Figma (NYSE:FIG) CTO Kris Rasmussen Sells 196,397 Shares

Figma, Inc. (NYSE:FIG) CTO Kris Rasmussen sold 196,397 shares of the business’s stock in a transaction that occurred on Tuesday, August 4th. The stock was sold at an average price of $25.53, for a total value of $5,014,015.41. Following the completion of the transaction, the chief technology officer owned 9,234,587 shares in the company, valued at $235,759,006.11. The trade was a 2.08% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Kris Rasmussen also recently made the following trade(s):

• On Wednesday, July 29th, Kris Rasmussen sold 261,301 shares of Figma stock. The shares were sold at an average price of $25.07, for a total value of $6,550,816.07.
• On Tuesday, May 19th, Kris Rasmussen sold 327,046 shares of Figma stock. The shares were sold at an average price of $25.07, for a total value of $8,199,043.22.

Figma Trading Down 14.9%

Shares of Figma stock opened at $23.94 on Friday. The business’s fifty day simple moving average is $21.75 and its 200 day simple moving average is $22.76. The firm has a market capitalization of $10.67 billion and a P/E ratio of -6.58. Figma, Inc. has a 12 month low of $16.60 and a 12 month high of $91.00.

Figma (NYSE:FIG) last posted its quarterly earnings data on Wednesday, August 5th. The company reported $0.08 earnings per share for the quarter, topping the consensus estimate of ($0.22) by $0.30. The business had revenue of $370.08 million for the quarter. Figma had a negative return on equity of 100.47% and a negative net margin of 123.15%.The firm’s revenue for the quarter was up 48.2% on a year-over-year basis. During the same period in the prior year, the firm posted $0.09 EPS. Analysts predict that Figma, Inc. will post -0.79 EPS for the current fiscal year.

Institutional Investors Weigh In On Figma

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. NewEdge Advisors LLC bought a new position in Figma during the third quarter worth about $26,000. Wilmington Savings Fund Society FSB purchased a new stake in shares of Figma during the 3rd quarter valued at approximately $27,000. Sunbelt Securities Inc. purchased a new stake in shares of Figma during the 3rd quarter valued at approximately $30,000. US Bancorp DE bought a new position in Figma in the 3rd quarter worth approximately $31,000. Finally, CIBC Private Wealth Group LLC bought a new position in Figma in the 3rd quarter worth approximately $33,000.

Analyst Ratings Changes

A number of research firms recently issued reports on FIG. Stifel Nicolaus set a $25.00 price objective on shares of Figma in a report on Friday, May 15th. JPMorgan Chase & Co. dropped their target price on shares of Figma from $45.00 to $42.00 and set a “neutral” rating on the stock in a research note on Friday, May 15th. BTIG Research started coverage on shares of Figma in a research note on Monday, April 13th. They set a “neutral” rating for the company. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Figma in a report on Tuesday, May 19th. Finally, Wells Fargo & Company dropped their price objective on Figma from $42.00 to $36.00 and set an “overweight” rating on the stock in a research note on Friday, June 26th. Five investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $32.00.

Figma News Summary

Here are the key news stories impacting Figma this week:

• Positive Sentiment: Figma reported second-quarter revenue of $370.1 million, up 48.2% year over year, and adjusted earnings of $0.08 per share, exceeding analyst expectations. Customer growth and net dollar retention also remained strong. Figma second-quarter financial results
• Positive Sentiment: Management raised its full-year 2026 revenue forecast, with reported guidance of approximately $1.463 billion to $1.467 billion, while third-quarter revenue guidance of $373 million to $375 million exceeded consensus estimates. Demand for Figma’s design software and AI-enabled tools continues to support growth. Figma 2026 revenue outlook
• Neutral Sentiment: Figma’s CFO, CTO and chief revenue officer reported stock sales totaling roughly $7.3 million. The transactions were executed under pre-arranged Rule 10b5-1 plans, and each executive retained a substantial position, reducing their significance as a direct signal about company fundamentals. Figma insider trading filings
• Negative Sentiment: Investors were concerned that AI monetization is requiring substantial investment. AI-related costs rose sharply, while gross margin contracted year over year to 85%. Management also expects revenue growth to decelerate in the third quarter and for the full year, raising questions about whether AI-driven growth will justify the company’s elevated valuation. Figma AI costs and margins
• Negative Sentiment: A Seeking Alpha analyst downgraded Figma to Sell, citing weakening business momentum, margin pressure and the possibility that artificial intelligence could disrupt parts of Figma’s core design software market. Figma rating downgrade

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.