Key Points
- General Counsel Brendan Mulligan sold 5,666 Figma shares on Jan. 15 at an average of $32.02 for $181,425.32, leaving him with 863,387 shares (a 0.65% ownership decrease).
- The Jan. 15 sale is part of a string of recent insider disposals — including an 80,934-share sale on Nov. 10 for about $3.52M — signaling ongoing insider selling activity.
- Figma beat EPS expectations (reported $0.10 vs. consensus -$1.56) with $274.17M revenue (+38% YoY), but still shows a very negative net margin (99.32%) and negative ROE; shares opened at $27.73 with a market cap of $11.53B and a 52‑week range of $27.48–$142.92.
Figma, Inc. (NYSE:FIG - Get Free Report) General Counsel Brendan Mulligan sold 5,666 shares of the business's stock in a transaction on Thursday, January 15th. The stock was sold at an average price of $32.02, for a total transaction of $181,425.32. Following the transaction, the general counsel owned 863,387 shares in the company, valued at approximately $27,645,651.74. The trade was a 0.65% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.
Brendan Mulligan also recently made the following trade(s):
- 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 transaction of $211,058.50.
- On Friday, January 2nd, Brendan Mulligan sold 6,793 shares of Figma stock. The stock was sold at an average price of $37.21, for a total transaction 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 transaction of $152,182.80.
- On Wednesday, December 3rd, Brendan Mulligan sold 4,392 shares of Figma stock. The stock was sold at an average price of $36.68, for a total value of $161,098.56.
- On Monday, December 1st, Brendan Mulligan sold 9,343 shares of Figma stock. The shares were sold at an average price of $35.45, for a total value of $331,209.35.
- On Monday, November 17th, Brendan Mulligan sold 4,299 shares of Figma stock. The shares were sold at an average price of $37.29, for a total value of $160,309.71.
- On Wednesday, November 12th, Brendan Mulligan sold 10,000 shares of Figma stock. The stock was sold at an average price of $45.00, for a total value of $450,000.00.
- On Monday, November 10th, Brendan Mulligan sold 80,934 shares of Figma stock. The shares were 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 transaction of $458,867.42.
Figma Price Performance
Shares of FIG opened at $27.73 on Wednesday. The company has a 50-day moving average of $36.63. The company has a market capitalization of $11.53 billion and a price-to-earnings ratio of -10.35. Figma, Inc. has a fifty-two week low of $27.48 and a fifty-two week high of $142.92.
Figma (NYSE:FIG - Get Free Report) last announced its quarterly earnings results on Wednesday, November 5th. The company reported $0.10 EPS for the quarter, beating analysts' consensus estimates of ($1.56) by $1.66. The business had revenue of $274.17 million for the quarter. Figma had a negative net margin of 99.32% and a negative return on equity of 84.34%. The firm's quarterly revenue was up 38.0% on a year-over-year basis. During the same quarter last year, the company posted $0.04 EPS.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Whittier Trust Co. of Nevada Inc. bought a new position in Figma in the 3rd quarter valued at about $26,000. NewEdge Advisors LLC acquired a new stake in shares of Figma during the 3rd quarter worth approximately $26,000. Wilmington Savings Fund Society FSB bought a new position in Figma in the third quarter valued at approximately $27,000. Sunbelt Securities Inc. acquired a new position in Figma during the third quarter valued at approximately $30,000. Finally, US Bancorp DE bought a new stake in Figma during the third quarter worth $31,000.
Analyst Upgrades and Downgrades
FIG has been the subject of several research reports. Weiss Ratings reissued a "sell (e+)" rating on shares of Figma in a report on Monday, December 29th. JPMorgan Chase & Co. dropped their target price on Figma from $65.00 to $60.00 and set a "neutral" rating for the company in a report on Thursday, November 6th. Piper Sandler reduced their target price on shares of Figma from $85.00 to $70.00 and set an "overweight" rating for the company in a research report on Thursday, November 6th. Morgan Stanley lowered their price target on shares of Figma from $65.00 to $48.00 and set an "equal weight" rating on the stock in a research report on Thursday, January 15th. Finally, Royal Bank Of Canada dropped their price objective 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, January 5th. Four research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, Figma presently has an average rating of "Hold" and a consensus target price of $52.13.
Get Our Latest Stock Analysis on FIG
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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