorp DE purchased a new position in Figma during the third quarter valued at $31,000.

Figma News Roundup

Here are the key news stories impacting Figma this week:

• Neutral Sentiment: Analyst/valuation coverage: a Yahoo Finance piece examines Figma’s valuation as shares retreat and user narratives diverge — useful context for investors reassessing growth vs. profitability expectations. Assessing Figma (FIG) Valuation As Shares Retreat And User Narratives Diverge
• Neutral Sentiment: Product visibility: a how-to tutorial on Figma scrollbar animation is circulating (MSN), reflecting continued user engagement and ecosystem activity but unlikely to move the stock materially. Figma tutorial: Easy scrollbar animation step by step
• Negative Sentiment: Price-target cut: RBC Capital lowered its Figma price target to $38 from $65, signaling reduced analyst confidence in near‑term upside and likely contributing to weaker sentiment among growth investors. Figma price target lowered to $38 from $65 at RBC Capital
• Negative Sentiment: Insider selling: multiple senior executives (CTO Kris Rasmussen, CFO Praveer Melwani, CRO Shaunt Voskanian, General Counsel Brendan Mulligan, CAO Tyler Herb) disclosed large open‑market sales in early January — the CTO sold ~181k shares (~$6.75M) and other officers sold smaller positions around $37 per share. Heavy insider sales can signal liquidity needs or portfolio diversification and often weigh on short‑term sentiment. (SEC filings) CTO Form 4 filing

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Figma in a research 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 report on Thursday, November 6th. The Goldman Sachs Group lifted their price target on shares of Figma from $49.00 to $54.00 and gave the stock a “neutral” rating in a research note on Friday, November 7th. JPMorgan Chase & Co. lowered their price objective on shares of Figma from $65.00 to $60.00 and set a “neutral” rating on the stock in a research report on Thursday, November 6th. Finally, Royal Bank Of Canada dropped their target price on shares of Figma from $65.00 to $38.00 and set a “sector perform” rating on the stock in a report on Monday. Three research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Figma presently has an average rating of “Hold” and a consensus price target of $59.00.

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.