Figma (NYSE:FIG) General Counsel Brendan Mulligan Sells 4,299 Shares

Figma, Inc. (NYSE:FIG) General Counsel Brendan Mulligan sold 4,299 shares of the stock in a transaction that occurred on Monday, November 17th. The stock was sold at an average price of $37.29, for a total transaction of $160,309.71. Following the completion of the sale, the general counsel directly owned 899,639 shares of the company’s stock, valued at $33,547,538.31. This trade represents a 0.48% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• On Wednesday, November 12th, Brendan Mulligan sold 10,000 shares of Figma stock. The shares were sold at an average price of $45.00, for a total transaction of $450,000.00.
• On Monday, November 10th, Brendan Mulligan sold 80,934 shares of Figma stock. The stock was sold at an average price of $43.47, for a total value of $3,518,200.98.
• On Monday, November 3rd, Brendan Mulligan sold 9,526 shares of Figma stock. The shares were sold at an average price of $48.17, for a total value of $458,867.42.

Figma Stock Performance

FIG traded up $0.17 on Thursday, hitting $35.91. The company had a trading volume of 1,451,679 shares, compared to its average volume of 11,308,549. The stock’s fifty day simple moving average is $52.50. Figma, Inc. has a 1-year low of $35.50 and a 1-year high of $142.92.

Figma (NYSE:FIG) last released its quarterly 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 firm had revenue of $274.17 million during the quarter. During the same quarter last year, the company posted $0.04 earnings per share. The firm’s revenue for the quarter was up 38.0% on a year-over-year basis. Figma has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Voya Investment Management LLC bought a new stake in shares of Figma during the third quarter valued at approximately $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 acquired a new position in shares of Figma during the third quarter valued at $53,000. Renaissance Capital LLC bought a new position in Figma in the third quarter valued at about $2,439,000. Finally, SOA Wealth Advisors LLC. acquired a new stake in Figma in the third quarter worth about $39,000.

Analysts Set New Price Targets

Several brokerages recently commented on FIG. The Goldman Sachs Group raised their target price on Figma from $49.00 to $54.00 and gave the stock a “neutral” rating in a research report on Friday, November 7th. Royal Bank Of Canada decreased their target price on shares of Figma from $75.00 to $65.00 and set a “sector perform” rating on the stock in a research report on Thursday, September 4th. Bank of America dropped their price target on shares of Figma from $85.00 to $69.00 and set a “buy” rating for the company in a research report on Thursday, September 4th. JPMorgan Chase & Co. decreased their price objective on Figma from $65.00 to $60.00 and set a “neutral” rating on the stock in a report on Thursday, November 6th. Finally, Piper Sandler dropped their target price on Figma from $85.00 to $70.00 and set an “overweight” rating for the company in a report on Thursday, November 6th. Three equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $62.86.

Figma Company Profile

Figma is where teams come together to turn ideas into the world’s best digital products and experiences. Every day, billions of people around the world use apps, websites, and other digital experiences that are made in Figma. They’re looking up directions on Google Maps; requesting rides with Uber; checking in for flights on JetBlue; streaming shows on Netflix; learning languages with Duolingo; asking questions of Claude; connecting on LinkedIn; buying goods on Mercado Libre; or booking stays and experiences with Airbnb.