Insider Selling: Figma (NYSE:FIG) CFO Sells $623,820.80 in Stock

Figma, Inc. (NYSE:FIG) CFO Praveer Melwani sold 30,460 shares of Figma stock in a transaction that occurred on Monday, July 6th. The stock was sold at an average price of $20.48, for a total transaction of $623,820.80. Following the completion of the transaction, the chief financial officer owned 1,711,526 shares in the company, valued at approximately $35,052,052.48. This trade represents a 1.75% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Praveer Melwani also recently made the following trade(s):

• On Wednesday, June 3rd, Praveer Melwani sold 83,974 shares of Figma stock. The shares were sold at an average price of $22.77, for a total value of $1,912,087.98.

Figma Price Performance

Shares of FIG traded down $0.48 during trading hours on Wednesday, hitting $21.70. 30,438,122 shares of the company were exchanged, compared to its average volume of 17,134,443. The company has a market capitalization of $9.67 billion and a PE ratio of -6.33. The firm has a fifty day simple moving average of $20.51 and a 200-day simple moving average of $24.82. Figma, Inc. has a one year low of $16.60 and a one year high of $142.92.

Figma (NYSE:FIG) last announced its earnings results on Thursday, May 14th. The company reported $0.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.17) by $0.27. Figma had a negative return on equity of 98.51% and a negative net margin of 123.83%.The company had revenue of $333.44 million for the quarter. The firm’s revenue was up 46.1% compared to the same quarter last year. Sell-side analysts expect that Figma, Inc. will post -0.78 EPS for the current year.

Key Figma News

Here are the key news stories impacting Figma this week:

• Positive Sentiment: Bank of America reinstated coverage on Figma (FIG) with a Buy rating and a $30 price target, saying AI is more likely to strengthen Figma’s competitive position and open up new revenue opportunities than hurt its business. Benzinga report on Bank of America coverage
• Positive Sentiment: Multiple reports highlighted Figma as a stronger AI investment idea than Adobe, reinforcing investor optimism that the company can benefit from AI rather than be displaced by it. Barron’s article on Figma vs. Adobe
• Positive Sentiment: Figma also acquired the team behind a vibe-coding app, a move that could support product development and broaden its AI-related capabilities. MSN article on acquisition
• Neutral Sentiment: Analysts and market commentary noted that Figma is still trading near a key technical level, with investors weighing the recent rebound against a weaker June and broader risk-off sentiment. Benzinga technical update
• Negative Sentiment: Figma continues to face concern that AI could disrupt parts of its business, which helped drive its decline in June before the recent analyst-driven rebound. Motley Fool article on June decline

Institutional Trading of Figma

Several institutional investors have recently made changes to their positions in the stock. NewEdge Advisors LLC purchased a new stake in Figma in the 3rd quarter worth approximately $26,000. Wilmington Savings Fund Society FSB purchased a new position in shares of Figma during the 3rd quarter valued at $27,000. Sunbelt Securities Inc. purchased a new position in shares of Figma during the 3rd quarter valued at $30,000. US Bancorp DE acquired a new position in shares of Figma in the third quarter worth $31,000. Finally, CIBC Private Wealth Group LLC purchased a new stake in shares of Figma during the third quarter worth $33,000.

Analyst Upgrades and Downgrades

FIG has been the subject of several recent analyst reports. Wells Fargo & Company decreased their target price on shares of Figma from $42.00 to $36.00 and set an “overweight” rating for the company in a report on Friday, June 26th. JPMorgan Chase & Co. reduced their price target on shares of Figma from $45.00 to $42.00 and set a “neutral” rating for the company in a research report on Friday, May 15th. Bank of America initiated coverage on shares of Figma in a research note on Tuesday. They issued a “buy” rating and a $30.00 price objective for the company. BTIG Research assumed coverage on shares of Figma in a research report on Monday, April 13th. They set a “neutral” rating on the stock. Finally, Weiss Ratings reissued a “sell (e+)” rating on shares of Figma in a research note on Tuesday, May 19th. Five research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Figma presently has an average rating of “Hold” and a consensus price target of $32.67.

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.