Figma (NYSE:FIG) CAO Tyler Herb Sells 1,678 Shares

March 6, 2026 by InsiderTrades.com

Key Points

CTO Kris Rasmussen sold 179,331 shares on March 3 at an average price of $29.80 for about $5.34 million, leaving him with 10,169,178 shares (a 1.73% ownership decline).
He has repeatedly sold shares this year — roughly 706,030 shares across six disclosed transactions, totaling about $21.2 million.
Figma beat EPS expectations with $0.08 and reported revenue of $303.78 million (up 40.1% YoY), but remains unprofitable with a negative net margin of 121.87%.

Figma, Inc. (NYSE:FIG - Get Free Report) CAO Tyler Herb sold 1,678 shares of the firm's stock in a transaction on Tuesday, March 3rd. The shares were sold at an average price of $28.47, for a total value of $47,772.66. Following the completion of the sale, the chief accounting officer owned 188,913 shares of the company's stock, valued at approximately $5,378,353.11. This trade represents a 0.88% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Wall Street Loves FIGS—Why Do Price Targets Predict Pullback?

Tyler Herb also recently made the following trade(s):

On Thursday, February 26th, Tyler Herb sold 1,492 shares of Figma stock. The stock was sold at an average price of $32.00, for a total value of $47,744.00.
On Thursday, February 19th, Tyler Herb sold 1,492 shares of Figma stock. The shares were sold at an average price of $26.00, for a total transaction of $38,792.00.
On Monday, February 2nd, Tyler Herb sold 2,232 shares of Figma stock. The stock was sold at an average price of $24.86, for a total transaction of $55,487.52.
On Monday, January 5th, Tyler Herb sold 2,840 shares of Figma stock. The shares were sold at an average price of $37.15, for a total value of $105,506.00.
On Friday, January 2nd, Tyler Herb sold 2,408 shares of Figma stock. The stock was sold at an average price of $37.21, for a total transaction of $89,601.68.

Figma Stock Performance

FIG traded down $1.28 during trading hours on Friday, reaching $29.02. The company's stock had a trading volume of 4,770,378 shares, compared to its average volume of 14,864,967. The firm has a market cap of $12.80 billion and a PE ratio of -9.30. The company's 50-day moving average is $29.39 and its 200-day moving average is $43.40. Figma, Inc. has a 52 week low of $19.85 and a 52 week high of $142.92.

Figma’s Anthropic Integration Could Flip the SaaSpocalypse Script

Figma (NYSE:FIG - Get Free Report) last issued its quarterly earnings data on Wednesday, February 18th. The company reported $0.08 EPS for the quarter, beating analysts' consensus estimates 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 firm had revenue of $303.78 million for the quarter. The firm's revenue for the quarter was up 40.1% on a year-over-year basis.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. SC US Ttgp LTD. purchased a new stake in shares of Figma in the third quarter worth $1,310,305,000. ICONIQ Capital LLC purchased a new stake in Figma during the third quarter valued at approximately $1,108,879,000. a16z Capital Management L.L.C. bought a new position in Figma in the 3rd quarter worth $842,687,000. JPMorgan Chase & Co. lifted its position in shares of Figma by 119.4% during the 4th quarter. JPMorgan Chase & Co. now owns 6,643,939 shares of the company's stock valued at $248,284,000 after buying an additional 3,615,198 shares in the last quarter. Finally, Baillie Gifford & Co. boosted its position in shares of Figma by 93.8% in the fourth quarter. Baillie Gifford & Co. now owns 5,763,613 shares of the company's stock worth $215,386,000 after purchasing an additional 2,789,986 shares during the period.

Figma News Summary

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Here are the key news stories impacting Figma this week:

Positive Sentiment: Company is accelerating its AI strategy (Figma Make, ChatGPT/Anthropic integrations) and positioning itself as an enterprise product‑development hub — a structural growth catalyst that could raise enterprise ARPU and retention if adoption continues. Read More.
Positive Sentiment: Recent quarter: FIG beat EPS estimates and posted strong revenue growth (~40% YoY for the quarter), which supports the longer‑term growth story despite negative margins today. Bullish write‑ups cite accelerating user metrics and high‑ARR customers. Read More.
Neutral Sentiment: Momentum vs. valuation debate: some investors are reassessing after a large recent rally — that discussion raises volatility and could cap near‑term upside even as the growth story remains intact. Read More.
Neutral Sentiment: Analyst coverage is mixed; price targets have been trimmed by some firms while others remain constructive. Consensus sits around a “Hold” with a mid‑$40s average target, implying divergent near‑term views. Read More.
Negative Sentiment: Significant insider selling: CTO Kris Rasmussen sold ~179,331 shares (~$5.3M) and other senior officers (CAO, GC) also sold smaller stakes in early March. Large, repeated insider sales are a near‑term negative signal for sentiment and likely the main driver pressuring the stock today. Read More.

Analyst Ratings Changes

A number of research firms have issued reports on FIG. Morgan Stanley set a $44.00 price target on Figma in a report on Thursday, February 19th. Stifel Nicolaus lowered their price objective on Figma from $40.00 to $30.00 and set a "hold" rating for the company in a research note on Thursday, February 19th. Wells Fargo & Company cut their price target on shares of Figma from $52.00 to $42.00 and set an "overweight" rating on the stock in a report on Thursday, February 19th. JPMorgan Chase & Co. reduced their price objective on Figma from $65.00 to $60.00 and set a "neutral" rating for the company in a research note on Thursday, November 6th. Finally, Barclays upgraded shares of Figma to a "neutral" rating in a research note on Thursday, January 8th. Four investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $43.25.

Check Out Our Latest Stock 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.