Kris Rasmussen Sells 179,331 Shares of Figma (NYSE:FIG) Stock

Figma, Inc. (NYSE:FIG) CTO Kris Rasmussen sold 179,331 shares of the firm’s stock in a transaction that occurred on Tuesday, March 3rd. The shares were sold at an average price of $29.80, for a total transaction of $5,344,063.80. Following the completion of the sale, the chief technology officer directly owned 10,169,178 shares in the company, valued at $303,041,504.40. This represents a 1.73% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

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

• On Wednesday, February 25th, Kris Rasmussen sold 51,359 shares of Figma stock. The shares were sold at an average price of $30.00, for a total transaction of $1,540,770.00.
• On Tuesday, February 10th, Kris Rasmussen sold 205,438 shares of Figma stock. The stock was sold at an average price of $25.01, for a total transaction of $5,138,004.38.
• On Monday, February 2nd, Kris Rasmussen sold 74,305 shares of Figma stock. The stock was sold at an average price of $24.86, for a total transaction of $1,847,222.30.
• On Monday, January 5th, Kris Rasmussen sold 181,345 shares of Figma stock. The shares were 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 stock was sold at an average price of $37.21, for a total transaction of $530,316.92.

Figma Stock Performance

NYSE FIG opened at $29.09 on Friday. Figma, Inc. has a 52-week low of $19.85 and a 52-week high of $142.92. The company has a fifty day moving average of $29.20 and a 200-day moving average of $43.07. The company has a market capitalization of $12.83 billion and a P/E ratio of -9.32.

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

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the company. Weiss Ratings reissued a “sell (e+)” rating on shares of Figma in a report on Monday, December 29th. Wall Street Zen upgraded shares of Figma from a “sell” rating to a “hold” rating in a research report on Sunday, February 8th. Barclays raised shares of Figma to a “neutral” rating in a research note on Thursday, January 8th. Piper Sandler restated an “overweight” rating and issued a $35.00 price objective on shares of Figma in a report on Thursday, February 19th. Finally, Morgan Stanley set a $44.00 price objective on shares of Figma in a research note 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’s stock. According to data from MarketBeat, Figma has an average rating of “Hold” and a consensus price target of $43.25.

Key Headlines Impacting Figma

Here are the key news stories impacting Figma this week:

• Positive Sentiment: Figma is accelerating its AI push (Figma Make, ChatGPT/Anthropic integrations) and positioning the platform as an enterprise product‑development hub — a structural growth thesis that could raise ARPU and strengthen retention if adoption continues. Figma Leans On AI To Evolve Into Enterprise Product Development Hub
• Positive Sentiment: Recent fundamentals back growth: Q4 beat on EPS and ~40% YoY revenue growth; analysts and bulls highlight improving user metrics (strong net retention, rising high‑ARR customers) tied to AI features. These results support a longer‑term growth story despite negative margins today. Quarterly results and revenue growth
• Neutral Sentiment: Valuation and momentum are under scrutiny after a ~41.7% monthly rally — some investors are reassessing gains versus narrative fair value, which increases near‑term volatility even as product progress continues. Is It Time To Reassess Figma (FIG) After Its Recent 41.7% Monthly Rally?
• Neutral Sentiment: Analyst coverage is mixed: price targets and ratings vary (consensus around “Hold” with mid‑$40s target), and institutional investors hold sizable stakes — this creates divergent near‑term views that can amplify moves both ways. Zacks: Figma’s AI Strategy
• Negative Sentiment: Significant insider selling is the clearest near‑term negative: CTO Kris Rasmussen sold ~179,331 shares (~$5.3M) and other senior officers (CAO Tyler Herb, general counsel) sold smaller stakes in early March. Large, repeated insider disposals are pressuring sentiment and likely the main driver of today’s downward move. Insider selling details

Hedge Funds Weigh In On Figma

A number of large investors have recently bought and sold shares of FIG. SC US Ttgp LTD. purchased a new stake in shares of Figma during the third quarter valued at approximately $1,310,305,000. ICONIQ Capital LLC purchased a new position in shares of Figma in the third quarter worth $1,108,879,000. a16z Capital Management L.L.C. purchased a new position in shares of Figma in the third quarter worth $842,687,000. JPMorgan Chase & Co. raised its holdings in Figma by 119.4% during the 4th quarter. JPMorgan Chase & Co. now owns 6,643,939 shares of the company’s stock valued at $248,284,000 after buying an additional 3,615,198 shares during the last quarter. Finally, Baillie Gifford & Co. raised its holdings in Figma by 93.8% during the 4th quarter. Baillie Gifford & Co. now owns 5,763,613 shares of the company’s stock valued at $215,386,000 after buying an additional 2,789,986 shares during the last quarter.

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.