Figma (NYSE:FIG) Hits New 52-Week Low on Insider Selling

Figma, Inc. (NYSE:FIG) hit a new 52-week low during mid-day trading on Thursday after an insider sold shares in the company. The stock traded as low as $19.85 and last traded at $22.47, with a volume of 24151286 shares. The stock had previously closed at $21.39.

Specifically, General Counsel Brendan Mulligan sold 7,671 shares of the business’s stock in a transaction that occurred on Monday, February 2nd. The stock was sold at an average price of $24.86, for a total value of $190,701.06. Following the sale, the general counsel owned 855,716 shares in the company, valued at approximately $21,273,099.76. The trade was a 0.89% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CRO Shaunt Voskanian sold 3,828 shares of Figma stock in a transaction that occurred on Monday, February 2nd. The shares were sold at an average price of $24.86, for a total transaction of $95,164.08. Following the completion of the sale, the executive owned 1,588,735 shares in the company, valued at $39,495,952.10. This trade represents a 0.24% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In other news, CFO Praveer Melwani sold 16,247 shares of the business’s stock in a transaction on Monday, February 2nd. The shares were sold at an average price of $24.86, for a total value of $403,900.42. Following the sale, the chief financial officer owned 1,550,298 shares of the company’s stock, valued at $38,540,408.28. The trade was a 1.04% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. Stifel Nicolaus initiated coverage on shares of Figma in a research report on Wednesday, January 7th. They issued a “hold” rating and a $40.00 target price for the company. Weiss Ratings restated a “sell (e+)” rating on shares of Figma in a report on Monday, December 29th. Morgan Stanley lowered their target price on Figma from $65.00 to $48.00 and set an “equal weight” rating on the stock in a research report on Thursday, January 15th. Wells Fargo & Company raised Figma from an “equal weight” rating to an “overweight” rating and set a $52.00 price target for the company in a research report on Thursday, January 8th. Finally, The Goldman Sachs Group initiated coverage on Figma in a research report on Monday, January 12th. They set a “neutral” rating and a $40.00 price target on the stock. Four research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $47.75.

Figma News Roundup

Here are the key news stories impacting Figma this week:

• Positive Sentiment: Retail interest — Figma has fallen sharply YTD and some retail traders see the pullback as a buying opportunity, which can support short-term demand. Article Title
• Neutral Sentiment: Product/strategy — Figma is pushing AI into its core with “Weave,” which is a longer-term positive for product differentiation but hasn’t yet moved consensus analyst targets. This keeps sentiment mixed while investors evaluate execution. Article Title
• Neutral Sentiment: Analyst repositioning — Some analysts have cut price targets while maintaining constructive ratings, creating short-term volatility but not a unanimous sell signal. Article Title
• Negative Sentiment: Insider selling — Multiple senior executives (GC Brendan Mulligan, CRO Shaunt Voskanian, CFO Praveer Melwani, CTO Kris Rasmussen, CAO Tyler Herb) sold shares on Feb 2 at about $24.86 per share. The volume and timing of those Form 4 filings can be perceived negatively by investors. CTO Form 4
• Negative Sentiment: Competitive/AI pressure — Broader AI leadership (notably from Alphabet/Google) is reshaping expectations for design and productivity tools, creating headwinds for valuation and growth expectations across the sector. Article Title
• Negative Sentiment: Analyst/valuation scrutiny — Coverage notes and valuation checks highlight AI concerns and reduced price targets, which pressured the stock in recent sessions. Article Title

Figma Price Performance

The company’s 50-day moving average is $34.32. The firm has a market capitalization of $9.35 billion and a P/E ratio of -8.38.

Figma (NYSE:FIG) last posted its quarterly earnings results on Wednesday, November 5th. The company reported $0.10 earnings per share for the quarter, beating analysts’ consensus estimates of ($1.56) by $1.66. Figma had a negative return on equity of 84.34% and a negative net margin of 99.32%.The business had revenue of $274.17 million for the quarter. During the same quarter last year, the company posted $0.04 EPS. The firm’s revenue was up 38.0% on a year-over-year basis.

Institutional Trading of Figma

Several hedge funds and other institutional investors have recently modified their holdings of FIG. Makena Capital Management LLC acquired a new position in Figma in the 4th quarter valued at about $1,051,000. International Assets Investment Management LLC acquired a new stake in Figma during the fourth quarter worth approximately $462,000. Diversify Wealth Management LLC bought a new stake in shares of Figma during the fourth quarter worth approximately $2,855,000. RFG Advisory LLC grew its position in shares of Figma by 27.7% in the fourth quarter. RFG Advisory LLC now owns 10,600 shares of the company’s stock valued at $396,000 after purchasing an additional 2,300 shares during the last quarter. Finally, SBI Securities Co. Ltd. increased its stake in shares of Figma by 54.4% during the fourth quarter. SBI Securities Co. Ltd. now owns 24,485 shares of the company’s stock worth $915,000 after purchasing an additional 8,625 shares during the period.

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.