Figma (NYSE:FIG) CTO Kris Rasmussen Sells 31,715 Shares of Stock

Figma, Inc. (NYSE:FIG) CTO Kris Rasmussen sold 31,715 shares of the business’s stock in a transaction that occurred on Wednesday, November 12th. The stock was sold at an average price of $45.03, for a total value of $1,428,126.45. Following the sale, the chief technology officer directly owned 11,089,843 shares in the company, valued at approximately $499,375,630.29. The trade was a 0.29% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

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

• On Monday, November 10th, Kris Rasmussen sold 272,789 shares of Figma stock. The shares were 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 stock was sold at an average price of $48.17, for a total value of $3,551,959.46.

Figma Stock Down 7.7%

Shares of Figma stock opened at $40.60 on Friday. The company has a fifty day moving average price of $53.76. Figma, Inc. has a fifty-two week low of $40.02 and a fifty-two week high of $142.92.

Figma (NYSE:FIG) last issued its quarterly earnings results on Wednesday, November 5th. The company reported $0.10 EPS for the quarter, topping the consensus estimate of ($1.56) by $1.66. The business had revenue of $274.17 million during the quarter. During the same quarter in the previous year, the business posted $0.04 EPS. The company’s quarterly revenue was up 38.0% compared to the same quarter last year. Figma has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS.

Analysts Set New Price Targets

Several research firms have issued reports on FIG. Wells Fargo & Company dropped their price target on Figma from $70.00 to $52.00 and set an “equal weight” rating on the stock in a report on Wednesday, November 5th. Morgan Stanley decreased their target price on Figma from $80.00 to $70.00 and set an “equal weight” rating on the stock in a report on Thursday, September 4th. Bank of America reduced their target price on Figma from $85.00 to $69.00 and set a “buy” rating for the company in a report on Thursday, September 4th. JPMorgan Chase & Co. decreased their price target on Figma from $65.00 to $60.00 and set a “neutral” rating for the company in a research report on Thursday, November 6th. Finally, Royal Bank Of Canada cut their price objective on Figma from $75.00 to $65.00 and set a “sector perform” rating on the stock in a report on Thursday, September 4th. Three investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Figma presently has a consensus rating of “Hold” and an average target price of $62.86.

Institutional Investors Weigh In On Figma

A number of hedge funds and other institutional investors have recently made changes to their positions in FIG. Baillie Gifford & Co. bought a new stake in shares of Figma in the 3rd quarter valued at approximately $154,242,000. SurgoCap Partners LP acquired a new stake in Figma in the third quarter valued at approximately $120,210,000. Wellington Management Group LLP bought a new stake in Figma in the third quarter worth approximately $74,503,000. Capital International Investors bought a new stake in Figma in the third quarter worth approximately $61,918,000. Finally, Capital Research Global Investors acquired a new position in shares of Figma during the 3rd quarter worth $41,840,000.

Figma Company Profile

Figma is where teams come together to turn ideas into the world’s best digital products and experiences. Every day, billions of people around the world use apps, websites, and other digital experiences that are made in Figma. They’re looking up directions on Google Maps; requesting rides with Uber; checking in for flights on JetBlue; streaming shows on Netflix; learning languages with Duolingo; asking questions of Claude; connecting on LinkedIn; buying goods on Mercado Libre; or booking stays and experiences with Airbnb.