Figma, Inc. (NYSE:FIG) Short Interest Update

Figma, Inc. (NYSE:FIG) saw a significant growth in short interest in the month of February. As of February 13th, there was short interest totaling 28,584,415 shares, a growth of 47.5% from the January 29th total of 19,384,096 shares. Based on an average daily volume of 16,884,043 shares, the days-to-cover ratio is currently 1.7 days. Approximately 6.5% of the shares of the company are sold short. Approximately 6.5% of the shares of the company are sold short. Based on an average daily volume of 16,884,043 shares, the days-to-cover ratio is currently 1.7 days.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on FIG. Wall Street Zen upgraded shares of Figma from a “sell” rating to a “hold” rating in a research report on Sunday, February 8th. Morgan Stanley set a $44.00 target price on Figma in a report on Thursday, February 19th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Figma in a research note on Monday, December 29th. The Goldman Sachs Group set a $35.00 price target on Figma in a report on Thursday, February 19th. Finally, Barclays raised Figma to a “neutral” rating in a research note on Thursday, January 8th. Four investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $43.25.

Figma News Roundup

Here are the key news stories impacting Figma this week:

• Positive Sentiment: Large insider buying by a director signals confidence — two separate director purchases announced totaling roughly $36.5M in stock, which can support sentiment about insider conviction. Figma (NYSE:FIG) Director Acquires $14,351,267.70 in Stock
• Positive Sentiment: Another large director buy reported (about $22.18M), further offsetting concerns from insider sales and suggesting long-term insider confidence. Insider Buying: Figma (NYSE:FIG) Director Buys $22,179,800.70 in Stock
• Positive Sentiment: Product/AI partnership: Figma is integrating OpenAI Codex support, which could strengthen its AI-enabled workflow and competitive positioning. Figma partners with OpenAI to bake in support for Codex
• Positive Sentiment: Strategic analysis highlights Figma’s orchestration/MCP network effects as a potential long-term defensibility factor — bullish for durable competitive moat if execution continues. Figma’s orchestration bet: Why MCP network effects redefine software defensibility
• Neutral Sentiment: Market take on incumbents: coverage suggests Figma’s AI credits are pressuring Creative Cloud valuation — could be positive for Figma competitive stance but uncertain in near term. Adobe Valuation Questioned As Figma AI Credits Challenge Creative Cloud
• Negative Sentiment: Executive selling: CTO Kris Rasmussen sold 51,359 shares (~$1.54M) — routine diversification but often viewed negatively by investors when clustered with other selling. SEC Form 4 – Kris Rasmussen
• Negative Sentiment: CRO Shaunt Voskanian also sold 8,554 shares (~$256.6k), adding to the appearance of insider selling pressure. SEC Form 4 – Shaunt Voskanian
• Negative Sentiment: Market action: Benzinga reports FIG slid amid a Friday market rout and rotation out of richly valued tech names — broad macro-driven selling pressure. Figma Stock Slides On AI Competition Amid Friday Market Rout
• Negative Sentiment: Notable criticism: Jim Cramer questioned Figma’s moat, which can weigh on sentiment among retail and momentum investors. Figma (FIG) Doesn’t Have The Moat That It Thinks, Says Jim Cramer

Insider Buying and Selling

In related news, General Counsel Brendan Mulligan sold 5,227 shares of the business’s stock in a transaction that occurred on Thursday, February 19th. The stock was sold at an average price of $26.00, for a total value of $135,902.00. Following the completion of the sale, the general counsel directly owned 845,262 shares in the company, valued at approximately $21,976,812. The trade was a 0.61% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CTO Kris Rasmussen sold 51,359 shares of the firm’s stock in a transaction on Wednesday, February 25th. The stock was sold at an average price of $30.00, for a total value of $1,540,770.00. Following the transaction, the chief technology officer owned 10,367,546 shares in the company, valued at approximately $311,026,380. This trade represents a 0.49% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 1,536,057 shares of company stock valued at $50,369,887 in the last quarter. Corporate insiders own 45.20% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. SC US Ttgp LTD. bought a new position in shares of Figma during the third quarter worth about $1,310,305,000. ICONIQ Capital LLC bought a new position in Figma during the 3rd quarter worth approximately $1,108,879,000. a16z Capital Management L.L.C. acquired a new position in shares of Figma in the 3rd quarter worth approximately $842,687,000. Viking Global Investors LP bought a new stake in shares of Figma in the 4th quarter valued at $214,967,000. Finally, Durable Capital Partners LP acquired a new stake in shares of Figma during the third quarter worth $278,510,000.

Figma Stock Performance

Shares of Figma stock traded down $0.83 on Friday, hitting $29.39. The stock had a trading volume of 13,048,663 shares, compared to its average volume of 21,436,576. The stock has a 50 day moving average of $30.10 and a 200 day moving average of $44.52. The firm has a market capitalization of $12.96 billion and a P/E ratio of -9.42. Figma has a twelve month low of $19.85 and a twelve month high of $142.92.

Figma (NYSE:FIG) last posted its earnings results on Wednesday, February 18th. The company reported $0.08 EPS for the quarter, topping the consensus estimate of ($0.20) by $0.28. Figma had a negative net margin of 121.87% and a negative return on equity of 97.03%. The business had revenue of $303.78 million for the quarter. The company’s revenue was up 40.1% on a year-over-year basis.

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.