Figma, Inc. (NYSE:FIG – Get Free Report) CFO Praveer Melwani sold 30,460 shares of the company’s stock in a transaction dated Monday, July 6th. The stock was sold at an average price of $20.48, for a total transaction of $623,820.80. Following the completion of the transaction, the chief financial officer owned 1,711,526 shares in the company, valued at $35,052,052.48. This represents a 1.75% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Praveer Melwani also recently made the following trade(s):
- On Wednesday, June 3rd, Praveer Melwani sold 83,974 shares of Figma stock. The shares were sold at an average price of $22.77, for a total value of $1,912,087.98.
Figma Stock Performance
NYSE FIG opened at $21.70 on Thursday. The company’s 50-day simple moving average is $20.60 and its two-hundred day simple moving average is $24.71. Figma, Inc. has a one year low of $16.60 and a one year high of $142.92. The company has a market capitalization of $9.67 billion and a price-to-earnings ratio of -6.33.
Wall Street Analysts Forecast Growth
A number of research analysts have issued reports on FIG shares. Morgan Stanley decreased their price target on shares of Figma from $44.00 to $38.00 and set an “equal weight” rating for the company in a report on Friday, May 15th. Weiss Ratings reissued a “sell (e+)” rating on shares of Figma in a report on Tuesday, May 19th. Piper Sandler reiterated an “overweight” rating and set a $30.00 price target on shares of Figma in a research report on Thursday, June 25th. Stifel Nicolaus set a $25.00 price target on Figma in a research note on Friday, May 15th. Finally, Royal Bank Of Canada reduced their price objective on shares of Figma from $28.00 to $22.00 and set a “sector perform” rating on the stock in a report on Thursday, June 25th. Five analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $32.67.
View Our Latest Analysis on FIG
Trending Headlines about Figma
Here are the key news stories impacting Figma this week:
- Positive Sentiment: Bank of America resumed coverage on Figma with a Buy rating and a $30 price target, saying AI could act as a growth catalyst and support revenue expansion. Figma shares rise as Bank of America resumes coverage with a ‘Buy’ rating
- Positive Sentiment: Multiple reports highlighted the same BofA upgrade, reinforcing the view that Figma may be better positioned than Adobe in an AI-driven software market. Why Figma Is a Better AI Bet Than Adobe
- Neutral Sentiment: Figma also announced it acquired the team behind a vibe-coding app, a move that could support product innovation but has not yet been quantified financially. Figma acquires team behind a vibe coding app
- Negative Sentiment: Insider selling from the CFO and CRO may weigh on sentiment, though both transactions were made under pre-arranged 10b5-1 plans and do not necessarily signal operational weakness. CFO Praveer Melwani sale details CRO Shaunt Voskanian sale details
Institutional Investors Weigh In On Figma
A number of hedge funds and other institutional investors have recently modified their holdings of the company. Mirae Asset Global Investments Co. Ltd. grew its stake in Figma by 69.3% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 285,055 shares of the company’s stock worth $10,653,000 after buying an additional 116,681 shares during the last quarter. Freestone Capital Holdings LLC acquired a new stake in Figma during the 4th quarter worth approximately $10,297,000. Baillie Gifford & Co. grew its stake in shares of Figma by 93.8% in the 4th quarter. Baillie Gifford & Co. now owns 5,763,613 shares of the company’s stock valued at $215,386,000 after purchasing an additional 2,789,986 shares during the last quarter. Sands Capital Management LLC purchased a new stake in shares of Figma during the third quarter worth approximately $11,762,000. Finally, Ieq Capital LLC increased its stake in Figma by 1,670.9% in the 4th quarter. Ieq Capital LLC now owns 973,880 shares of the company’s stock valued at $36,394,000 after buying an additional 918,886 shares during the period.
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.
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