Insider Selling: Figma (NYSE:FIG) General Counsel Sells $135,902.00 in Stock

Figma, Inc. (NYSE:FIG) General Counsel Brendan Mulligan sold 5,227 shares of the business’s stock in a transaction that occurred on Thursday, February 19th. The shares were sold at an average price of $26.00, for a total value of $135,902.00. Following the completion of the sale, the general counsel owned 845,262 shares of the company’s stock, valued at approximately $21,976,812. This represents a 0.61% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

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

• 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 shares were 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 shares were 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 stock was sold at an average price of $37.21, for a total value of $252,767.53.
• On Monday, December 15th, Brendan Mulligan sold 4,392 shares of Figma stock. The shares were sold at an average price of $34.65, for a total value of $152,182.80.
• On Wednesday, December 3rd, Brendan Mulligan sold 4,392 shares of Figma stock. The shares were sold at an average price of $36.68, for a total value of $161,098.56.
• On Monday, December 1st, Brendan Mulligan sold 9,343 shares of Figma stock. The stock was sold at an average price of $35.45, for a total value of $331,209.35.

Figma Price Performance

NYSE:FIG opened at $31.36 on Thursday. The firm has a market cap of $13.83 billion and a price-to-earnings ratio of -10.05. The firm’s fifty day moving average price is $30.43 and its 200 day moving average price is $45.29. Figma, Inc. has a 1-year low of $19.85 and a 1-year high of $142.92.

Figma (NYSE:FIG) last released its earnings results on Wednesday, February 18th. The company reported $0.08 EPS for the quarter, topping the consensus estimate of ($0.20) by $0.28. The company had revenue of $303.78 million during the quarter. Figma had a negative net margin of 121.87% and a negative return on equity of 97.03%. The business’s revenue was up 40.1% on a year-over-year basis.

Institutional Trading of Figma

Several institutional investors have recently made changes to their positions in the stock. Gladstone Capital Management LLP grew its holdings in shares of Figma by 2.9% during the 4th quarter. Gladstone Capital Management LLP now owns 17,081 shares of the company’s stock worth $638,000 after purchasing an additional 481 shares during the period. Whittier Trust Co. of Nevada Inc. acquired a new position in Figma during the third quarter valued at approximately $26,000. NewEdge Advisors LLC acquired a new stake in shares of Figma in the third quarter worth $26,000. Wilmington Savings Fund Society FSB purchased a new position in shares of Figma in the 3rd quarter valued at $27,000. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of Figma by 3.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 15,212 shares of the company’s stock valued at $568,000 after acquiring an additional 559 shares in the last quarter.

Analyst Ratings Changes

FIG has been the subject of a number of research reports. The Goldman Sachs Group set a $35.00 price target on shares of Figma in a research report on Thursday, February 19th. Royal Bank Of Canada decreased their target price on Figma from $38.00 to $31.00 and set a “sector perform” rating on the stock in a research report on Thursday, February 19th. Stifel Nicolaus lowered their target price on Figma from $40.00 to $30.00 and set a “hold” rating on the stock in a report on Thursday, February 19th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Figma in a research note on Monday, December 29th. Finally, 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 note on Thursday, November 6th. Four analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $43.25.

Key Headlines Impacting Figma

Here are the key news stories impacting Figma this week:

• Positive Sentiment: Large insider purchases: Director Andrew Phillips Reed disclosed purchases totaling ~1.47M shares (~$36M at reported prices) across Feb. 20–23, a strong signal of insider confidence that likely attracted buyer interest. Read More.
• Positive Sentiment: ARK Invest buying: Cathie Wood’s ARK funds added roughly $11.8M of FIG, boosting momentum from growth-focused institutional demand. Read More.
• Positive Sentiment: Recent quarterly beat: Figma posted an EPS beat and +40% revenue year‑over‑year, reinforcing the growth narrative that supports higher multiple expectations for software names. Read More.
• Neutral Sentiment: AI pricing ambiguity: Coverage of Figma’s new AI pricing highlights a tradeoff — it could lift monetization if adopted, or suppress usage if too restrictive; investors are parsing the details. Read More.
• Neutral Sentiment: Routine insider selling: Small disclosed sales by executives (e.g., General Counsel Brendan Mulligan) appear to be diversification rather than a change in company outlook and are immaterial relative to large director buys. Read More.
• Negative Sentiment: Short interest jump: Short interest rose ~47.5% in February to ~28.6M shares (~6.5% of shares), increasing bearish positioning that can amplify downside on negative news. (Days-to-cover ≈ 1.7.)
• Negative Sentiment: Analyst target cuts & consensus “Hold”: Several firms trimmed price targets and the consensus remains a Hold with mid‑$40s average targets, which may cap near‑term upside for momentum traders. Read More.

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.