Brendan Mulligan Sells 18,741 Shares of Figma (NYSE:FIG) Stock

Figma, Inc. (NYSE:FIG) General Counsel Brendan Mulligan sold 18,741 shares of the business’s stock in a transaction that occurred on Tuesday, May 19th. The shares were sold at an average price of $25.04, for a total transaction of $469,274.64. Following the transaction, the general counsel directly owned 987,986 shares of the company’s stock, valued at $24,739,169.44. The trade was a 1.86% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Monday, March 16th, Brendan Mulligan sold 4,817 shares of Figma stock. The shares were sold at an average price of $26.30, for a total transaction of $126,687.10.
• On Tuesday, March 3rd, Brendan Mulligan sold 4,817 shares of Figma stock. The shares were sold at an average price of $28.30, for a total transaction of $136,321.10.

Figma Trading Up 5.8%

Shares of FIG stock opened at $22.84 on Friday. Figma, Inc. has a 12 month low of $16.60 and a 12 month high of $142.92. The stock has a market cap of $10.18 billion and a P/E ratio of -6.66. The company has a 50 day simple moving average of $20.94 and a two-hundred day simple moving average of $29.00.

Figma (NYSE:FIG) last announced its earnings results on Thursday, May 14th. The company reported $0.10 EPS for the quarter, beating analysts’ consensus estimates of ($0.17) by $0.27. Figma had a negative net margin of 123.83% and a negative return on equity of 98.51%. The business had revenue of $333.44 million during the quarter. The firm’s quarterly revenue was up 46.1% compared to the same quarter last year. As a group, equities analysts forecast that Figma, Inc. will post -0.69 earnings per share for the current year.

Key Stories Impacting Figma

Here are the key news stories impacting Figma this week:

• Positive Sentiment: Figma is drawing attention for launching a new agentic design tool and expanding its screen design app with an AI agent, reinforcing the company’s AI strategy and potentially supporting future product adoption. Article Title
• Positive Sentiment: Investor sentiment may also be helped by a contrarian note arguing that Figma is an overlooked AI growth stock, which could keep interest high in the name if software sentiment improves. Article Title
• Neutral Sentiment: One article argues that Figma is still needed for a key design workflow even after competing AI tools are used for iteration, suggesting the platform remains relevant but not necessarily triggering a major near-term catalyst. Article Title
• Negative Sentiment: Recent insider selling from the general counsel, CTO, and CAO may weigh on sentiment, even though the trades were made under pre-arranged 10b5-1 plans and do not necessarily signal a change in business fundamentals. Article Title

Wall Street Analyst Weigh In

A number of analysts have commented on FIG shares. Stifel Nicolaus set a $25.00 target price on shares of Figma in a report on Friday, May 15th. Piper Sandler reaffirmed an “overweight” rating and set a $30.00 target price (down from $35.00) on shares of Figma in a report on Friday, May 15th. Morgan Stanley reduced their target price on shares of Figma from $44.00 to $38.00 and set an “equal weight” rating for the company in a report on Friday, May 15th. BTIG Research initiated coverage on shares of Figma in a report on Monday, April 13th. They set a “neutral” rating for the company. Finally, Royal Bank Of Canada reduced their price objective on shares of Figma from $31.00 to $28.00 and set a “sector perform” rating for the company in a research note on Friday, May 15th. Four equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $38.63.

Institutional Trading of Figma

A number of hedge funds and other institutional investors have recently modified their holdings of FIG. SC US Ttgp LTD. purchased a new stake in shares of Figma in the third quarter worth $1,310,305,000. ICONIQ Capital LLC purchased a new stake in shares of Figma in the third quarter worth $1,108,879,000. a16z Capital Management L.L.C. purchased a new stake in shares of Figma in the third quarter worth $842,687,000. Viking Global Investors LP purchased a new stake in shares of Figma in the fourth quarter worth $214,967,000. Finally, Durable Capital Partners LP purchased a new stake in shares of Figma in the third quarter worth $278,510,000.

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.