Key Points
- CTO Kris Rasmussen sold 181,345 shares on Jan. 5 at an average price of $37.25 for a total of $6,755,101.25, leaving him with 10,698,648 shares (a 1.67% decrease) valued at roughly $398.5 million.
- Several other senior executives disclosed open‑market sales in early January (CFO, CRO, GC, CAO), and Rasmussen completed multiple large sales in Nov–Dec, a pattern of insider selling that can weigh on short‑term investor sentiment.
- Figma shares trade around $37.38 with a 12‑month range of $32.83–$142.92, a market cap of ~$15.6 billion and a negative P/E; analysts have a consensus rating of Hold (consensus target $59) amid recent price‑target cuts such as RBC’s drop to $38.
Figma, Inc. (NYSE:FIG - Get Free Report) CAO Tyler Herb sold 2,408 shares of Figma stock in a transaction on Friday, January 2nd. The shares were sold at an average price of $37.21, for a total value of $89,601.68. Following the completion of the transaction, the chief accounting officer owned 200,998 shares of the company's stock, valued at approximately $7,479,135.58. This trade represents a 1.18% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
Tyler Herb also recently made the following trade(s):
- On Monday, January 5th, Tyler Herb sold 2,840 shares of Figma stock. The stock was sold at an average price of $37.15, for a total value of $105,506.00.
- On Wednesday, December 3rd, Tyler Herb sold 2,310 shares of Figma stock. The stock was sold at an average price of $36.60, for a total value of $84,546.00.
- On Monday, December 1st, Tyler Herb sold 3,073 shares of Figma stock. The shares were sold at an average price of $35.45, for a total value of $108,937.85.
- On Monday, November 17th, Tyler Herb sold 757 shares of Figma stock. The shares were sold at an average price of $38.21, for a total value of $28,924.97.
- On Monday, November 10th, Tyler Herb sold 43,357 shares of Figma stock. The stock was sold at an average price of $43.93, for a total transaction of $1,904,673.01.
- On Monday, November 3rd, Tyler Herb sold 3,133 shares of Figma stock. The shares were sold at an average price of $48.17, for a total transaction of $150,916.61.
Figma Trading Up 0.8%
Shares of NYSE:FIG opened at $37.38 on Wednesday. The company's 50 day moving average price is $39.32. The stock has a market capitalization of $15.55 billion and a PE ratio of -13.95. Figma, Inc. has a 12 month low of $32.83 and a 12 month high of $142.92.
Figma (NYSE:FIG - Get Free Report) last posted its earnings results 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. Figma had a negative net margin of 99.32% and a negative return on equity of 84.34%. The business had revenue of $274.17 million for the quarter. During the same quarter in the prior year, the company earned $0.04 earnings per share. The business's revenue for the quarter was up 38.0% compared to the same quarter last year.
Analyst Ratings Changes
Several equities research analysts recently issued reports on FIG shares. Weiss Ratings reissued a "sell (e+)" rating on shares of Figma in a research note on Monday, December 29th. 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. Wells Fargo & Company dropped their price target on Figma from $70.00 to $52.00 and set an "equal weight" rating for the company in a research report on Wednesday, November 5th. The Goldman Sachs Group boosted their price objective on Figma from $49.00 to $54.00 and gave the stock a "neutral" rating in a report on Friday, November 7th. Finally, Piper Sandler decreased their price objective on shares of Figma from $85.00 to $70.00 and set an "overweight" rating on the stock in a research report on Thursday, November 6th. Three research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, Figma currently has a consensus rating of "Hold" and an average target price of $59.00.
View Our Latest Analysis on Figma
Institutional Investors Weigh In On Figma
Hedge funds have recently added to or reduced their stakes in the company. SC US Ttgp LTD. bought a new position in shares of Figma during the 3rd quarter valued at about $1,310,305,000. ICONIQ Capital LLC bought a new stake in Figma in the 3rd quarter worth approximately $1,108,879,000. a16z Capital Management L.L.C. purchased a new stake in Figma in the third quarter worth approximately $842,687,000. Durable Capital Partners LP purchased a new stake in Figma in the third quarter worth approximately $278,510,000. Finally, Thrive Capital Management LLC bought a new position in Figma during the third quarter valued at approximately $228,034,000.
Key Stories Impacting Figma
Here are the key news stories impacting Figma this week:
- Neutral Sentiment: Analyst/valuation coverage: a Yahoo Finance piece examines Figma’s valuation as shares retreat and user narratives diverge — useful context for investors reassessing growth vs. profitability expectations. Assessing Figma (FIG) Valuation As Shares Retreat And User Narratives Diverge
- Neutral Sentiment: Product visibility: a how-to tutorial on Figma scrollbar animation is circulating (MSN), reflecting continued user engagement and ecosystem activity but unlikely to move the stock materially. Figma tutorial: Easy scrollbar animation step by step
- Negative Sentiment: Price-target cut: RBC Capital lowered its Figma price target to $38 from $65, signaling reduced analyst confidence in near‑term upside and likely contributing to weaker sentiment among growth investors. Figma price target lowered to $38 from $65 at RBC Capital
- Negative Sentiment: Insider selling: multiple senior executives (CTO Kris Rasmussen, CFO Praveer Melwani, CRO Shaunt Voskanian, General Counsel Brendan Mulligan, CAO Tyler Herb) disclosed large open‑market sales in early January — the CTO sold ~181k shares (~$6.75M) and other officers sold smaller positions around $37 per share. Heavy insider sales can signal liquidity needs or portfolio diversification and often weigh on short‑term sentiment. (SEC filings) CTO Form 4 filing
Figma Company Profile
(
Get Free Report)
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.
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