Figma (NYSE:FIG) Shares Gap Down Following Insider Selling

Shares of Figma, Inc. (NYSE:FIG) gapped down prior to trading on Thursday after an insider sold shares in the company. The stock had previously closed at $28.15, but opened at $23.23. Figma shares last traded at $23.1730, with a volume of 16,029,670 shares changing hands.

Specifically, CFO Praveer Melwani sold 40,000 shares of the business’s stock in a transaction dated Tuesday, August 4th. The stock was sold at an average price of $26.63, for a total value of $1,065,200.00. Following the completion of the sale, the chief financial officer owned 1,674,544 shares of the company’s stock, valued at approximately $44,593,106.72. The trade was a 2.33% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CTO Kris Rasmussen sold 196,397 shares of Figma stock in a transaction that occurred on Tuesday, August 4th. The stock was sold at an average price of $25.53, for a total value of $5,014,015.41. Following the completion of the transaction, the chief technology officer directly owned 9,234,587 shares in the company, valued at $235,759,006.11. This trade represents a 2.08% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In other Figma news, CRO Shaunt Voskanian sold 30,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 5th. The stock was sold at an average price of $27.91, for a total value of $837,300.00. Following the completion of the sale, the executive owned 1,698,620 shares in the company, valued at approximately $47,408,484.20. The trade was a 1.74% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on FIG. Stifel Nicolaus set a $25.00 target price on shares of Figma in a report on Friday, May 15th. Wells Fargo & Company lowered their price objective on shares of Figma from $42.00 to $36.00 and set an “overweight” rating for the company in a research note on Friday, June 26th. Citigroup upped their price target on Figma from $35.00 to $37.00 and gave the company a “buy” rating in a research report on Friday. BTIG Research started coverage on Figma in a research report on Monday, April 13th. They issued a “neutral” rating on the stock. Finally, Piper Sandler reissued an “overweight” rating and set a $30.00 target price on shares of Figma in a research note on Thursday, June 25th. Five equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $32.22.

Trending Headlines about Figma

Here are the key news stories impacting Figma this week:

• Positive Sentiment: Figma reported second-quarter revenue of $370.1 million, up 48.2% year over year, and adjusted earnings of $0.08 per share, exceeding expectations. Net dollar retention reached 136%, indicating strong customer expansion and platform engagement. Figma second-quarter earnings
• Positive Sentiment: Management raised its fiscal 2026 revenue outlook to approximately $1.463 billion-$1.467 billion and expects third-quarter revenue of $373 million-$375 million. AI-powered features and credit monetization are viewed by bullish analysts as potential drivers of additional growth and customer usage. Figma fiscal 2026 outlook
• Neutral Sentiment: Several executives, including the CFO, CTO, CRO and CAO, sold shares under pre-arranged Rule 10b5-1 trading plans. Because the sales represented relatively small portions of their remaining holdings and were scheduled transactions, they provide limited insight into management’s current outlook. Figma insider transactions
• Negative Sentiment: The primary pressure on the stock is Figma’s aggressive AI investment. Higher AI-related costs and gross margin of about 85%, down from the prior year, are raising concerns about near-term profitability and operating leverage. Investors are also wary of decelerating revenue growth, possible AI disruption to Figma’s core design market and executive departures. These concerns led some analysts to downgrade the shares despite the earnings beat. Figma AI costs and margins

Figma Stock Down 2.8%

The business has a fifty day simple moving average of $21.70 and a 200-day simple moving average of $22.77. The firm has a market cap of $10.60 billion and a P/E ratio of -6.40.

Figma (NYSE:FIG) last announced its earnings results on Wednesday, August 5th. The company reported $0.08 EPS for the quarter, beating analysts’ consensus estimates of ($0.22) by $0.30. The firm had revenue of $370.08 million for the quarter. Figma had a negative net margin of 123.15% and a negative return on equity of 100.47%. The business’s quarterly revenue was up 48.2% on a year-over-year basis. During the same quarter last year, the firm posted $0.09 EPS. On average, sell-side analysts anticipate that Figma, Inc. will post -0.79 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of FIG. Gladstone Capital Management LLP grew its stake in shares of Figma by 2.9% in the 4th quarter. Gladstone Capital Management LLP now owns 17,081 shares of the company’s stock worth $638,000 after buying an additional 481 shares during the last quarter. NewEdge Advisors LLC purchased a new position in Figma during the third quarter valued at $26,000. Wilmington Savings Fund Society FSB bought a new stake in Figma in the third quarter worth $27,000. Charles Schwab Investment Management Inc. grew its stake in shares of Figma by 3.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 15,212 shares of the company’s stock worth $568,000 after acquiring an additional 559 shares during the last quarter. Finally, Sunbelt Securities Inc. purchased a new stake in shares of Figma in the third quarter worth $30,000.

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.