Figma (NYSE:FIG) Stock: Insider Brendan Mulligan Sells 11,599 Shares

Figma, Inc. (NYSE:FIG) General Counsel Brendan Mulligan sold 11,599 shares of the firm’s stock in a transaction that occurred on Tuesday, November 3rd. The stock was sold at an average price of $21.30, for a total transaction of $247,058.70. Following the sale, the general counsel owned 555,656 shares of the company’s stock, valued at approximately $11,835,472.80. The trade was a 2.04% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available 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 Trading Up 1.9%

Figma stock opened at $18.79 on Friday. The business has a 50-day moving average of $22.62 and a 200-day moving average of $22.96. The firm has a market capitalization of $8.55 billion, a P/E ratio of -17.56 and a beta of 1.17. Figma, Inc. has a 1 year low of $16.60 and a 1 year high of $45.42.

Figma (NYSE:FIG) last released its quarterly earnings results on Wednesday, November 4th. The company reported $0.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.22) by $0.32. Figma had a negative net margin of 123.15% and a negative return on equity of 100.03%. The company had revenue of $391.42 million during the quarter. During the same period in the previous year, the company earned $0.10 earnings per share. Figma’s quarterly revenue was up 42.8% on a year-over-year basis. Research analysts anticipate that Figma, Inc. will post -0.75 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research analysts recently issued reports on FIG shares. Wells Fargo & Company dropped their price objective on Figma from $34.00 to $30.00 and set an “overweight” rating on the stock in a research note on Monday, October 12th. Telsey Advisory Group assumed coverage on Figma in a research report on Monday, November 2nd. They issued a “hold” rating for the company. Piper Sandler restated an “overweight” rating on shares of Figma in a research report on Monday, October 26th. Citigroup decreased their target price on Figma from $35.00 to $34.00 and set a “buy” rating for the company in a research report on Friday. Finally, Royal Bank Of Canada cut their price target on Figma from $28.00 to $24.00 and set a “sector perform” rating on the stock in a report on Thursday. Four analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $28.80.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Amova Asset Management Americas Inc. increased its stake in Figma by 641.4% during the 1st quarter. Amova Asset Management Americas Inc. now owns 1,467,887 shares of the company’s stock worth $31,031,000 after buying an additional 1,269,900 shares in the last quarter. Greylock XIV GP LLC acquired a new position in shares of Figma in the 2nd quarter worth approximately $1,056,824,403. Rokos Capital Management LLP acquired a new position in shares of Figma during the first quarter worth about $4,414,000. Citizens Financial Group Inc. RI bought a new position in Figma in the first quarter valued at approximately $3,429,000. Finally, Entropy Technologies LP acquired a new position in shares of Figma during the first quarter worth approximately $2,263,000.

Key Headlines Impacting Figma

Here are the key news stories impacting Figma this week:

• Positive Sentiment: Q3 revenue rose 42.8% year over year to $391.4 million, while adjusted earnings of $0.10 per share beat estimates. Figma also raised its 2026 revenue outlook to $1.497 billion–$1.499 billion and forecast Q4 revenue of $402 million–$404 million. Figma Q3 earnings report
• Positive Sentiment: Figma said repricing AI credits increased user utilization by 40%. Its plans to monetize AI features and develop an in-house design model could create additional growth opportunities. Figma earnings takeaways
• Neutral Sentiment: Figma’s CAO and general counsel reported share sales under pre-arranged Rule 10b5-1 plans. Both retained substantial holdings, limiting the significance of the sales as a standalone signal. Figma insider transactions
• Negative Sentiment: Despite the earnings beat and improved guidance, investors are concerned that building and delivering AI features could be costly and pressure margins as Figma invests for long-term growth. Investor concerns about AI costs
• Negative Sentiment: JPMorgan and RBC lowered their price targets to $24 and maintained neutral or sector-perform ratings, reinforcing a cautious view after the results. JPMorgan analyst update

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.