Figma (NYSE:FIG) Hits New 1-Year Low After Insider Selling

Figma, Inc. (NYSE:FIG)’s share price reached a new 52-week low on Thursday after an insider sold shares in the company. The stock traded as low as $19.85 and last traded at $22.47, with a volume of 24151286 shares. The stock had previously closed at $21.39.

Specifically, General Counsel Brendan Mulligan sold 7,671 shares of the business’s stock in a transaction on Monday, February 2nd. The stock was sold at an average price of $24.86, for a total value of $190,701.06. Following the completion of the sale, the general counsel directly owned 855,716 shares in the company, valued at $21,273,099.76. The trade was a 0.89% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CRO Shaunt Voskanian sold 3,828 shares of the stock in a transaction on Monday, February 2nd. The stock was sold at an average price of $24.86, for a total value of $95,164.08. Following the transaction, the executive owned 1,588,735 shares in the company, valued at $39,495,952.10. The trade was a 0.24% decrease in their position. The disclosure for this sale is available in the SEC filing. In related news, CFO Praveer Melwani sold 16,247 shares of the company’s stock in a transaction dated Monday, February 2nd. The shares were sold at an average price of $24.86, for a total value of $403,900.42. Following the transaction, the chief financial officer directly owned 1,550,298 shares in the company, valued at approximately $38,540,408.28. This represents a 1.04% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on FIG. Wells Fargo & Company raised shares of Figma from an “equal weight” rating to an “overweight” rating and set a $52.00 price objective for the company in a report on Thursday, January 8th. 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. Barclays raised Figma to a “neutral” rating in a research report on Thursday, January 8th. Weiss Ratings restated a “sell (e+)” rating on shares of Figma in a research note on Monday, December 29th. Finally, Stifel Nicolaus initiated coverage on Figma in a report on Wednesday, January 7th. They issued a “hold” rating and a $40.00 price objective for the company. Four analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Figma presently has a consensus rating of “Hold” and a consensus target price of $47.75.

Trending Headlines about Figma

Here are the key news stories impacting Figma this week:

• Positive Sentiment: Retail interest — Figma has fallen sharply YTD and some retail traders see the pullback as a buying opportunity, which can support short-term demand. Article Title
• Neutral Sentiment: Product/strategy — Figma is pushing AI into its core with “Weave,” which is a longer-term positive for product differentiation but hasn’t yet moved consensus analyst targets. This keeps sentiment mixed while investors evaluate execution. Article Title
• Neutral Sentiment: Analyst repositioning — Some analysts have cut price targets while maintaining constructive ratings, creating short-term volatility but not a unanimous sell signal. Article Title
• Negative Sentiment: Insider selling — Multiple senior executives (GC Brendan Mulligan, CRO Shaunt Voskanian, CFO Praveer Melwani, CTO Kris Rasmussen, CAO Tyler Herb) sold shares on Feb 2 at about $24.86 per share. The volume and timing of those Form 4 filings can be perceived negatively by investors. CTO Form 4
• Negative Sentiment: Competitive/AI pressure — Broader AI leadership (notably from Alphabet/Google) is reshaping expectations for design and productivity tools, creating headwinds for valuation and growth expectations across the sector. Article Title
• Negative Sentiment: Analyst/valuation scrutiny — Coverage notes and valuation checks highlight AI concerns and reduced price targets, which pressured the stock in recent sessions. Article Title

Figma Price Performance

The business has a 50 day simple moving average of $34.32. The firm has a market cap of $9.35 billion and a PE ratio of -8.38.

Figma (NYSE:FIG) last issued its quarterly earnings results on Wednesday, November 5th. The company reported $0.10 earnings per share (EPS) for the quarter, beating the consensus estimate 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 for the quarter. During the same quarter in the previous year, the business posted $0.04 EPS. The company’s revenue for the quarter was up 38.0% on a year-over-year basis.

Institutional Trading of Figma

Several large investors have recently bought and sold shares of the business. Voya Investment Management LLC acquired a new position in Figma during the third quarter worth about $3,412,000. VERITY Wealth Advisors bought a new stake in shares of Figma during the 3rd quarter valued at approximately $519,000. Tripletail Wealth Management LLC acquired a new position in Figma during the 3rd quarter worth approximately $53,000. Renaissance Capital LLC bought a new position in Figma in the 3rd quarter valued at approximately $2,439,000. Finally, SOA Wealth Advisors LLC. acquired a new stake in Figma in the third quarter valued at approximately $39,000.

About Figma

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.