Figma (NYSE:FIG) CTO Kris Rasmussen Sells 73,738 Shares

Figma, Inc. (NYSE:FIG) CTO Kris Rasmussen sold 73,738 shares of the firm’s stock in a transaction that occurred on Monday, November 3rd. The shares were sold at an average price of $48.17, for a total transaction of $3,551,959.46. Following the completion of the transaction, the chief technology officer directly owned 11,378,919 shares of the company’s stock, valued at $548,122,528.23. This represents a 0.64% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Figma Stock Down 4.1%

NYSE:FIG opened at $43.94 on Thursday. The company has a fifty day moving average of $56.48. Figma, Inc. has a 12-month low of $43.80 and a 12-month high of $142.92.

Figma (NYSE:FIG) last released its earnings results on Wednesday, September 3rd. The company reported ($0.07) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.15). The company had revenue of $249.64 million during the quarter, compared to analysts’ expectations of $248.97 million. Figma has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. William Blair reiterated an “outperform” rating on shares of Figma in a research note on Thursday, September 4th. Weiss Ratings started coverage on shares of Figma in a research report on Friday, October 24th. They set a “sell (d)” rating for the company. Zacks Research raised shares of Figma to a “hold” rating in a research report on Thursday, August 21st. JPMorgan Chase & Co. initiated coverage on shares of Figma in a research report on Monday, August 25th. They set a “neutral” rating and a $65.00 price objective for the company. Finally, Morgan Stanley decreased their price target on Figma from $80.00 to $70.00 and set an “equal weight” rating for the company in a report on Thursday, September 4th. Three research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $64.86.

Institutional Investors Weigh In On Figma

A number of institutional investors and hedge funds have recently bought and sold shares of FIG. Baillie Gifford & Co. purchased a new stake in shares of Figma in the 3rd quarter valued at about $154,242,000. Sumitomo Mitsui Trust Group Inc. purchased a new stake in shares of Figma in the 3rd quarter valued at about $11,075,000. Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of Figma in the 3rd quarter valued at about $8,734,000. SG Americas Securities LLC acquired a new stake in shares of Figma in the third quarter valued at approximately $5,815,000. Finally, Rakuten Investment Management Inc. acquired a new stake in shares of Figma in the third quarter valued at approximately $4,425,000.

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.