Insider Selling: Figma (NYSE:FIG) CTO Sells $8,199,043.22 in Stock

Figma, Inc. (NYSE:FIG) CTO Kris Rasmussen sold 327,046 shares of Figma stock in a transaction dated Tuesday, May 19th. The shares were sold at an average price of $25.07, for a total value of $8,199,043.22. Following the sale, the chief technology officer owned 9,771,529 shares of the company’s stock, valued at approximately $244,972,232.03. This represents a 3.24% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Tuesday, March 3rd, Kris Rasmussen sold 179,331 shares of Figma stock. The shares were sold at an average price of $29.80, for a total value of $5,344,063.80.
• On Wednesday, February 25th, Kris Rasmussen sold 51,359 shares of Figma stock. The shares were sold at an average price of $30.00, for a total value of $1,540,770.00.

Figma Price Performance

Shares of Figma stock opened at $22.84 on Friday. The firm has a market cap of $10.18 billion and a price-to-earnings ratio of -6.66. Figma, Inc. has a 52-week low of $16.60 and a 52-week high of $142.92. The stock has a 50-day simple moving average of $20.94 and a 200-day simple moving average of $29.00.

Figma (NYSE:FIG) last posted its earnings results on Thursday, May 14th. The company reported $0.10 earnings per share for the quarter, topping 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 firm had revenue of $333.44 million during the quarter. The business’s quarterly revenue was up 46.1% on a year-over-year basis. As a group, equities research analysts predict that Figma, Inc. will post -0.69 earnings per share for the current year.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Whittier Trust Co. of Nevada Inc. acquired a new position in shares of Figma during the third quarter worth approximately $26,000. NewEdge Advisors LLC acquired a new position in shares of Figma during the third quarter worth approximately $26,000. Wilmington Savings Fund Society FSB acquired a new position in shares of Figma during the third quarter worth approximately $27,000. Sunbelt Securities Inc. acquired a new position in shares of Figma during the third quarter worth approximately $30,000. Finally, US Bancorp DE acquired a new position in shares of Figma during the third quarter worth approximately $31,000.

Analyst Ratings Changes

Several equities research analysts recently weighed in on FIG shares. Royal Bank Of Canada reduced their target price on Figma from $31.00 to $28.00 and set a “sector perform” rating for the company in a report on Friday, May 15th. Morgan Stanley reduced their target price on Figma from $44.00 to $38.00 and set an “equal weight” rating for the company in a report on Friday, May 15th. Wall Street Zen upgraded Figma from a “sell” rating to a “hold” rating in a report on Sunday, February 8th. BTIG Research started coverage on Figma in a report on Monday, April 13th. They issued a “neutral” rating for the company. Finally, JPMorgan Chase & Co. reduced their target price on Figma from $45.00 to $42.00 and set a “neutral” rating for the company in a report on Friday, May 15th. Four analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Figma presently has a consensus rating of “Hold” and a consensus target price of $38.63.

Key Stories Impacting Figma

Here are the key news stories impacting Figma this week:

• Positive Sentiment: Figma is drawing attention for launching a new agentic design tool and expanding its screen design app with an AI agent, reinforcing the company’s AI strategy and potentially supporting future product adoption. Article Title
• Positive Sentiment: Investor sentiment may also be helped by a contrarian note arguing that Figma is an overlooked AI growth stock, which could keep interest high in the name if software sentiment improves. Article Title
• Neutral Sentiment: One article argues that Figma is still needed for a key design workflow even after competing AI tools are used for iteration, suggesting the platform remains relevant but not necessarily triggering a major near-term catalyst. Article Title
• Negative Sentiment: Recent insider selling from the general counsel, CTO, and CAO may weigh on sentiment, even though the trades were made under pre-arranged 10b5-1 plans and do not necessarily signal a change in business fundamentals. Article Title

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.