Key Points
- Figma General Counsel Brendan Mulligan sold 11,599 shares for about $247,000 under a pre-arranged Rule 10b5-1 plan, leaving him with 555,656 shares.
- Figma’s third-quarter revenue rose 42.8% to $391.4 million, and adjusted earnings of $0.10 per share beat estimates. The company raised its 2026 revenue outlook to $1.497–$1.499 billion.
- Despite the results and stronger outlook, investors remain concerned that the cost of expanding AI features could pressure margins; JPMorgan and RBC lowered their price targets to $24.
Figma, Inc. (NYSE:FIG - Get Free Report) CAO Tyler Herb sold 1,107 shares of Figma stock in a transaction dated Tuesday, November 3rd. The shares were sold at an average price of $21.26, for a total transaction of $23,534.82. Following the transaction, the chief accounting officer owned 242,151 shares of the company's stock, valued at $5,148,130.26. This represents a 0.46% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Tyler Herb also recently made the following trade(s):
- On Monday, October 5th, Tyler Herb sold 1,418 shares of Figma stock. The stock was sold at an average price of $21.62, for a total transaction of $30,657.16.
- On Thursday, September 3rd, Tyler Herb sold 1,416 shares of Figma stock. The stock was sold at an average price of $26.29, for a total transaction of $37,226.64.
- On Thursday, August 27th, Tyler Herb sold 2,000 shares of Figma stock. The stock was sold at an average price of $30.00, for a total transaction of $60,000.00.
- On Friday, August 21st, Tyler Herb sold 1,840 shares of Figma stock. The shares were sold at an average price of $27.14, for a total transaction of $49,937.60.
Figma Stock Performance
Shares of NYSE FIG opened at $18.38 on Friday. The stock has a market cap of $8.36 billion, a price-to-earnings ratio of -17.17 and a beta of 1.17. Figma, Inc. has a fifty-two week low of $16.60 and a fifty-two week high of $46.79. The firm's 50-day simple moving average is $22.85 and its 200 day simple moving average is $23.01.
Figma (NYSE:FIG - Get Free Report) last issued its quarterly earnings data on Wednesday, November 4th. The company reported $0.10 EPS for the quarter, topping analysts' consensus estimates of ($0.22) by $0.32. The firm had revenue of $391.42 million during the quarter. Figma had a negative return on equity of 33.14% and a negative net margin of 40.21%. The business's revenue for the quarter was up 42.8% on a year-over-year basis. During the same period in the prior year, the firm posted $0.10 earnings per share. On average, sell-side analysts predict that Figma, Inc. will post -0.75 EPS for the current year.
Wall Street Analysts Forecast Growth
FIG has been the topic of several analyst reports. Rothschild & Co Redburn started coverage on Figma in a research report on Monday. They set a "neutral" rating and a $23.00 target price on the stock. JPMorgan Chase & Co. lowered their price target on Figma from $28.00 to $24.00 and set a "neutral" rating for the company in a research report on Thursday. Bank of America increased their price target on Figma from $30.00 to $33.00 and gave the company a "buy" rating in a research report on Wednesday, August 19th. Piper Sandler reiterated an "overweight" rating on shares of Figma in a report on Monday, October 26th. Finally, Citigroup dropped their price target on shares of Figma from $37.00 to $35.00 and set a "buy" rating on the stock in a research report on Wednesday, October 28th. Four investment analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $28.90.
Read Our Latest Stock Analysis on Figma
Key Stories Impacting Figma
Here are the key news stories impacting Figma this week:
- Positive Sentiment: Q3 revenue grew 42.8% year over year to $391.4 million, and earnings of $0.10 per share beat estimates. Figma also raised its 2026 revenue outlook to $1.497 billion–$1.499 billion and forecast Q4 revenue of $402 million–$404 million. Figma Q3 earnings report
- Positive Sentiment: Figma said changes to AI credit pricing boosted utilization by 40%. Monetizing AI usage and developing an in-house design model could support future growth and help manage costs. Figma: 3 Key Takeaways for Long-Term Investors
- Neutral Sentiment: General Counsel Brendan Mulligan and Chief Accounting Officer Tyler Herb sold shares under pre-arranged Rule 10b5-1 plans. Mulligan retained 555,656 shares, while Herb retained 242,151, making the sales a limited signal on their own. Figma insider transactions
- Negative Sentiment: Investors are concerned that AI models and features are expensive to deliver, potentially pressuring margins as Figma invests in growth. This concern has overshadowed the earnings beat and stronger outlook. Investors worry about AI costs
- Negative Sentiment: JPMorgan and RBC cut their price targets from $28 to $24, maintaining neutral or sector-perform ratings. The lower targets add to cautious sentiment following earnings. JPMorgan analyst update
Institutional Trading of Figma
A number of hedge funds have recently bought and sold shares of the business. Three Bridge Wealth Advisors LLC purchased a new position in Figma in the third quarter worth $42,000. Machina Capital S.A.S. bought a new stake in shares of Figma during the 3rd quarter worth $296,000. Torrey Growth & Income Advisors boosted its holdings in shares of Figma by 1.3% in the 3rd quarter. Torrey Growth & Income Advisors now owns 105,781 shares of the company's stock worth $2,238,000 after buying an additional 1,355 shares during the last quarter. Fulcrum Asset Management LLP purchased a new position in shares of Figma in the 3rd quarter worth about $2,510,000. Finally, Allspring Global Investments Holdings LLC purchased a new position in shares of Figma in the 3rd quarter worth about $215,000.
About Figma
(
Get Free Report)
Figma, Inc (NYSE: FIG) develops collaborative software for designing digital products and user experiences. Its browser-based platform enables teams to create, prototype, review and manage designs in real time, supporting collaboration among designers, developers, product managers and other stakeholders.
The company's product portfolio includes Figma Design, a collaborative interface-design and prototyping tool; FigJam, an online whiteboard for brainstorming and planning; and Dev Mode, which helps developers inspect designs and translate them into software.
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