Figma (NYSE:FIG) Shares Gap Down After Insider Selling

Figma, Inc. (NYSE:FIG)’s stock price gapped down before the market opened on Thursday after an insider sold shares in the company. The stock had previously closed at $28.15, but opened at $23.23. Figma shares last traded at $23.1730, with a volume of 16,029,670 shares.

Specifically, CFO Praveer Melwani sold 40,000 shares of the firm’s stock in a transaction dated Tuesday, August 4th. The shares were sold at an average price of $26.63, for a total transaction of $1,065,200.00. Following the sale, the chief financial officer directly owned 1,674,544 shares of the company’s stock, valued at $44,593,106.72. This trade represents a 2.33% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CTO Kris Rasmussen sold 196,397 shares of the company’s stock in a transaction dated Tuesday, August 4th. The shares were sold at an average price of $25.53, for a total transaction of $5,014,015.41. Following the transaction, the chief technology officer directly owned 9,234,587 shares of the company’s stock, valued at approximately $235,759,006.11. This represents a 2.08% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In other news, CRO Shaunt Voskanian sold 30,000 shares of the company’s stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $27.91, for a total transaction of $837,300.00. Following the completion of the sale, the executive directly owned 1,698,620 shares in the company, valued at $47,408,484.20. This represents a 1.74% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Analyst Ratings Changes

Several research analysts recently commented on the stock. Bank of America assumed coverage on shares of Figma in a report on Tuesday, July 7th. They issued a “buy” rating and a $30.00 price target on the stock. Stifel Nicolaus set a $25.00 price target on Figma in a research note on Friday, May 15th. JPMorgan Chase & Co. reduced their price objective 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. Royal Bank Of Canada reissued a “sector perform” rating on shares of Figma in a research report on Thursday. Finally, Wells Fargo & Company cut their target price on shares of Figma from $42.00 to $36.00 and set an “overweight” rating on the stock in a report on Friday, June 26th. Five analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $32.22.

Key Headlines Impacting Figma

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 expectations. Net dollar retention reached 136%, indicating strong customer expansion and platform engagement. Figma second-quarter earnings
• Positive Sentiment: Management raised its fiscal 2026 revenue outlook to approximately $1.463 billion-$1.467 billion and expects third-quarter revenue of $373 million-$375 million. AI-powered features and credit monetization are viewed by bullish analysts as potential drivers of additional growth and customer usage. Figma fiscal 2026 outlook
• Neutral Sentiment: Several executives, including the CFO, CTO, CRO and CAO, sold shares under pre-arranged Rule 10b5-1 trading plans. Because the sales represented relatively small portions of their remaining holdings and were scheduled transactions, they provide limited insight into management’s current outlook. Figma insider transactions
• Negative Sentiment: The primary pressure on the stock is Figma’s aggressive AI investment. Higher AI-related costs and gross margin of about 85%, down from the prior year, are raising concerns about near-term profitability and operating leverage. Investors are also wary of decelerating revenue growth, possible AI disruption to Figma’s core design market and executive departures. These concerns led some analysts to downgrade the shares despite the earnings beat. Figma AI costs and margins

Figma Price Performance

The stock’s 50 day simple moving average is $21.70 and its 200-day simple moving average is $22.77. The stock has a market capitalization of $10.60 billion and a price-to-earnings ratio of -6.40.

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

Institutional Trading of Figma

Several hedge funds have recently added to or reduced their stakes in FIG. Gladstone Capital Management LLP boosted its position in shares of Figma by 2.9% in the fourth quarter. Gladstone Capital Management LLP now owns 17,081 shares of the company’s stock valued at $638,000 after acquiring an additional 481 shares during the period. NewEdge Advisors LLC acquired a new stake in Figma during the third quarter worth $26,000. Wilmington Savings Fund Society FSB bought a new stake in Figma in the 3rd quarter valued at $27,000. Charles Schwab Investment Management Inc. increased its holdings in Figma by 3.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 15,212 shares of the company’s stock valued at $568,000 after buying an additional 559 shares during the period. Finally, Sunbelt Securities Inc. acquired a new position in Figma in the third quarter worth about $30,000.

Figma Company Profile

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.