Insider Selling: Figma (NYSE:FIG) General Counsel Sells $126,687.10 in Stock

Figma, Inc. (NYSE:FIG) General Counsel Brendan Mulligan sold 4,817 shares of Figma stock in a transaction that occurred on Monday, March 16th. The shares were sold at an average price of $26.30, for a total transaction of $126,687.10. Following the transaction, the general counsel directly owned 825,644 shares in the company, valued at $21,714,437.20. This represents a 0.58% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

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

• On Tuesday, March 3rd, Brendan Mulligan sold 4,817 shares of Figma stock. The stock was sold at an average price of $28.30, for a total transaction of $136,321.10.
• On Thursday, February 19th, Brendan Mulligan sold 5,227 shares of Figma stock. The shares were sold at an average price of $26.00, for a total transaction of $135,902.00.
• On Tuesday, February 10th, Brendan Mulligan sold 5,227 shares of Figma stock. The shares were sold at an average price of $25.00, for a total transaction of $130,675.00.
• On Monday, February 2nd, Brendan Mulligan sold 7,671 shares of Figma stock. The stock was sold at an average price of $24.86, for a total transaction of $190,701.06.
• On Thursday, January 15th, Brendan Mulligan sold 5,666 shares of Figma stock. The stock was sold at an average price of $32.02, for a total transaction of $181,425.32.
• On Monday, January 5th, Brendan Mulligan sold 5,666 shares of Figma stock. The stock was sold at an average price of $37.25, for a total value of $211,058.50.
• On Friday, January 2nd, Brendan Mulligan sold 6,793 shares of Figma stock. The shares were sold at an average price of $37.21, for a total value of $252,767.53.

Figma Stock Down 2.1%

NYSE:FIG opened at $23.71 on Friday. The business’s 50-day simple moving average is $27.05 and its two-hundred day simple moving average is $39.96. Figma, Inc. has a 52 week low of $19.85 and a 52 week high of $142.92. The stock has a market cap of $10.46 billion and a PE ratio of -7.60.

Figma (NYSE:FIG) last released its quarterly earnings data on Wednesday, February 18th. The company reported $0.08 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.20) by $0.28. Figma had a negative return on equity of 97.03% and a negative net margin of 121.87%.The firm had revenue of $303.78 million during the quarter. The firm’s revenue for the quarter was up 40.1% compared to the same quarter last year.

Institutional Trading of Figma

Several hedge funds have recently modified their holdings of FIG. Alphabet Inc. bought a new stake in Figma in the third quarter worth $11,182,000. Rit Capital Partners PLC bought a new position in Figma during the third quarter valued at $2,592,000. Sands Capital Management LLC purchased a new position in shares of Figma in the 3rd quarter worth $11,762,000. Sumitomo Mitsui Trust Group Inc. purchased a new position in shares of Figma in the 3rd quarter worth $11,075,000. Finally, NZS Capital LLC bought a new stake in shares of Figma in the 3rd quarter worth about $8,070,000.

More Figma News

Here are the key news stories impacting Figma this week:

• Positive Sentiment: Last quarter Figma beat EPS expectations and reported ~40% year-over-year revenue growth, evidence the business is still growing quickly — a constructive fundamental datapoint for longer-term investors. Read More.
• Neutral Sentiment: Analyst views remain mixed: several firms trimmed targets while others keep Overweight/Buy ratings, leaving a consensus “Hold” with a substantial spread in price targets — a signal that street conviction is uneven. Read More.
• Neutral Sentiment: Institutional ownership is large and concentrated (big stakes from ICONIQ, a16z, Baillie Gifford, etc.), which can both support the stock in a sell-off and amplify moves when large holders adjust positions. Read More.
• Neutral Sentiment: Commentary notes the stock has softened since the earnings print and asks whether Figma can rebound, highlighting the market’s focus on near-term monetization and margin trends. Read More.
• Negative Sentiment: Google’s launch and upgrade of its Stitch / “vibe design” AI features prompted immediate investor concern that Big Tech can replicate many AI-assisted design workflows, triggering steep intraday selling and a notable share-price drop. Read More.
• Negative Sentiment: Multiple outlets report the same competitive fear: Google’s expanded AI tooling is being framed as a direct challenge to Figma’s core product-led design workflows, increasing the perceived execution risk and pressuring valuation multiples. Read More.
• Negative Sentiment: Insider selling by Figma’s general counsel (recent Form 4 disclosures) adds to the negative optics during the sell-off; while not unusual, such sales can amplify short-term downward pressure on sentiment. Read More.
• Negative Sentiment: Market commentary is increasingly focused on valuation re-assessment — investors are reweighing high growth expectations against ongoing losses and margin pressure, which is consistent with the recent price pullback. Read More.

Analyst Ratings Changes

A number of equities research analysts have issued reports on FIG shares. Royal Bank Of Canada cut their price objective on shares of Figma from $38.00 to $31.00 and set a “sector perform” rating for the company in a report on Thursday, February 19th. Weiss Ratings reissued a “sell (e+)” rating on shares of Figma in a report on Monday, December 29th. Barclays upgraded shares of Figma to a “neutral” rating in a research report on Thursday, January 8th. Piper Sandler reaffirmed an “overweight” rating and set a $35.00 target price on shares of Figma in a research note on Thursday, February 19th. Finally, The Goldman Sachs Group set a $35.00 price target on shares of Figma in a report on Thursday, February 19th. Four analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Figma has a consensus rating of “Hold” and an average target price of $43.25.

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.