Praveer Melwani Sells 11,880 Shares of Figma (NYSE:FIG) Stock

Figma, Inc. (NYSE:FIG) CFO Praveer Melwani sold 11,880 shares of the company’s stock in a transaction dated Friday, January 2nd. The shares were sold at an average price of $37.21, for a total transaction of $442,054.80. Following the transaction, the chief financial officer directly owned 1,566,545 shares of the company’s stock, valued at approximately $58,291,139.45. This represents a 0.75% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Praveer Melwani also recently made the following trade(s):

• On Monday, December 22nd, Praveer Melwani sold 11,137 shares of Figma stock. The stock was sold at an average price of $40.01, for a total transaction of $445,591.37.
• On Monday, December 22nd, Praveer Melwani sold 12,714 shares of Figma stock. The shares were sold at an average price of $40.01, for a total transaction of $508,687.14.
• On Monday, December 1st, Praveer Melwani sold 15,781 shares of Figma stock. The stock was sold at an average price of $35.45, for a total transaction of $559,436.45.
• On Wednesday, November 12th, Praveer Melwani sold 10,000 shares of Figma stock. The shares were sold at an average price of $45.00, for a total transaction of $450,000.00.
• On Monday, November 10th, Praveer Melwani sold 13,000 shares of Figma stock. The shares were sold at an average price of $43.46, for a total transaction of $564,980.00.
• On Monday, November 10th, Praveer Melwani sold 14,532 shares of Figma stock. The stock was sold at an average price of $43.47, for a total value of $631,706.04.
• On Monday, November 3rd, Praveer Melwani sold 16,092 shares of Figma stock. The stock was sold at an average price of $48.17, for a total value of $775,151.64.

Figma Stock Down 0.4%

Shares of Figma stock opened at $37.34 on Thursday. The firm has a fifty day moving average price of $39.05. Figma, Inc. has a twelve month low of $32.83 and a twelve month high of $142.92. The firm has a market capitalization of $15.53 billion and a PE ratio of -13.93.

Figma (NYSE:FIG) last released its quarterly earnings data on Wednesday, November 5th. The company reported $0.10 EPS for the quarter, topping analysts’ consensus estimates of ($1.56) by $1.66. The company 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 business’s revenue for the quarter was up 38.0% compared to the same quarter last year. During the same quarter last year, the business earned $0.04 earnings per share.

Hedge Funds Weigh In On Figma

A number of institutional investors and hedge funds have recently added to or reduced their stakes in FIG. Voya Investment Management LLC bought a new position in shares of Figma during the third quarter worth about $3,412,000. Renaissance Capital LLC acquired a new stake in Figma during the third quarter valued at approximately $2,439,000. Signaturefd LLC bought a new position in Figma during the 3rd quarter worth approximately $1,235,000. Sumitomo Mitsui Trust Group Inc. acquired a new position in shares of Figma in the 3rd quarter worth approximately $11,075,000. Finally, Elite Wealth Management Inc. acquired a new position in shares of Figma in the 3rd quarter worth approximately $1,333,000.

Trending Headlines about 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

Analyst Upgrades and Downgrades

FIG has been the subject of several research reports. Wells Fargo & Company decreased their price objective on shares of Figma from $70.00 to $52.00 and set an “equal weight” rating for the company in a research note on Wednesday, November 5th. Stifel Nicolaus set a $40.00 price target on shares of Figma in a research report on Wednesday. JPMorgan Chase & Co. cut their price objective on Figma from $65.00 to $60.00 and set a “neutral” rating on the stock in a research report on Thursday, November 6th. Weiss Ratings restated a “sell (e+)” rating on shares of Figma in a research note on Monday, December 29th. Finally, Royal Bank Of Canada lowered their target price on Figma from $65.00 to $38.00 and set a “sector perform” rating for the company in a research note on Monday. Three 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. According to 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.