Figma (NYSE:FIG) CTO Sells $6,755,101.25 in Stock

Figma, Inc. (NYSE:FIG) CTO Kris Rasmussen sold 181,345 shares of the company’s stock in a transaction on Monday, January 5th. The shares were sold at an average price of $37.25, for a total value of $6,755,101.25. Following the completion of the sale, the chief technology officer directly owned 10,698,648 shares in the company, valued at $398,524,638. This trade represents a 1.67% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

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

• On Friday, January 2nd, Kris Rasmussen sold 14,252 shares of Figma stock. The stock was sold at an average price of $37.21, for a total transaction of $530,316.92.
• On Wednesday, December 3rd, Kris Rasmussen sold 177,387 shares of Figma stock. The shares were sold at an average price of $36.71, for a total transaction of $6,511,876.77.
• On Monday, December 1st, Kris Rasmussen sold 18,211 shares of Figma stock. The shares were sold at an average price of $35.45, for a total value of $645,579.95.
• On Wednesday, November 12th, Kris Rasmussen sold 31,715 shares of Figma stock. The shares were sold at an average price of $45.03, for a total value of $1,428,126.45.
• On Monday, November 10th, Kris Rasmussen sold 272,789 shares of Figma stock. The stock was sold at an average price of $43.47, for a total transaction 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 transaction of $3,551,959.46.

Figma Stock Performance

Shares of NYSE:FIG traded up $0.31 during midday trading on Tuesday, reaching $37.38. The company’s stock had a trading volume of 4,971,489 shares, compared to its average volume of 5,852,425. The firm has a market cap of $15.55 billion and a price-to-earnings ratio of -13.95. The company’s 50 day moving average is $39.61. Figma, Inc. has a 1 year low of $32.83 and a 1 year 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 firm had revenue of $274.17 million during the quarter. Figma had a negative net margin of 99.32% and a negative return on equity of 84.34%. The business’s revenue for the quarter was up 38.0% on a year-over-year basis. During the same period last year, the company posted $0.04 EPS.

Figma News Roundup

Here are the key news stories impacting Figma this week:

• Neutral Sentiment: Analysis piece flags valuation and user-narrative divergence as shares have retreated; useful for investors assessing whether current price reflects medium-term growth assumptions. Assessing Figma (FIG) Valuation As Shares Retreat And User Narratives Diverge
• Neutral Sentiment: General-interest tutorial coverage (not material to fundamentals) — minimal direct impact on stock price but indicates ongoing user engagement in the design community. Figma tutorial: Easy scrollbar animation step by step
• Negative Sentiment: RBC Capital sharply cut its price target from $65 to $38, signaling reduced analyst conviction and likely pressuring sentiment among growth-focused investors. Figma price target lowered to $38 from $65 at RBC Capital
• Negative Sentiment: Multiple senior executives disclosed stock sales (CTO Kris Rasmussen sold ~181,345 shares for ~$6.76M; CFO Praveer Melwani, GC Brendan Mulligan, CRO Shaunt Voskanian, and CAO Tyler Herb also reported smaller sales). Large insider selling can be read as a liquidity/diversification move but often raises near‑term concern among investors about insider conviction. SEC filings available for review. CTO Form 4 (SEC)

Institutional Investors Weigh In On Figma

Several institutional investors and hedge funds have recently bought and sold shares of FIG. Whittier Trust Co. of Nevada Inc. acquired a new stake in shares of Figma during the third quarter worth $26,000. NewEdge Advisors LLC acquired a new position in shares of Figma in the 3rd quarter valued at $26,000. Wilmington Savings Fund Society FSB purchased a new position in Figma in the 3rd quarter worth about $27,000. Sunbelt Securities Inc. acquired a new stake in Figma during the 3rd quarter worth about $30,000. Finally, US Bancorp DE acquired a new stake in Figma during the 3rd quarter worth about $31,000.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on FIG. Royal Bank Of Canada decreased their target price on shares of Figma from $65.00 to $38.00 and set a “sector perform” rating for the company in a research note on Monday. The Goldman Sachs Group boosted their price objective on shares of Figma from $49.00 to $54.00 and gave the stock a “neutral” rating in a report on Friday, November 7th. Piper Sandler lowered their target price on Figma from $85.00 to $70.00 and set an “overweight” rating for the company in a research note on Thursday, November 6th. JPMorgan Chase & Co. dropped their target price on Figma from $65.00 to $60.00 and set a “neutral” rating on the stock in a research report on Thursday, November 6th. Finally, Weiss Ratings reiterated a “sell (e+)” rating on shares of Figma in a research note on Monday, December 29th. Three analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $59.00.

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.