Insider Selling: Figma (NYSE:FIG) General Counsel Sells $247,058.70 in Stock

Figma, Inc. (NYSE:FIG) General Counsel Brendan Mulligan sold 11,599 shares of the stock in a transaction dated Tuesday, November 3rd. The shares were sold at an average price of $21.30, for a total transaction of $247,058.70. Following the transaction, the general counsel owned 555,656 shares of the company’s stock, valued at approximately $11,835,472.80. The trade was a 2.04% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Monday, October 5th, Brendan Mulligan sold 20,701 shares of Figma stock. The stock was sold at an average price of $21.74, for a total transaction of $450,039.74.
• On Thursday, September 3rd, Brendan Mulligan sold 109,106 shares of Figma stock. The stock was sold at an average price of $25.98, for a total transaction of $2,834,573.88.
• On Friday, August 28th, Brendan Mulligan sold 211,599 shares of Figma stock. The stock was sold at an average price of $29.79, for a total transaction of $6,303,534.21.

Figma Stock Up 1.9%

FIG opened at $18.79 on Friday. The stock has a market cap of $8.60 billion, a price-to-earnings ratio of -17.56 and a beta of 1.17. Figma, Inc. has a twelve month low of $16.60 and a twelve month high of $45.42. The company’s 50-day moving average price is $22.62 and its two-hundred day moving average price is $22.96.

Figma (NYSE:FIG) last issued its quarterly earnings results on Wednesday, November 4th. The company reported $0.10 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.22) by $0.32. Figma had a negative net margin of 40.21% and a negative return on equity of 33.14%. The company had revenue of $391.42 million during the quarter. During the same quarter in the previous year, the business earned $0.10 EPS. The company’s revenue for the quarter was up 42.8% on a year-over-year basis. As a group, sell-side analysts anticipate that Figma, Inc. will post -0.75 earnings per share for the current year.

Key Headlines Impacting Figma

Here are the key news stories impacting Figma this week:

• Positive Sentiment: Q3 revenue rose 42.8% year over year to $391.4 million, while adjusted earnings of $0.10 per share beat estimates. Figma also raised its 2026 revenue outlook to $1.497 billion–$1.499 billion and forecast Q4 revenue of $402 million–$404 million. Figma Q3 earnings report
• Positive Sentiment: Figma said repricing AI credits increased user utilization by 40%. Its plans to monetize AI features and develop an in-house design model could create additional growth opportunities. Figma earnings takeaways
• Neutral Sentiment: Figma’s CAO and general counsel reported share sales under pre-arranged Rule 10b5-1 plans. Both retained substantial holdings, limiting the significance of the sales as a standalone signal. Figma insider transactions
• Negative Sentiment: Despite the earnings beat and improved guidance, investors are concerned that building and delivering AI features could be costly and pressure margins as Figma invests for long-term growth. Investor concerns about AI costs
• Negative Sentiment: JPMorgan and RBC lowered their price targets to $24 and maintained neutral or sector-perform ratings, reinforcing a cautious view after the results. JPMorgan analyst update

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Parallel Advisors LLC lifted its position in shares of Figma by 3,890.0% during the first quarter. Parallel Advisors LLC now owns 1,197 shares of the company’s stock worth $25,000 after acquiring an additional 1,167 shares in the last quarter. Three Bridge Wealth Advisors LLC bought a new position in shares of Figma in the third quarter worth $42,000. Sunbelt Securities Inc. boosted its holdings in shares of Figma by 287.0% in the first quarter. Sunbelt Securities Inc. now owns 2,225 shares of the company’s stock worth $47,000 after acquiring an additional 1,650 shares during the period. Atlantic Private Wealth LLC purchased a new position in shares of Figma in the first quarter valued at $74,000. Finally, IFP Advisors Inc grew its position in shares of Figma by 176.1% in the second quarter. IFP Advisors Inc now owns 4,327 shares of the company’s stock valued at $78,000 after purchasing an additional 2,760 shares in the last quarter.

Wall Street Analysts Forecast Growth

FIG has been the subject of a number of recent research reports. JPMorgan Chase & Co. decreased their target price on Figma from $28.00 to $24.00 and set a “neutral” rating for the company in a research report on Thursday. Morgan Stanley set a $33.00 price target on Figma in a research report on Thursday, August 6th. Oppenheimer reiterated a “market perform” rating on shares of Figma in a research note on Thursday. Bank of America increased their price target on Figma from $30.00 to $33.00 and gave the stock a “buy” rating in a research note on Wednesday, August 19th. Finally, Weiss Ratings raised Figma from a “sell (e+)” rating to a “sell (d-)” rating in a report on Tuesday, October 6th. Four equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Figma currently has a consensus rating of “Hold” and an average target price of $28.80.

Figma Company Profile

Figma, Inc develops browser-based software for designing and building digital products. Its platform supports collaborative interface design, interactive prototyping and workflows that help teams plan, create and refine websites, apps and other digital experiences.

Figma’s products include Figma Design for interface design and prototyping, FigJam for online whiteboarding and brainstorming, and Dev Mode, which helps developers inspect designs and access implementation details. Figma Slides provides tools for creating and presenting slide decks.

Founded in 2012 by Dylan Field and Evan Wallace, the company serves organizations and individuals around the world through its collaborative software platform.