Brendan Mulligan Sells 5,227 Shares of Figma (NYSE:FIG) Stock

Figma, Inc. (NYSE:FIG) General Counsel Brendan Mulligan sold 5,227 shares of the business’s stock in a transaction that occurred on Thursday, February 19th. The stock was sold at an average price of $26.00, for a total value of $135,902.00. Following the transaction, the general counsel owned 845,262 shares of the company’s stock, valued at approximately $21,976,812. This represents a 0.61% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

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

• On Tuesday, February 10th, Brendan Mulligan sold 5,227 shares of Figma stock. The shares were sold at an average price of $25.00, for a total value of $130,675.00.
• On Monday, February 2nd, Brendan Mulligan sold 7,671 shares of Figma stock. The stock was sold at an average price of $24.86, for a total value of $190,701.06.
• On Thursday, January 15th, Brendan Mulligan sold 5,666 shares of Figma stock. The shares were sold at an average price of $32.02, for a total value of $181,425.32.
• 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 transaction of $211,058.50.
• On Friday, January 2nd, Brendan Mulligan sold 6,793 shares of Figma stock. The stock was sold at an average price of $37.21, for a total transaction of $252,767.53.
• On Monday, December 15th, Brendan Mulligan sold 4,392 shares of Figma stock. The shares were 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 stock was 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 stock was sold at an average price of $35.45, for a total transaction of $331,209.35.

Figma Price Performance

Figma stock opened at $27.41 on Wednesday. Figma, Inc. has a 12-month low of $19.85 and a 12-month high of $142.92. The stock has a market capitalization of $12.09 billion and a PE ratio of -8.79. The firm has a 50 day simple moving average of $30.55 and a 200-day simple moving average of $45.39.

Figma (NYSE:FIG) last released its earnings results on Wednesday, February 18th. The company reported $0.08 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.20) by $0.28. The firm had revenue of $303.78 million during the quarter. Figma had a negative return on equity of 97.03% and a negative net margin of 121.87%.The business’s revenue for the quarter was up 40.1% compared to the same quarter last year.

Hedge Funds Weigh In On Figma

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Whittier Trust Co. of Nevada Inc. bought a new stake in Figma in the third quarter worth approximately $26,000. NewEdge Advisors LLC bought a new position in shares of Figma during the 3rd quarter valued at $26,000. DV Equities LLC acquired a new stake in shares of Figma in the 4th quarter valued at $26,000. Concord Wealth Partners boosted its holdings in Figma by 1,446.8% in the fourth quarter. Concord Wealth Partners now owns 727 shares of the company’s stock worth $27,000 after purchasing an additional 680 shares in the last quarter. Finally, Harbour Investments Inc. increased its position in Figma by 1,568.2% during the fourth quarter. Harbour Investments Inc. now owns 734 shares of the company’s stock worth $27,000 after buying an additional 690 shares during the last quarter.

Key Stories Impacting Figma

Here are the key news stories impacting Figma this week:

• Positive Sentiment: Director Andrew Phillips Reed made large, disclosed purchases this week totaling roughly 1.47M shares (~$36M at the reported averages), boosting his stake >160% — a strong insider-confidence signal that likely contributed to buying interest. SEC Form 4 — Reed purchases
• Positive Sentiment: ARK Invest (Cathie Wood) purchased ≈$11.8M of Figma shares as part of a broader tech/AI buy; institutional buying from a prominent active manager can spark momentum trading and attract other growth-focused funds. Why Figma Stock Popped Today
• Positive Sentiment: Recent quarterly results showed an EPS beat and solid revenue growth (revenue +40.1% y/y), reinforcing the growth narrative and giving fundamental support to the rally. MarketBeat — FIG company summary & earnings
• Neutral Sentiment: Coverage of Figma’s new AI pricing highlights tradeoffs between usage, monetization and valuation — this could be positive if it drives adoption/revenue or negative if it limits usage; investors are parsing details. Figma’s New AI Pricing Puts Usage And Valuation In Sharper Focus
• Neutral Sentiment: Company insiders (General Counsel Brendan Mulligan and CAO Tyler Herb) reported small sales (several thousand shares each) — routine executive selling and diversification that appears immaterial relative to the large director buys but gets noticed by the market. Mulligan Form 4 — insider sale
• Negative Sentiment: Several analysts trimmed price targets (Wells Fargo, RBC, Stifel among others) and the consensus remains a “Hold” with a mid‑$40s average target — downward revisions can cap near‑term upside and add selling pressure for momentum traders. MarketBeat — analyst notes

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the stock. The Goldman Sachs Group set a $35.00 price objective on shares of Figma in a research note on Thursday, February 19th. Wells Fargo & Company decreased their price target on shares of Figma from $52.00 to $42.00 and set an “overweight” rating on the stock in a research report on Thursday, February 19th. Morgan Stanley set a $44.00 price target on Figma in a report on Thursday, February 19th. JPMorgan Chase & Co. reduced their price objective on Figma from $65.00 to $60.00 and set a “neutral” rating for the company in a research note on Thursday, November 6th. Finally, Royal Bank Of Canada decreased their target price on Figma from $38.00 to $31.00 and set a “sector perform” rating on the stock in a report on Thursday, February 19th. Four equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Figma presently has a consensus rating of “Hold” and a consensus price target of $43.25.

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.