Insider Selling: Figma (NYSE:FIG) General Counsel Sells 4,299 Shares of Stock

Figma, Inc. (NYSE:FIG) General Counsel Brendan Mulligan sold 4,299 shares of the company’s stock in a transaction dated Monday, November 17th. The shares were sold at an average price of $37.29, for a total value of $160,309.71. Following the completion of the sale, the general counsel directly owned 899,639 shares of the company’s stock, valued at approximately $33,547,538.31. This trade represents a 0.48% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• On Wednesday, November 12th, Brendan Mulligan sold 10,000 shares of Figma stock. The stock was sold at an average price of $45.00, for a total value of $450,000.00.
• On Monday, November 10th, Brendan Mulligan sold 80,934 shares of Figma stock. The shares were sold at an average price of $43.47, for a total value of $3,518,200.98.
• On Monday, November 3rd, Brendan Mulligan sold 9,526 shares of Figma stock. The shares were sold at an average price of $48.17, for a total value of $458,867.42.

Figma Price Performance

Shares of Figma stock traded down $1.07 during trading on Wednesday, reaching $35.69. The company’s stock had a trading volume of 6,558,367 shares, compared to its average volume of 9,999,674. The stock has a 50-day moving average price of $52.50. Figma, Inc. has a fifty-two week low of $35.50 and a fifty-two week high of $142.92.

Figma (NYSE:FIG) last issued its quarterly earnings results on Wednesday, November 5th. The company reported $0.10 earnings per share for the quarter, topping analysts’ consensus estimates of ($1.56) by $1.66. The business had revenue of $274.17 million for the quarter. During the same period in the prior year, the company posted $0.04 EPS. Figma’s revenue for the quarter was up 38.0% compared to the same quarter last year. Figma has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS.

Analyst Ratings Changes

FIG has been the topic of a number of research reports. Bank of America lowered their price target on Figma from $85.00 to $69.00 and set a “buy” rating on the stock in a report on Thursday, September 4th. Wells Fargo & Company decreased their price objective on Figma from $70.00 to $52.00 and set an “equal weight” rating for the company in a research report on Wednesday, November 5th. The Goldman Sachs Group lifted their target price on Figma from $49.00 to $54.00 and gave the company a “neutral” rating in a research note on Friday, November 7th. Royal Bank Of Canada lowered their price objective on Figma from $75.00 to $65.00 and set a “sector perform” rating on the stock in a report on Thursday, September 4th. Finally, Wall Street Zen raised Figma to a “hold” rating in a research note on Saturday, August 9th. Three research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Figma has a consensus rating of “Hold” and a consensus target price of $62.86.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Whittier Trust Co. of Nevada Inc. purchased a new position in Figma in the third quarter valued at about $26,000. NewEdge Advisors LLC acquired a new stake in shares of Figma in the 3rd quarter worth approximately $26,000. Sunbelt Securities Inc. acquired a new stake in shares of Figma in the 3rd quarter worth approximately $30,000. US Bancorp DE purchased a new position in Figma in the 3rd quarter valued at approximately $31,000. Finally, Montag A & Associates Inc. acquired a new position in Figma during the third quarter worth $33,000.

About Figma

Figma is where teams come together to turn ideas into the world’s best digital products and experiences. Every day, billions of people around the world use apps, websites, and other digital experiences that are made in Figma. They’re looking up directions on Google Maps; requesting rides with Uber; checking in for flights on JetBlue; streaming shows on Netflix; learning languages with Duolingo; asking questions of Claude; connecting on LinkedIn; buying goods on Mercado Libre; or booking stays and experiences with Airbnb.