Kris Rasmussen Sells 74,305 Shares of Figma (NYSE:FIG) Stock

Figma, Inc. (NYSE:FIG) CTO Kris Rasmussen sold 74,305 shares of the company’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 $1,847,222.30. Following the transaction, the chief technology officer owned 10,624,343 shares of the company’s stock, valued at approximately $264,121,166.98. This trade represents a 0.69% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Kris Rasmussen also recently made the following trade(s):

• On Monday, January 5th, Kris Rasmussen sold 181,345 shares of Figma stock. The stock was sold at an average price of $37.25, for a total transaction of $6,755,101.25.
• On Friday, January 2nd, Kris Rasmussen sold 14,252 shares of Figma stock. The shares were sold at an average price of $37.21, for a total transaction of $530,316.92.
• On Wednesday, December 3rd, Kris Rasmussen sold 177,387 shares of Figma stock. The stock was sold at an average price of $36.71, for a total transaction of $6,511,876.77.
• On Monday, December 1st, Kris Rasmussen sold 18,211 shares of Figma stock. The shares were sold at an average price of $35.45, for a total transaction of $645,579.95.
• On Wednesday, November 12th, Kris Rasmussen sold 31,715 shares of Figma stock. The shares were sold at an average price of $45.03, for a total transaction of $1,428,126.45.
• On Monday, November 10th, Kris Rasmussen sold 272,789 shares of Figma stock. The stock was sold at an average price of $43.47, for a total value of $11,858,137.83.

Figma Stock Performance

Figma stock opened at $22.17 on Friday. The firm has a 50 day moving average price of $34.04. Figma, Inc. has a 12 month low of $19.85 and a 12 month high of $142.92. The firm has a market cap of $9.22 billion and a PE ratio of -8.27.

Figma (NYSE:FIG) last issued its earnings results on Wednesday, November 5th. The company reported $0.10 EPS for the quarter, beating analysts’ consensus estimates of ($1.56) by $1.66. The business had revenue of $274.17 million during 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 in the previous year, the company posted $0.04 earnings per share.

Wall Street Analyst Weigh In

FIG has been the topic of a number of analyst reports. Weiss Ratings reissued a “sell (e+)” rating on shares of Figma in a research note on Monday, December 29th. Royal Bank Of Canada lowered their price objective on Figma from $65.00 to $38.00 and set a “sector perform” rating on the stock in a research note on Monday, January 5th. Wall Street Zen downgraded Figma from a “hold” rating to a “sell” rating in a research report on Saturday, January 31st. Morgan Stanley decreased their price target on Figma from $65.00 to $48.00 and set an “equal weight” rating on the stock in a research note on Thursday, January 15th. Finally, The Goldman Sachs Group began coverage on Figma in a research note on Monday, January 12th. They set a “neutral” rating and a $40.00 price objective for the company. Four research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Figma currently has an average rating of “Hold” and a consensus price target of $47.75.

Key Stories Impacting Figma

Here are the key news stories impacting Figma this week:

• Positive Sentiment: Retail dip-buying is creating short-term demand as some individual investors view Figma’s sell-off as a buying opportunity, which can provide temporary support. MSN story
• Positive Sentiment: Macro commentary from industry leaders (Nvidia’s CEO saying AI will augment rather than replace software) is a tailwind for SaaS platforms like Figma and supports the argument that platform vendors can capture AI value. Fool article
• Positive Sentiment: Fundamentals: Figma previously reported revenue growth and an EPS beat in its last quarter (revenue up ~38%), which remains a positive underpinning if growth execution continues. MarketBeat earnings summary
• Neutral Sentiment: Product strategy: Figma is embedding AI (project “Weave”) into the product — a potential long-term differentiator, but investors are waiting for measurable adoption and financial impact before repricing. Yahoo Finance
• Neutral Sentiment: Analyst repositioning and mixed coverage: Several firms have trimmed targets or adjusted coverage, which raises short-term volatility but doesn’t reflect unanimous sell-side consensus. Watch for further revisions. UK Finance/Yahoo
• Negative Sentiment: Clustered insider selling: Multiple senior executives (CFO, CTO, GC, CRO, CAO) disclosed sales on Feb. 2, including large blocks from the CTO and CFO — markets often read clustered executive sales as a near‑term negative for confidence. InsiderTrades alert
• Negative Sentiment: Valuation pressure and competitive AI headwinds: Target cuts and commentary about Alphabet/Google’s AI push have increased sector-wide valuation stress for design/productivity tools, weighing on FIG’s multiple. 247WallStreet

Institutional Investors Weigh In On Figma

A number of large investors have recently bought and sold shares of the business. Voya Investment Management LLC acquired a new stake in Figma during the 3rd quarter valued at $3,412,000. VERITY Wealth Advisors bought a new stake in shares of Figma during the third quarter worth $519,000. Tripletail Wealth Management LLC bought a new stake in shares of Figma during the third quarter worth $53,000. Renaissance Capital LLC acquired a new stake in shares of Figma in the third quarter valued at $2,439,000. Finally, SOA Wealth Advisors LLC. bought a new position in shares of Figma in the third quarter valued at about $39,000.

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.