Figma (NYSE:FIG) CTO Kris Rasmussen Sells 327,046 Shares of Stock

Figma, Inc. (NYSE:FIG) CTO Kris Rasmussen sold 327,046 shares of the stock in a transaction that occurred on Tuesday, May 19th. The shares were sold at an average price of $25.07, for a total transaction of $8,199,043.22. Following the sale, the chief technology officer directly owned 9,771,529 shares of the company’s stock, valued at $244,972,232.03. This represents a 3.24% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Tuesday, March 3rd, Kris Rasmussen sold 179,331 shares of Figma stock. The shares were sold at an average price of $29.80, for a total transaction of $5,344,063.80.
• 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.

Figma Stock Performance

NYSE:FIG opened at $21.55 on Friday. The company has a market capitalization of $9.60 billion and a PE ratio of -6.28. The company has a 50 day simple moving average of $21.04 and a two-hundred day simple moving average of $29.05. Figma, Inc. has a fifty-two week low of $16.60 and a fifty-two week high of $142.92.

Figma (NYSE:FIG) last released its earnings results on Thursday, May 14th. The company reported $0.10 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.17) by $0.27. The business had revenue of $333.44 million during the quarter. Figma had a negative net margin of 123.83% and a negative return on equity of 98.51%. Figma’s revenue was up 46.1% on a year-over-year basis. Research analysts predict that Figma, Inc. will post -0.69 EPS for the current year.

Figma News Summary

Here are the key news stories impacting Figma this week:

• Positive Sentiment: Figma has been highlighted in a bullish contrarian note as an overlooked AI-related growth stock, which could support investor interest if the market rotates back toward high-growth software names. Article Title
• Positive Sentiment: Recent product updates show Figma pushing AI deeper into its design workflow, including an AI assistant/agent embedded in the collaborative canvas, which may strengthen its platform appeal and long-term growth narrative. Article Title
• Neutral Sentiment: Several insider sales were executed under Rule 10b5-1 plans, suggesting the trades were pre-scheduled rather than a direct statement on near-term business conditions.
• Negative Sentiment: CTO Kris Rasmussen sold 327,046 shares, and General Counsel Brendan Mulligan sold 18,741 shares, adding to the recent stream of insider selling and potentially pressuring sentiment around the stock. Article Title
• Negative Sentiment: CAO Tyler Herb also sold shares earlier in the week, reinforcing the impression that insiders have been trimming positions while the stock remains well below its 200-day average.

Hedge Funds Weigh In On Figma

A number of large investors have recently modified their holdings of FIG. Parallel Advisors LLC lifted its holdings in shares of Figma by 3,890.0% in the 1st quarter. Parallel Advisors LLC now owns 1,197 shares of the company’s stock worth $25,000 after purchasing an additional 1,167 shares in the last quarter. Whittier Trust Co. of Nevada Inc. bought a new position in Figma during the 3rd quarter valued at $26,000. NewEdge Advisors LLC bought a new position in Figma during the 3rd quarter valued at $26,000. DV Equities LLC bought a new position in Figma during the 4th quarter valued at $26,000. Finally, Concord Wealth Partners lifted its stake in Figma by 1,446.8% during the 4th quarter. Concord Wealth Partners now owns 727 shares of the company’s stock valued at $27,000 after acquiring an additional 680 shares in the last quarter.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. The Goldman Sachs Group set a $35.00 target price on shares of Figma in a research report on Thursday, February 19th. JPMorgan Chase & Co. reduced their price objective on shares of Figma from $45.00 to $42.00 and set a “neutral” rating for the company in a research report on Friday, May 15th. Morgan Stanley reduced their price objective on shares of Figma from $44.00 to $38.00 and set an “equal weight” rating for the company in a research report on Friday, May 15th. Piper Sandler reaffirmed an “overweight” rating and set a $30.00 price objective (down from $35.00) on shares of Figma in a research report on Friday, May 15th. Finally, Royal Bank Of Canada reduced their price objective on shares of Figma from $31.00 to $28.00 and set a “sector perform” rating for the company in a research report on Friday, May 15th. Four investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $38.63.

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.