Brendan Mulligan Sells 6,793 Shares of Figma (NYSE:FIG) Stock

Figma, Inc. (NYSE:FIG) General Counsel Brendan Mulligan sold 6,793 shares of the firm’s stock in a transaction dated Friday, January 2nd. The stock was sold at an average price of $37.21, for a total value of $252,767.53. Following the completion of the transaction, the general counsel owned 874,719 shares of the company’s stock, valued at approximately $32,548,293.99. The trade was a 0.77% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

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

• On Monday, January 5th, Brendan Mulligan sold 5,666 shares of Figma stock. The shares were sold at an average price of $37.25, for a total value of $211,058.50.
• On Monday, December 15th, Brendan Mulligan sold 4,392 shares of Figma stock. The stock was sold at an average price of $34.65, for a total transaction of $152,182.80.
• On Wednesday, December 3rd, Brendan Mulligan sold 4,392 shares of Figma stock. The shares were sold at an average price of $36.68, for a total transaction of $161,098.56.
• On Monday, December 1st, Brendan Mulligan sold 9,343 shares of Figma stock. The shares were sold at an average price of $35.45, for a total transaction of $331,209.35.
• On Monday, November 17th, Brendan Mulligan sold 4,299 shares of Figma stock. The stock was sold at an average price of $37.29, for a total transaction of $160,309.71.
• 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 transaction 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 transaction 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 transaction of $458,867.42.

Figma Price Performance

Shares of FIG opened at $37.34 on Thursday. The stock’s 50-day moving average is $39.05. The firm has a market cap of $15.53 billion and a P/E ratio of -13.93. Figma, Inc. has a fifty-two week low of $32.83 and a fifty-two week high of $142.92.

Figma (NYSE:FIG) last issued its earnings results on Wednesday, November 5th. The company reported $0.10 EPS for the quarter, topping analysts’ consensus estimates of ($1.56) by $1.66. The firm had revenue of $274.17 million for the quarter. Figma had a negative return on equity of 84.34% and a negative net margin of 99.32%.The firm’s quarterly revenue was up 38.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.04 EPS.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Whittier Trust Co. of Nevada Inc. acquired a new position in shares of Figma during the third quarter valued at approximately $26,000. NewEdge Advisors LLC purchased a new stake in shares of Figma during the third quarter worth approximately $26,000. Wilmington Savings Fund Society FSB acquired a new position in Figma in the 3rd quarter valued at $27,000. Sunbelt Securities Inc. purchased a new position in Figma in the 3rd quarter valued at $30,000. Finally, US Bancorp DE purchased a new position in Figma in the 3rd quarter valued at $31,000.

Key Headlines Impacting Figma

Here are the key news stories impacting Figma this week:

• Positive Sentiment: Strong fundamentals: Figma reported better‑than‑expected quarterly results (Nov. 5) — $0.10 EPS vs. a large consensus miss, and revenue of $274.2M, up ~38% year‑over‑year — evidence of continued user and revenue growth. Figma stock summary and earnings
• Positive Sentiment: Product momentum / ecosystem activity: new how‑to and demo content (Design→production code with Figma MCP, tutorials) highlights continued product adoption and developer/designer engagement — supportive long‑term demand even if not market moving short term. Design to production code with Figma MCP
• Neutral Sentiment: Analyst stance: Stifel Nicolaus initiated coverage with a Hold, reflecting balanced view on growth vs. AI / valuation uncertainty; the consensus remains a Hold with an average target around $59, signaling limited near‑term upside in analysts’ view. Stifel Hold initiation (TipRanks)
• Negative Sentiment: Price target cut: RBC Capital cut its target to $38 (from $65), a notable downward revision that likely reduced investor expectations for near‑term upside. RBC price target lowered to $38
• Negative Sentiment: Heavy insider selling: multiple senior executives disclosed open‑market sales in early January (CTO sold ~181k shares, CFO/CRO/GC/CAO also sold smaller blocks). Large insider sales can weigh on sentiment by signaling diversification or liquidity needs. SEC filing for a large CTO sale: CTO Form 4 filing and CAO sale summary: InsiderTrades CAO sale alert

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on FIG. Wells Fargo & Company lowered their price target on shares of Figma from $70.00 to $52.00 and set an “equal weight” rating on the stock in a report on Wednesday, November 5th. Royal Bank Of Canada lowered their target price on shares of Figma from $65.00 to $38.00 and set a “sector perform” rating on the stock in a research note on Monday. JPMorgan Chase & Co. cut their price target on Figma from $65.00 to $60.00 and set a “neutral” rating for the company in a research note on Thursday, November 6th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Figma in a report on Monday, December 29th. Finally, The Goldman Sachs Group raised their price objective on Figma from $49.00 to $54.00 and gave the company a “neutral” rating in a report on Friday, November 7th. Three equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $56.63.

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.