Shaunt Voskanian Sells 8,629 Shares of Figma (NYSE:FIG) Stock

Figma, Inc. (NYSE:FIG) CRO Shaunt Voskanian sold 8,629 shares of the stock in a transaction that occurred on Monday, July 6th. The stock was sold at an average price of $20.62, for a total transaction of $177,929.98. Following the completion of the sale, the executive owned 1,764,672 shares in the company, valued at $36,387,536.64. This represents a 0.49% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Shaunt Voskanian also recently made the following trade(s):

• On Wednesday, June 3rd, Shaunt Voskanian sold 87,510 shares of Figma stock. The shares were sold at an average price of $23.01, for a total transaction of $2,013,605.10.

Figma Trading Down 2.2%

Shares of Figma stock traded down $0.48 during trading on Wednesday, hitting $21.70. The stock had a trading volume of 30,438,122 shares, compared to its average volume of 17,134,443. The firm has a market cap of $9.67 billion and a price-to-earnings ratio of -6.33. Figma, Inc. has a 12 month low of $16.60 and a 12 month high of $142.92. The business’s 50-day moving average is $20.51 and its 200 day moving average is $24.82.

Figma (NYSE:FIG) last posted its quarterly earnings data on Thursday, May 14th. The company reported $0.10 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.17) by $0.27. Figma had a negative return on equity of 98.51% and a negative net margin of 123.83%.The company had revenue of $333.44 million during the quarter. Figma’s revenue for the quarter was up 46.1% compared to the same quarter last year. As a group, equities analysts expect that Figma, Inc. will post -0.78 EPS for the current year.

Trending Headlines about Figma

Here are the key news stories impacting Figma this week:

• Positive Sentiment: Bank of America reinstated coverage on Figma (FIG) with a Buy rating and a $30 price target, saying AI is more likely to strengthen Figma’s competitive position and open up new revenue opportunities than hurt its business. Benzinga report on Bank of America coverage
• Positive Sentiment: Multiple reports highlighted Figma as a stronger AI investment idea than Adobe, reinforcing investor optimism that the company can benefit from AI rather than be displaced by it. Barron’s article on Figma vs. Adobe
• Positive Sentiment: Figma also acquired the team behind a vibe-coding app, a move that could support product development and broaden its AI-related capabilities. MSN article on acquisition
• Neutral Sentiment: Analysts and market commentary noted that Figma is still trading near a key technical level, with investors weighing the recent rebound against a weaker June and broader risk-off sentiment. Benzinga technical update
• Negative Sentiment: Figma continues to face concern that AI could disrupt parts of its business, which helped drive its decline in June before the recent analyst-driven rebound. Motley Fool article on June decline

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of Figma by 69.3% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 285,055 shares of the company’s stock worth $10,653,000 after acquiring an additional 116,681 shares during the last quarter. Freestone Capital Holdings LLC bought a new position in shares of Figma during the 4th quarter valued at $10,297,000. Baillie Gifford & Co. raised its position in Figma by 93.8% in the 4th quarter. Baillie Gifford & Co. now owns 5,763,613 shares of the company’s stock worth $215,386,000 after purchasing an additional 2,789,986 shares during the period. Sands Capital Management LLC bought a new stake in Figma in the third quarter worth $11,762,000. Finally, Ieq Capital LLC lifted its stake in Figma by 1,670.9% in the fourth quarter. Ieq Capital LLC now owns 973,880 shares of the company’s stock worth $36,394,000 after purchasing an additional 918,886 shares during the last quarter.

Analysts Set New Price Targets

FIG has been the topic of several research analyst reports. JPMorgan Chase & Co. decreased their price objective on shares of Figma from $45.00 to $42.00 and set a “neutral” rating on the stock in a research report on Friday, May 15th. Morgan Stanley cut their price target on shares of Figma from $44.00 to $38.00 and set an “equal weight” rating for the company in a research note on Friday, May 15th. Oppenheimer restated a “market perform” rating on shares of Figma in a research report on Thursday, June 25th. Stifel Nicolaus set a $25.00 price objective on shares of Figma in a report on Friday, May 15th. Finally, Bank of America initiated coverage on shares of Figma in a research report on Tuesday. They issued a “buy” rating and a $30.00 target price for the company. Five equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $32.67.

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.