Key Points
- Figma General Counsel Brendan Mulligan sold 10,000 shares on Nov. 12 at an average price of $45 for $450,000, leaving him with 903,181 shares (a 1.10% reduction in his stake).
- Mulligan also executed larger sales earlier in November — 80,934 shares on Nov. 10 at $43.47 (~$3.52M) and 9,526 shares on Nov. 3 at $48.17 (~$459k) — indicating notable insider selling activity.
- Figma beat Q3 expectations with $0.10 EPS (vs. -$1.56 consensus) and $274.17M revenue (+38% YoY), but the stock trades near $40.08 close to its 52‑week low ($39.14) and carries a consensus "Hold" rating with an average price target of $62.86.
Figma, Inc. (NYSE:FIG - Get Free Report) General Counsel Brendan Mulligan sold 10,000 shares of the business's stock in a transaction that occurred on Wednesday, November 12th. The shares were sold at an average price of $45.00, for a total transaction of $450,000.00. Following the transaction, the general counsel owned 903,181 shares of the company's stock, valued at approximately $40,643,145. This represents a 1.10% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
Brendan Mulligan also recently made the following trade(s):
- On Monday, November 10th, Brendan Mulligan sold 80,934 shares of Figma stock. The stock was sold at an average price of $43.47, for a total value of $3,518,200.98.
- On Monday, November 3rd, Brendan Mulligan sold 9,526 shares of Figma stock. The stock was sold at an average price of $48.17, for a total value of $458,867.42.
Figma Price Performance
NYSE:FIG traded down $0.48 on Friday, hitting $40.08. The company had a trading volume of 2,072,317 shares, compared to its average volume of 11,407,026. Figma, Inc. has a 52 week low of $39.14 and a 52 week high of $142.92. The company's 50 day moving average price is $53.76.
Figma (NYSE:FIG - Get Free Report) last issued its quarterly earnings data on Wednesday, November 5th. The company reported $0.10 earnings per share for the quarter, topping analysts' consensus estimates of ($1.56) by $1.66. The firm had revenue of $274.17 million for the quarter. During the same quarter in the prior year, the company earned $0.04 EPS. The firm's revenue was up 38.0% compared to the same quarter last year. Figma has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS.
Institutional Investors Weigh In On Figma
A number of large investors have recently modified their holdings of the business. Whittier Trust Co. of Nevada Inc. acquired a new position in shares of Figma in the 3rd quarter valued at $26,000. US Bancorp DE acquired a new stake in shares of Figma during the third quarter worth about $31,000. Montag A & Associates Inc. acquired a new position in Figma in the 3rd quarter worth approximately $33,000. SOA Wealth Advisors LLC. acquired a new stake in Figma during the 3rd quarter valued at approximately $39,000. Finally, Tripletail Wealth Management LLC acquired a new position in Figma during the third quarter valued at $53,000.
Wall Street Analyst Weigh In
A number of equities research analysts have commented on FIG shares. Zacks Research raised Figma to a "hold" rating in a research note on Thursday, August 21st. Piper Sandler cut their price objective on Figma from $85.00 to $70.00 and set an "overweight" rating on the stock in a research report on Thursday, November 6th. William Blair restated an "outperform" rating on shares of Figma in a report on Thursday, September 4th. Wolfe Research started coverage on Figma in a research note on Monday, August 25th. They issued a "peer perform" rating on the stock. Finally, Weiss Ratings initiated coverage on Figma in a research note on Friday, October 24th. They set a "sell (d)" rating for the company. Three equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $62.86.
Read Our Latest Research Report on FIG
About Figma
(
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Figma is where teams come together to turn ideas into the world's best digital products and experiences. Every day, billions of people around the world use apps, websites, and other digital experiences that are made in Figma. They're looking up directions on Google Maps; requesting rides with Uber; checking in for flights on JetBlue; streaming shows on Netflix; learning languages with Duolingo; asking questions of Claude; connecting on LinkedIn; buying goods on Mercado Libre; or booking stays and experiences with Airbnb.
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