Figma (NYSE:FIG) Hits New 12-Month Low After Insider Selling

Figma, Inc. (NYSE:FIG)’s share price reached a new 52-week low during trading on Thursday following insider selling activity. The company traded as low as $19.85 and last traded at $22.47, with a volume of 24151286 shares. The stock had previously closed at $21.39.

Specifically, General Counsel Brendan Mulligan sold 7,671 shares of the company’s stock in a transaction on Monday, February 2nd. The shares were sold at an average price of $24.86, for a total value of $190,701.06. Following the completion of the sale, the general counsel owned 855,716 shares in the company, valued at $21,273,099.76. This represents a 0.89% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CRO Shaunt Voskanian sold 3,828 shares of the firm’s stock in a transaction on Monday, February 2nd. The stock was sold at an average price of $24.86, for a total transaction of $95,164.08. Following the transaction, the executive directly owned 1,588,735 shares in the company, valued at $39,495,952.10. The trade was a 0.24% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In other news, CFO Praveer Melwani sold 16,247 shares of the company’s stock in a transaction dated Monday, February 2nd. The shares were sold at an average price of $24.86, for a total value of $403,900.42. Following the completion of the sale, the chief financial officer directly owned 1,550,298 shares of the company’s stock, valued at approximately $38,540,408.28. This represents a 1.04% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Analysts Set New Price Targets

FIG has been the topic of a number of research reports. JPMorgan Chase & Co. lowered their price target on Figma from $65.00 to $60.00 and set a “neutral” rating on the stock in a report on Thursday, November 6th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Figma in a research report on Monday, December 29th. Piper Sandler lowered their target price on Figma from $70.00 to $35.00 and set an “overweight” rating on the stock in a research note on Monday. Royal Bank Of Canada cut their price target on Figma from $65.00 to $38.00 and set a “sector perform” rating for the company in a research note on Monday, January 5th. Finally, Barclays raised Figma to a “neutral” rating in a report on Thursday, January 8th. Four investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Figma presently has an average rating of “Hold” and an average target price of $47.75.

Figma News Roundup

Here are the key news stories impacting Figma this week:

• Positive Sentiment: Retail dip-buying is creating short-term demand as some individual investors view Figma’s sell-off as a buying opportunity, which can provide temporary support. MSN story
• Positive Sentiment: Macro commentary from industry leaders (Nvidia’s CEO saying AI will augment rather than replace software) is a tailwind for SaaS platforms like Figma and supports the argument that platform vendors can capture AI value. Fool article
• Positive Sentiment: Fundamentals: Figma previously reported revenue growth and an EPS beat in its last quarter (revenue up ~38%), which remains a positive underpinning if growth execution continues. MarketBeat earnings summary
• Neutral Sentiment: Product strategy: Figma is embedding AI (project “Weave”) into the product — a potential long-term differentiator, but investors are waiting for measurable adoption and financial impact before repricing. Yahoo Finance
• Neutral Sentiment: Analyst repositioning and mixed coverage: Several firms have trimmed targets or adjusted coverage, which raises short-term volatility but doesn’t reflect unanimous sell-side consensus. Watch for further revisions. UK Finance/Yahoo
• Negative Sentiment: Clustered insider selling: Multiple senior executives (CFO, CTO, GC, CRO, CAO) disclosed sales on Feb. 2, including large blocks from the CTO and CFO — markets often read clustered executive sales as a near‑term negative for confidence. InsiderTrades alert
• Negative Sentiment: Valuation pressure and competitive AI headwinds: Target cuts and commentary about Alphabet/Google’s AI push have increased sector-wide valuation stress for design/productivity tools, weighing on FIG’s multiple. 247WallStreet

Figma Price Performance

The firm’s 50 day moving average is $34.04. The firm has a market cap of $9.22 billion and a PE ratio of -8.27.

Figma (NYSE:FIG) last released its quarterly earnings data on Wednesday, November 5th. The company reported $0.10 earnings per share (EPS) for the quarter, topping the consensus estimate of ($1.56) by $1.66. The firm had revenue of $274.17 million during the quarter. Figma had a negative return on equity of 84.34% and a negative net margin of 99.32%.The company’s revenue was up 38.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.04 EPS.

Hedge Funds Weigh In On Figma

A number of large investors have recently made changes to their positions in the stock. Whittier Trust Co. of Nevada Inc. purchased a new stake in Figma during the third quarter worth about $26,000. NewEdge Advisors LLC purchased a new position in Figma in the third quarter valued at about $26,000. Concord Wealth Partners lifted its position in shares of Figma by 1,446.8% during the 4th quarter. Concord Wealth Partners now owns 727 shares of the company’s stock valued at $27,000 after acquiring an additional 680 shares during the period. Wilmington Savings Fund Society FSB purchased a new stake in shares of Figma during the 3rd quarter worth approximately $27,000. Finally, Sunbelt Securities Inc. acquired a new stake in shares of Figma in the 3rd quarter worth approximately $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.