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

Figma, Inc. (NYSE:FIG) CTO Kris Rasmussen sold 51,359 shares of the company’s stock in a transaction that occurred on Wednesday, February 25th. The shares were sold at an average price of $30.00, for a total value of $1,540,770.00. Following the completion of the transaction, the chief technology officer directly owned 10,367,546 shares of the company’s stock, valued at $311,026,380. This trade represents a 0.49% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

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

• On Tuesday, February 10th, Kris Rasmussen sold 205,438 shares of Figma stock. The stock was 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 shares were sold at an average price of $24.86, for a total transaction 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 transaction 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 transaction of $530,316.92.
• On Wednesday, December 3rd, Kris Rasmussen sold 177,387 shares of Figma stock. The stock was 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 NYSE FIG opened at $29.39 on Friday. The stock has a market cap of $12.96 billion and a PE ratio of -9.42. Figma, Inc. has a 52-week low of $19.85 and a 52-week high of $142.92. The business has a 50-day moving average price of $30.10 and a 200 day moving average price of $44.82.

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Gladstone Capital Management LLP lifted its holdings in Figma by 2.9% in the fourth quarter. Gladstone Capital Management LLP now owns 17,081 shares of the company’s stock valued at $638,000 after acquiring an additional 481 shares during the period. Whittier Trust Co. of Nevada Inc. purchased a new position in shares of Figma in the 3rd quarter valued at about $26,000. NewEdge Advisors LLC acquired a new stake in shares of Figma in the third quarter valued at about $26,000. Wilmington Savings Fund Society FSB purchased a new stake in Figma during the third quarter worth about $27,000. Finally, Charles Schwab Investment Management Inc. grew its position in Figma by 3.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 15,212 shares of the company’s stock worth $568,000 after buying an additional 559 shares during the period.

Key Stories 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

Analyst Ratings Changes

A number of equities research analysts have recently commented on FIG shares. Morgan Stanley set a $44.00 target price on shares of Figma in a report on Thursday, February 19th. Barclays raised Figma to a “neutral” rating in a research note on Thursday, January 8th. Stifel Nicolaus lowered their target price on Figma from $40.00 to $30.00 and set a “hold” rating on the stock in a research note on Thursday, February 19th. Royal Bank Of Canada dropped their target price on Figma from $38.00 to $31.00 and set a “sector perform” rating on the stock in a report on Thursday, February 19th. Finally, Piper Sandler reaffirmed an “overweight” rating and set a $35.00 price target on shares of Figma in a report on Thursday, February 19th. Four 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’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $43.25.

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.