Brendan Mulligan Sells 211,599 Shares of Figma (NYSE:FIG) Stock

Posted by on Sep 1st, 2026

Figma, Inc. (NYSE:FIG – Get Free Report) General Counsel Brendan Mulligan sold 211,599 shares of Figma stock in a transaction on Friday, August 28th. The stock was sold at an average price of $29.79, for a total transaction of $6,303,534.21. Following the completion of the transaction, the general counsel directly owned 727,952 shares in the company, valued at approximately $21,685,690.08. The trade was a 22.52% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

  • On Wednesday, July 29th, Brendan Mulligan sold 18,213 shares of Figma stock. The shares were sold at an average price of $25.00, for a total transaction of $455,325.00.

Figma Price Performance

FIG traded down $0.35 during trading on Tuesday, hitting $27.14. 10,592,163 shares of the stock traded hands, compared to its average volume of 18,066,941. The firm has a market capitalization of $12.35 billion and a P/E ratio of -7.46. Figma, Inc. has a 12-month low of $16.60 and a 12-month high of $71.48. The firm has a 50-day moving average of $23.64 and a 200 day moving average of $22.83.

Figma (NYSE:FIG – Get Free Report) last released its quarterly earnings data on Wednesday, August 5th. The company reported $0.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.22) by $0.30. The firm had revenue of $370.08 million for the quarter. Figma had a negative net margin of 123.15% and a negative return on equity of 100.03%. Figma’s revenue was up 48.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.09 EPS. As a group, equities analysts predict that Figma, Inc. will post -0.75 EPS for the current fiscal year.

Hedge Funds Weigh In On Figma

Several institutional investors and hedge funds have recently modified their holdings of the stock. Amova Asset Management Americas Inc. grew its holdings 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 valued at $31,031,000 after buying an additional 1,269,900 shares during the last quarter. Ieq Capital LLC increased its holdings in shares of Figma by 1,670.9% in 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 in the last quarter. Greylock XIV GP LLC bought a new stake in shares of Figma in the 2nd quarter worth $1,056,824,403. Rokos Capital Management LLP purchased a new position in shares of Figma in the first quarter worth $4,414,000. Finally, Citizens Financial Group Inc. RI purchased a new position in shares of Figma in the first quarter worth $3,429,000.

Analyst Ratings Changes

FIG has been the subject of several research analyst reports. JPMorgan Chase & Co. dropped their price objective on Figma from $45.00 to $42.00 and set a “neutral” rating for the company in a report on Friday, May 15th. Royal Bank Of Canada reissued a “sector perform” rating on shares of Figma in a research note on Thursday, August 6th. Bank of America upped their target price on Figma from $30.00 to $33.00 and gave the company a “buy” rating in a report on Wednesday, August 19th. Weiss Ratings raised Figma from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Thursday. Finally, Morgan Stanley set a $33.00 price target on shares of Figma in a report on Thursday, August 6th. Five investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $32.56.

Get Our Latest Report on Figma

About Figma

(Get Free Report)

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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Insider Buying and Selling by Quarter for Figma (NYSE:FIG)

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