Figma, Inc. (NYSE:FIG – Get Free Report) CTO Kris Rasmussen sold 196,397 shares of the firm’s stock in a transaction on Tuesday, August 4th. The shares were sold at an average price of $25.53, for a total transaction of $5,014,015.41. Following the completion of the transaction, the chief technology officer directly owned 9,234,587 shares of the company’s stock, valued at approximately $235,759,006.11. This trade represents a 2.08% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through 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 Wednesday, July 29th, Kris Rasmussen sold 261,301 shares of Figma stock. The shares were sold at an average price of $25.07, for a total transaction of $6,550,816.07.
- On Tuesday, May 19th, Kris Rasmussen sold 327,046 shares of Figma stock. The stock was sold at an average price of $25.07, for a total transaction of $8,199,043.22.
Figma Trading Down 14.9%
Shares of NYSE FIG traded down $4.21 during mid-day trading on Thursday, hitting $23.94. The company had a trading volume of 53,261,194 shares, compared to its average volume of 18,263,311. The company has a market capitalization of $10.67 billion and a PE ratio of -6.98. The firm has a 50-day simple moving average of $21.74 and a two-hundred day simple moving average of $22.80. Figma, Inc. has a one year low of $16.60 and a one year high of $91.00.
Analyst Upgrades and Downgrades
Several research firms have recently commented on FIG. Weiss Ratings reissued a “sell (e+)” rating on shares of Figma in a report on Tuesday, May 19th. JPMorgan Chase & Co. lowered their target price on shares of Figma from $45.00 to $42.00 and set a “neutral” rating on the stock in a report on Friday, May 15th. Stifel Nicolaus set a $25.00 price target on shares of Figma in a research note on Friday, May 15th. Bank of America assumed coverage on shares of Figma in a research report on Tuesday, July 7th. They issued a “buy” rating and a $30.00 price objective for the company. Finally, Piper Sandler restated an “overweight” rating and set a $30.00 price objective on shares of Figma in a research note on Thursday, June 25th. Five analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Figma has an average rating of “Hold” and a consensus target price of $32.00.
Get Our Latest Stock Report on FIG
Institutional Inflows and Outflows
A number of institutional investors have recently made changes to their positions in the business. Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of Figma by 69.3% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 285,055 shares of the company’s stock worth $10,653,000 after acquiring an additional 116,681 shares during the period. Amova Asset Management Americas Inc. increased its stake in shares of Figma by 641.4% during the first quarter. Amova Asset Management Americas Inc. now owns 1,467,887 shares of the company’s stock worth $31,031,000 after purchasing an additional 1,269,900 shares during the period. Baillie Gifford & Co. increased its stake in shares of Figma by 93.8% during the fourth quarter. Baillie Gifford & Co. now owns 5,763,613 shares of the company’s stock worth $215,386,000 after purchasing an additional 2,789,986 shares during the period. Freestone Capital Holdings LLC acquired a new stake in Figma during the 4th quarter worth approximately $10,297,000. Finally, Ieq Capital LLC lifted its holdings in Figma by 1,670.9% during the 4th quarter. Ieq Capital LLC now owns 973,880 shares of the company’s stock worth $36,394,000 after purchasing an additional 918,886 shares during the last quarter.
Figma News Roundup
Here are the key news stories impacting Figma this week:
- Positive Sentiment: Figma reported second-quarter revenue of $370.1 million, up 48.2% year over year, while adjusted earnings of $0.08 per share exceeded consensus expectations. Management also cited strong demand and growing adoption of AI-enabled products. Figma Announces Second Quarter 2026 Financial Results
- Positive Sentiment: The company issued third-quarter revenue guidance of $373 million to $375 million, above the roughly $362 million analyst estimate, and expects full-year fiscal 2026 revenue of approximately $1.463 billion to $1.467 billion. Figma anticipates FY2026 revenue while leaning into AI investment
- Neutral Sentiment: Figma’s finance chief said AI credits helped accelerate usage and revenue, suggesting the company is beginning to monetize AI demand; however, the strategy remains dependent on converting increased consumption into sustainable profits. Figma CFO explains AI credits and revenue growth
- Negative Sentiment: Investors reacted negatively to rising AI-related infrastructure and operating costs. Figma said it is investing heavily in AI and hiring fewer employees because of productivity gains, but Wall Street remains concerned that these expenses will pressure margins and delay meaningful profitability. Figma Q2 earnings and AI costs
- Negative Sentiment: The selloff occurred on unusually heavy volume, indicating broad investor disappointment despite the earnings beat and guidance increase. Figma continues to report substantial losses, including a negative net margin, making investors especially sensitive to expanding costs.
- Neutral Sentiment: CEO Dylan Field forfeited approximately $46 million in stock after the share decline, while a separate chief accounting officer sale was conducted under a pre-arranged Rule 10b5-1 plan to cover tax withholding; neither transaction necessarily signals a change in management’s outlook. Figma CEO forfeits stock
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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