Figma (NYSE:FIG) General Counsel Brendan Mulligan Sells 11,599 Shares of Stock

Figma, Inc. (NYSE:FIG) General Counsel Brendan Mulligan sold 11,599 shares of Figma stock in a transaction dated Tuesday, November 3rd. The stock was sold at an average price of $21.30, for a total value of $247,058.70. Following the sale, the general counsel directly owned 555,656 shares in the company, valued at approximately $11,835,472.80. This trade represents a 2.04% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Monday, October 5th, Brendan Mulligan sold 20,701 shares of Figma stock. The shares were sold at an average price of $21.74, for a total value of $450,039.74.
• On Thursday, September 3rd, Brendan Mulligan sold 109,106 shares of Figma stock. The shares were sold at an average price of $25.98, for a total value of $2,834,573.88.
• On Friday, August 28th, Brendan Mulligan sold 211,599 shares of Figma stock. The shares were sold at an average price of $29.79, for a total value of $6,303,534.21.

Figma Trading Down 17.0%

Shares of FIG stock opened at $18.38 on Friday. The stock has a 50 day moving average of $22.85 and a two-hundred day moving average of $23.01. Figma, Inc. has a 12 month low of $16.60 and a 12 month high of $46.79. The company has a market capitalization of $8.36 billion, a P/E ratio of -17.17 and a beta of 1.17.

Figma (NYSE:FIG) last released its quarterly earnings data on Wednesday, November 4th. The company reported $0.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.22) by $0.32. The business had revenue of $391.42 million for the quarter. Figma had a negative return on equity of 33.14% and a negative net margin of 40.21%. The business’s revenue for the quarter was up 42.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.10 earnings per share. Sell-side analysts predict that Figma, Inc. will post -0.75 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the stock. Stifel Nicolaus decreased their price target on shares of Figma from $25.00 to $22.00 and set a “hold” rating on the stock in a research note on Wednesday, October 14th. Oppenheimer restated a “market perform” rating on shares of Figma in a research note on Thursday. Weiss Ratings raised shares of Figma from a “sell (e+)” rating to a “sell (d-)” rating in a report on Tuesday, October 6th. Morgan Stanley set a $33.00 price objective on shares of Figma in a report on Thursday, August 6th. Finally, Royal Bank Of Canada decreased their target price on shares of Figma from $28.00 to $24.00 and set a “sector perform” rating on the stock in a research report on Thursday. Four investment analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $28.90.

Hedge Funds Weigh In On Figma

A number of hedge funds have recently modified their holdings of the stock. Seelaus Asset Management LLC raised its stake in shares of Figma by 6.9% in the third quarter. Seelaus Asset Management LLC now owns 12,217 shares of the company’s stock valued at $257,000 after acquiring an additional 788 shares during the last quarter. Kestra Advisory Services LLC boosted its holdings in shares of Figma by 3.2% in the 3rd quarter. Kestra Advisory Services LLC now owns 25,976 shares of the company’s stock worth $546,000 after acquiring an additional 803 shares in the last quarter. Allen Operations LLC boosted its holdings in shares of Figma by 4.3% in the 1st quarter. Allen Operations LLC now owns 19,596 shares of the company’s stock worth $414,000 after acquiring an additional 813 shares in the last quarter. D.A. Davidson & CO. grew its position in Figma by 9.7% during the 1st quarter. D.A. Davidson & CO. now owns 12,230 shares of the company’s stock worth $259,000 after acquiring an additional 1,085 shares during the last quarter. Finally, Commonwealth Equity Services LLC grew its position in Figma by 2.8% during the 3rd quarter. Commonwealth Equity Services LLC now owns 41,617 shares of the company’s stock worth $875,000 after acquiring an additional 1,133 shares during the last quarter.

Key Stories Impacting Figma

Here are the key news stories impacting Figma this week:

• Positive Sentiment: Q3 revenue rose 42.8% year over year to $391.4 million, while adjusted earnings of $0.10 per share topped estimates. Figma also raised its 2026 revenue outlook to $1.497 billion–$1.499 billion and forecast Q4 revenue of $402 million–$404 million. Figma Q3 earnings report
• Positive Sentiment: Figma said repricing AI credits lifted user utilization by 40%, offering a potential path to monetize growing AI usage. The company is also developing its own design model, which could help it manage costs over time. Figma: 3 Key Takeaways for Long-Term Investors
• Neutral Sentiment: Two executives reported share sales: the transactions were made under pre-arranged Rule 10b5-1 plans, and each executive retained a substantial holding, tempering the signal from the sales. SEC filing
• Negative Sentiment: The main concern is that expanding AI features and models are expensive to deliver, potentially weighing on margins even as usage rises. That concern appears to have outweighed the earnings beat and stronger outlook in the market reaction. Figma stock falls as investors worry AI momentum comes at a high price
• Negative Sentiment: JPMorgan and Royal Bank of Canada each cut their price target to $24 from $28, while keeping neutral/sector-perform ratings. The reductions add to cautious sentiment following the results. JPMorgan analyst rating

Figma Company Profile

Figma, Inc (NYSE: FIG) develops collaborative software for designing digital products and user experiences. Its browser-based platform enables teams to create, prototype, review and manage designs in real time, supporting collaboration among designers, developers, product managers and other stakeholders.

The company’s product portfolio includes Figma Design, a collaborative interface-design and prototyping tool; FigJam, an online whiteboard for brainstorming and planning; and Dev Mode, which helps developers inspect designs and translate them into software.