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

Figma, Inc. (NYSE:FIG) General Counsel Brendan Mulligan sold 11,599 shares of the company’s stock in a transaction dated Tuesday, November 3rd. The stock was sold at an average price of $21.30, for a total transaction of $247,058.70. Following the completion of the transaction, the general counsel owned 555,656 shares of the company’s stock, valued at approximately $11,835,472.80. This trade represents a 2.04% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 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 transaction 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 stock was sold at an average price of $29.79, for a total value of $6,303,534.21.

Figma Price Performance

FIG stock traded down $3.75 on Thursday, reaching $18.38. The company’s stock had a trading volume of 29,887,753 shares, compared to its average volume of 16,811,639. Figma, Inc. has a 52 week low of $16.60 and a 52 week high of $46.79. The company has a market capitalization of $8.36 billion, a P/E ratio of -5.05 and a beta of 1.17. The firm has a fifty day moving average of $23.03 and a two-hundred day moving average of $23.06.

Figma (NYSE:FIG) last posted its earnings results on Wednesday, November 4th. The company reported $0.10 EPS for the quarter, beating the consensus estimate of ($0.22) by $0.32. The firm had revenue of $391.42 million for the quarter. Figma had a negative return on equity of 100.03% and a negative net margin of 123.15%. The firm’s revenue was up 42.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.10 earnings per share. As a group, equities analysts expect that Figma, Inc. will post -0.75 EPS for the current fiscal year.

Analysts Set New Price Targets

FIG has been the subject of a number of recent analyst reports. Weiss Ratings upgraded shares of Figma from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Tuesday, October 6th. Piper Sandler restated an “overweight” rating on shares of Figma in a research report on Monday, October 26th. Oppenheimer reaffirmed a “market perform” rating on shares of Figma in a research note on Thursday. Bank of America increased their price objective on shares of Figma from $30.00 to $33.00 and gave the company a “buy” rating in a report on Wednesday, August 19th. Finally, Wells Fargo & Company lowered their price objective on shares of Figma from $34.00 to $30.00 and set an “overweight” rating on the stock in a research note on Monday, October 12th. Four investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $30.70.

Figma News Summary

Here are the key news stories impacting Figma this week:

• Positive Sentiment: Third-quarter revenue rose 43% year over year to about $391 million, and earnings per share of $0.10 topped estimates. Figma also raised its 2026 revenue outlook to $1.497 billion–$1.499 billion and forecast fourth-quarter revenue of $402 million–$404 million. Figma outlook
• Positive Sentiment: Figma says repricing AI credit add-ons increased user utilization by 40%. Monetizing AI features and developing an in-house design model could support future growth and improve margins. Reuters report on AI credits and in-house model
• Neutral Sentiment: Royal Bank of Canada lowered its price target to $24 from $28 and maintained a “sector perform” rating. The revised target remains above the share price cited in the report. Royal Bank of Canada rating
• Negative Sentiment: Despite the earnings beat and higher guidance, investors are concerned that AI models and agents are expensive to build and operate. The near-term cost of these investments may weigh on profitability before the benefits are fully realized. MarketWatch on AI costs and investor concerns

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Greylock XIV GP LLC acquired a new position in Figma during the second quarter worth about $1,056,824,403. SC US Ttgp LTD. lifted its holdings in Figma by 5.8% in the 1st quarter. SC US Ttgp LTD. now owns 26,728,171 shares of the company’s stock valued at $565,034,000 after acquiring an additional 1,466,851 shares during the last quarter. Bank of America Corp DE lifted its holdings in Figma by 428.1% in the 1st quarter. Bank of America Corp DE now owns 4,180,575 shares of the company’s stock valued at $88,377,000 after acquiring an additional 3,388,902 shares during the last quarter. Pictet Asset Management Holding SA boosted its position in shares of Figma by 26,445.4% during the 3rd quarter. Pictet Asset Management Holding SA now owns 3,072,370 shares of the company’s stock valued at $64,581,000 after purchasing an additional 3,060,796 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership bought a new position in shares of Figma during the 1st quarter valued at about $36,600,000.

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.