Kris Rasmussen Sells 51,359 Shares of Figma (NYSE:FIG) Stock

Figma, Inc. (NYSE:FIG) CTO Kris Rasmussen sold 51,359 shares of the business’s stock in a transaction dated Wednesday, February 25th. The stock was sold at an average price of $30.00, for a total transaction of $1,540,770.00. Following the sale, the chief technology officer owned 10,367,546 shares in the company, valued at $311,026,380. This trade represents a 0.49% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Kris Rasmussen also recently made the following trade(s):

• On Tuesday, February 10th, Kris Rasmussen sold 205,438 shares of Figma stock. The shares were sold at an average price of $25.01, for a total transaction of $5,138,004.38.
• On Monday, February 2nd, Kris Rasmussen sold 74,305 shares of Figma stock. The stock was sold at an average price of $24.86, for a total value of $1,847,222.30.
• On Monday, January 5th, Kris Rasmussen sold 181,345 shares of Figma stock. The stock was sold at an average price of $37.25, for a total value of $6,755,101.25.
• On Friday, January 2nd, Kris Rasmussen sold 14,252 shares of Figma stock. The shares were sold at an average price of $37.21, for a total value of $530,316.92.
• On Wednesday, December 3rd, Kris Rasmussen sold 177,387 shares of Figma stock. The shares were sold at an average price of $36.71, for a total value of $6,511,876.77.
• On Monday, December 1st, Kris Rasmussen sold 18,211 shares of Figma stock. The stock was sold at an average price of $35.45, for a total value of $645,579.95.

Figma Stock Down 2.7%

Shares of Figma stock opened at $29.39 on Friday. The business has a fifty day simple moving average of $30.10 and a 200-day simple moving average of $44.52. Figma, Inc. has a fifty-two week low of $19.85 and a fifty-two week high of $142.92. The firm has a market cap of $12.96 billion and a price-to-earnings ratio of -9.42.

Figma (NYSE:FIG) last issued its quarterly earnings results on Wednesday, February 18th. The company reported $0.08 EPS for the quarter, topping the consensus estimate of ($0.20) by $0.28. Figma had a negative net margin of 121.87% and a negative return on equity of 97.03%. The firm had revenue of $303.78 million for the quarter. The company’s revenue was up 40.1% compared to the same quarter last year.

Analysts Set New Price Targets

FIG has been the topic of several recent research reports. Morgan Stanley set a $44.00 price target on shares of Figma in a research report on Thursday, February 19th. Royal Bank Of Canada reduced their price objective on Figma from $38.00 to $31.00 and set a “sector perform” rating for the company in a research note on Thursday, February 19th. Barclays upgraded Figma to a “neutral” rating in a report on Thursday, January 8th. Wells Fargo & Company reduced their target price on Figma from $52.00 to $42.00 and set an “overweight” rating for the company in a report on Thursday, February 19th. Finally, Wall Street Zen upgraded Figma from a “sell” rating to a “hold” rating in a research report on Sunday, February 8th. Four equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Figma currently has an average rating of “Hold” and a consensus price target of $43.25.

Institutional Trading of Figma

A number of hedge funds have recently modified their holdings of FIG. Alphabet Inc. bought a new position in shares of Figma during the 3rd quarter valued at $11,182,000. Rit Capital Partners PLC acquired a new position in Figma during the third quarter worth $2,592,000. Sumitomo Mitsui Trust Group Inc. bought a new position in Figma during the third quarter valued at about $11,075,000. Rakuten Investment Management Inc. acquired a new stake in shares of Figma in the third quarter worth about $4,425,000. Finally, Warm Springs Advisors Inc. acquired a new stake in shares of Figma in the third quarter worth about $2,075,000.

Key Headlines Impacting Figma

Here are the key news stories impacting Figma this week:

• Positive Sentiment: Large insider buying by a director signals confidence — two separate director purchases announced totaling roughly $36.5M in stock, which can support sentiment about insider conviction. Figma (NYSE:FIG) Director Acquires $14,351,267.70 in Stock
• Positive Sentiment: Another large director buy reported (about $22.18M), further offsetting concerns from insider sales and suggesting long-term insider confidence. Insider Buying: Figma (NYSE:FIG) Director Buys $22,179,800.70 in Stock
• Positive Sentiment: Product/AI partnership: Figma is integrating OpenAI Codex support, which could strengthen its AI-enabled workflow and competitive positioning. Figma partners with OpenAI to bake in support for Codex
• Positive Sentiment: Strategic analysis highlights Figma’s orchestration/MCP network effects as a potential long-term defensibility factor — bullish for durable competitive moat if execution continues. Figma’s orchestration bet: Why MCP network effects redefine software defensibility
• Neutral Sentiment: Market take on incumbents: coverage suggests Figma’s AI credits are pressuring Creative Cloud valuation — could be positive for Figma competitive stance but uncertain in near term. Adobe Valuation Questioned As Figma AI Credits Challenge Creative Cloud
• Negative Sentiment: Executive selling: CTO Kris Rasmussen sold 51,359 shares (~$1.54M) — routine diversification but often viewed negatively by investors when clustered with other selling. SEC Form 4 – Kris Rasmussen
• Negative Sentiment: CRO Shaunt Voskanian also sold 8,554 shares (~$256.6k), adding to the appearance of insider selling pressure. SEC Form 4 – Shaunt Voskanian
• Negative Sentiment: Market action: Benzinga reports FIG slid amid a Friday market rout and rotation out of richly valued tech names — broad macro-driven selling pressure. Figma Stock Slides On AI Competition Amid Friday Market Rout
• Negative Sentiment: Notable criticism: Jim Cramer questioned Figma’s moat, which can weigh on sentiment among retail and momentum investors. Figma (FIG) Doesn’t Have The Moat That It Thinks, Says Jim Cramer

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.