Brendan Mulligan Sells 5,666 Shares of Figma (NYSE:FIG) Stock

Figma, Inc. (NYSE:FIG) General Counsel Brendan Mulligan sold 5,666 shares of the firm’s stock in a transaction on Monday, January 5th. The shares were sold at an average price of $37.25, for a total value of $211,058.50. Following the sale, the general counsel directly owned 869,053 shares of the company’s stock, valued at $32,372,224.25. This represents a 0.65% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Brendan Mulligan also recently made the following trade(s):

• On Friday, January 2nd, Brendan Mulligan sold 6,793 shares of Figma stock. The shares were 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 stock was 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 transaction 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 transaction of $331,209.35.
• On Monday, November 17th, Brendan Mulligan sold 4,299 shares of Figma stock. The stock was sold at an average price of $37.29, for a total transaction 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 stock was 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 value of $458,867.42.

Figma Trading Down 0.4%

Shares of NYSE FIG opened at $37.34 on Thursday. The firm has a market cap of $15.53 billion and a price-to-earnings ratio of -13.93. The firm has a fifty day moving average price of $39.05. Figma, Inc. has a one year low of $32.83 and a one year high of $142.92.

Figma (NYSE:FIG) last posted its earnings results on Wednesday, November 5th. The company reported $0.10 earnings per share for the quarter, topping analysts’ consensus estimates of ($1.56) by $1.66. Figma had a negative return on equity of 84.34% and a negative net margin of 99.32%.The company had revenue of $274.17 million during the quarter. During the same period in the prior year, the business posted $0.04 EPS. The firm’s quarterly revenue was up 38.0% compared to the same quarter last year.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on FIG shares. JPMorgan Chase & Co. dropped their price target on shares of Figma from $65.00 to $60.00 and set a “neutral” rating for the company in a research report on Thursday, November 6th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Figma in a report on Monday, December 29th. Stifel Nicolaus set a $40.00 target price on Figma in a report on Wednesday. Piper Sandler decreased their price target on Figma from $85.00 to $70.00 and set an “overweight” rating on the stock in a research report on Thursday, November 6th. Finally, Wells Fargo & Company cut their price objective on shares of Figma from $70.00 to $52.00 and set an “equal weight” rating for the company in a research report on Wednesday, November 5th. Three analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $56.63.

Figma News Summary

Here are the key news stories impacting Figma this week:

• Positive Sentiment: Strong fundamentals: Figma reported better‑than‑expected quarterly results (Nov. 5) — $0.10 EPS vs. a large consensus miss, and revenue of $274.2M, up ~38% year‑over‑year — evidence of continued user and revenue growth. Figma stock summary and earnings
• Positive Sentiment: Product momentum / ecosystem activity: new how‑to and demo content (Design→production code with Figma MCP, tutorials) highlights continued product adoption and developer/designer engagement — supportive long‑term demand even if not market moving short term. Design to production code with Figma MCP
• Neutral Sentiment: Analyst stance: Stifel Nicolaus initiated coverage with a Hold, reflecting balanced view on growth vs. AI / valuation uncertainty; the consensus remains a Hold with an average target around $59, signaling limited near‑term upside in analysts’ view. Stifel Hold initiation (TipRanks)
• Negative Sentiment: Price target cut: RBC Capital cut its target to $38 (from $65), a notable downward revision that likely reduced investor expectations for near‑term upside. RBC price target lowered to $38
• Negative Sentiment: Heavy insider selling: multiple senior executives disclosed open‑market sales in early January (CTO sold ~181k shares, CFO/CRO/GC/CAO also sold smaller blocks). Large insider sales can weigh on sentiment by signaling diversification or liquidity needs. SEC filing for a large CTO sale: CTO Form 4 filing and CAO sale summary: InsiderTrades CAO sale alert

Hedge Funds Weigh In On Figma

Several hedge funds and other institutional investors have recently modified their holdings of the business. Noble Wealth Management PBC bought a new stake in shares of Figma during the 4th quarter worth $147,000. Hudson Bay Capital Management LP acquired a new position in Figma during the third quarter worth about $916,000. IFP Advisors Inc bought a new position in shares of Figma in the third quarter worth about $40,000. CIBC Private Wealth Group LLC bought a new position in shares of Figma in the third quarter worth about $33,000. Finally, Wilmington Savings Fund Society FSB acquired a new stake in shares of Figma in the 3rd quarter valued at approximately $27,000.

Figma Company Profile

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.