Brendan Mulligan Sells 4,817 Shares of Figma (NYSE:FIG) Stock

Figma, Inc. (NYSE:FIG) General Counsel Brendan Mulligan sold 4,817 shares of Figma stock in a transaction on Tuesday, March 3rd. The shares were sold at an average price of $28.30, for a total transaction of $136,321.10. Following the completion of the sale, the general counsel directly owned 830,461 shares of the company’s stock, valued at approximately $23,502,046.30. The trade was a 0.58% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

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

• On Thursday, February 19th, Brendan Mulligan sold 5,227 shares of Figma stock. The stock was sold at an average price of $26.00, for a total transaction of $135,902.00.
• On Tuesday, February 10th, Brendan Mulligan sold 5,227 shares of Figma stock. The shares were sold at an average price of $25.00, for a total value of $130,675.00.
• On Monday, February 2nd, Brendan Mulligan sold 7,671 shares of Figma stock. The stock was sold at an average price of $24.86, for a total value of $190,701.06.
• On Thursday, January 15th, Brendan Mulligan sold 5,666 shares of Figma stock. The stock was sold at an average price of $32.02, for a total value of $181,425.32.
• On Monday, January 5th, Brendan Mulligan sold 5,666 shares of Figma stock. The shares were sold at an average price of $37.25, for a total value of $211,058.50.
• On Friday, January 2nd, Brendan Mulligan sold 6,793 shares of Figma stock. The shares were sold at an average price of $37.21, for a total value of $252,767.53.
• On Monday, December 15th, Brendan Mulligan sold 4,392 shares of Figma stock. The shares were sold at an average price of $34.65, for a total value of $152,182.80.

Figma Stock Performance

FIG opened at $29.09 on Friday. The firm has a market cap of $12.83 billion and a P/E ratio of -9.32. The business has a 50 day moving average price of $29.20 and a 200 day moving average price of $43.07. Figma, Inc. has a twelve month low of $19.85 and a twelve month high of $142.92.

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

Hedge Funds Weigh In On Figma

A number of hedge funds have recently made changes to their positions in the business. Gladstone Capital Management LLP boosted its position in shares of Figma by 2.9% during the 4th quarter. Gladstone Capital Management LLP now owns 17,081 shares of the company’s stock valued at $638,000 after acquiring an additional 481 shares in the last quarter. Whittier Trust Co. of Nevada Inc. bought a new position in Figma during the third quarter worth about $26,000. NewEdge Advisors LLC bought a new position in Figma during the third quarter worth about $26,000. Wilmington Savings Fund Society FSB acquired a new stake in Figma during the third quarter valued at approximately $27,000. Finally, Charles Schwab Investment Management Inc. boosted its holdings in Figma by 3.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 15,212 shares of the company’s stock valued at $568,000 after purchasing an additional 559 shares in the last quarter.

Analyst Ratings Changes

Several brokerages recently commented on FIG. Wall Street Zen upgraded shares of Figma from a “sell” rating to a “hold” rating in a report on Sunday, February 8th. Wells Fargo & Company decreased their price target on shares of Figma from $52.00 to $42.00 and set an “overweight” rating for the company 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. Royal Bank Of Canada cut their price objective on Figma from $38.00 to $31.00 and set a “sector perform” rating for the company in a research report on Thursday, February 19th. Finally, Piper Sandler restated an “overweight” rating and set a $35.00 target price on shares of Figma in a research note on Thursday, February 19th. Four investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Figma currently has an average rating of “Hold” and an average price target of $43.25.

Key Headlines Impacting Figma

Here are the key news stories impacting Figma this week:

• Positive Sentiment: Figma is accelerating its AI push (Figma Make, ChatGPT/Anthropic integrations) and positioning the platform as an enterprise product‑development hub — a structural growth thesis that could raise ARPU and strengthen retention if adoption continues. Figma Leans On AI To Evolve Into Enterprise Product Development Hub
• Positive Sentiment: Recent fundamentals back growth: Q4 beat on EPS and ~40% YoY revenue growth; analysts and bulls highlight improving user metrics (strong net retention, rising high‑ARR customers) tied to AI features. These results support a longer‑term growth story despite negative margins today. Quarterly results and revenue growth
• Neutral Sentiment: Valuation and momentum are under scrutiny after a ~41.7% monthly rally — some investors are reassessing gains versus narrative fair value, which increases near‑term volatility even as product progress continues. Is It Time To Reassess Figma (FIG) After Its Recent 41.7% Monthly Rally?
• Neutral Sentiment: Analyst coverage is mixed: price targets and ratings vary (consensus around “Hold” with mid‑$40s target), and institutional investors hold sizable stakes — this creates divergent near‑term views that can amplify moves both ways. Zacks: Figma’s AI Strategy
• Negative Sentiment: Significant insider selling is the clearest near‑term negative: CTO Kris Rasmussen sold ~179,331 shares (~$5.3M) and other senior officers (CAO Tyler Herb, general counsel) sold smaller stakes in early March. Large, repeated insider disposals are pressuring sentiment and likely the main driver of today’s downward move. Insider selling details

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.