Key Points
- Brendan Mulligan, Figma’s General Counsel, sold 5,227 shares on Feb. 10 at an average price of $25, receiving $130,675 and leaving him with 850,489 shares (a 0.61% drop in ownership).
- Mulligan has executed repeated sales since November — totaling over 53,000 shares across multiple transactions — indicating sustained insider selling.
- Figma stock is down ~2.3% (12‑month range $19.85–$142.92) with a market cap of $9.17B; analysts hold a mixed view (average target ~$47.75 and an overall "Hold" consensus).
Figma, Inc. (NYSE:FIG - Get Free Report) General Counsel Brendan Mulligan sold 5,227 shares of the business's stock in a transaction on Tuesday, February 10th. The shares were sold at an average price of $25.00, for a total transaction of $130,675.00. Following the sale, the general counsel directly owned 850,489 shares of the company's stock, valued at $21,262,225. This represents a 0.61% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
Brendan Mulligan also recently made the following trade(s):
- 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 transaction of $190,701.06.
- On Thursday, January 15th, Brendan Mulligan sold 5,666 shares of Figma stock. The shares were sold at an average price of $32.02, for a total transaction of $181,425.32.
- On Monday, January 5th, Brendan Mulligan sold 5,666 shares of Figma stock. The stock was 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 shares were 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 stock was 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.
Figma Stock Down 2.3%
Shares of FIG stock opened at $22.05 on Friday. Figma, Inc. has a twelve month low of $19.85 and a twelve month high of $142.92. The stock has a fifty day moving average price of $32.61. The stock has a market cap of $9.17 billion and a PE ratio of -8.23.
Hedge Funds Weigh In On Figma
Large investors have recently made changes to their positions in the business. Circle Wealth Management LLC boosted its position in shares of Figma by 168.6% in the 4th quarter. Circle Wealth Management LLC now owns 19,465 shares of the company's stock worth $727,000 after purchasing an additional 12,218 shares in the last quarter. Federation des caisses Desjardins du Quebec increased its position in Figma by 175.0% during the 4th quarter. Federation des caisses Desjardins du Quebec now owns 12,758 shares of the company's stock valued at $477,000 after buying an additional 8,118 shares in the last quarter. HRT Financial LP purchased a new stake in Figma in the fourth quarter valued at about $2,682,000. Sand Hill Global Advisors LLC acquired a new stake in Figma in the fourth quarter worth about $1,006,000. Finally, Commonwealth Equity Services LLC grew its stake in shares of Figma by 29.3% during the fourth quarter. Commonwealth Equity Services LLC now owns 10,304 shares of the company's stock worth $385,000 after acquiring an additional 2,332 shares during the last quarter.
Analysts Set New Price Targets
FIG has been the topic of several recent research reports. Morgan Stanley dropped their target price on shares of Figma from $65.00 to $48.00 and set an "equal weight" rating on the stock in a report on Thursday, January 15th. Wells Fargo & Company upgraded shares of Figma from an "equal weight" rating to an "overweight" rating and set a $52.00 price objective on the stock in a research note on Thursday, January 8th. Stifel Nicolaus assumed coverage on shares of Figma in a report on Wednesday, January 7th. They set a "hold" rating and a $40.00 price objective on the stock. Barclays upgraded Figma to a "neutral" rating in a report on Thursday, January 8th. Finally, JPMorgan Chase & Co. cut 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. 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. Based on data from MarketBeat, the company has an average rating of "Hold" and an average target price of $47.75.
Check Out Our Latest Analysis on FIG
About Figma
(
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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