Figma (NYSE:FIG) General Counsel Sells $2,834,573.88 in Stock

Posted by on Sep 11th, 2026

Figma, Inc. (NYSE:FIG – Get Free Report) General Counsel Brendan Mulligan sold 109,106 shares of the company’s stock in a transaction that occurred on Thursday, September 3rd. The shares were sold at an average price of $25.98, for a total value of $2,834,573.88. Following the transaction, the general counsel directly owned 609,411 shares of the company’s stock, valued at $15,832,497.78. The trade was a 15.18% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

  • On Friday, August 28th, Brendan Mulligan sold 211,599 shares of Figma stock. The stock was sold at an average price of $29.79, for a total value of $6,303,534.21.
  • 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 value of $455,325.00.

Figma Stock Up 0.9%

Shares of Figma stock opened at $22.21 on Friday. The company has a market cap of $10.11 billion and a PE ratio of -6.10. The business has a 50 day moving average of $24.49 and a 200 day moving average of $22.86. Figma, Inc. has a 52 week low of $16.60 and a 52 week high of $71.48.

Figma (NYSE:FIG – Get Free Report) last released its quarterly earnings results on Wednesday, August 5th. The company reported $0.08 earnings per share for the quarter, beating the consensus estimate of ($0.22) by $0.30. The business 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%. The business’s revenue was up 48.2% on a year-over-year basis. During the same quarter last year, the firm earned $0.09 EPS. On average, research analysts anticipate that Figma, Inc. will post -0.75 earnings per share for the current year.

Wall Street Analysts Forecast Growth

FIG has been the subject of several research analyst reports. Bank of America raised their price objective on shares of Figma from $30.00 to $33.00 and gave the stock a “buy” rating in a report on Wednesday, August 19th. Weiss Ratings upgraded Figma from a “sell (e+)” rating to a “sell (d-)” rating in a report on Thursday, August 27th. Wells Fargo & Company decreased their target price on Figma from $42.00 to $36.00 and set an “overweight” rating for the company in a research report on Friday, June 26th. Citigroup lifted their price target on Figma from $35.00 to $37.00 and gave the company a “buy” rating in a research report on Friday, August 7th. Finally, Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of Figma in a research note on Thursday, August 6th. Four research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $32.56.

Read Our Latest Research Report on FIG

Institutional Trading of Figma

Several hedge funds and other institutional investors have recently made changes to their positions in FIG. NewEdge Advisors LLC bought a new stake in Figma in the third quarter worth $26,000. Wilmington Savings Fund Society FSB purchased a new position in shares of Figma in the 3rd quarter worth about $27,000. Sunbelt Securities Inc. bought a new position in Figma in the 3rd quarter worth about $30,000. US Bancorp DE bought a new position in Figma in the 3rd quarter worth about $31,000. Finally, CIBC Private Wealth Group LLC purchased a new stake in Figma during the 3rd quarter valued at about $33,000.

About Figma

(Get Free Report)

Figma, Inc develops collaborative software for designing, prototyping and building digital products. Its cloud-based platform enables product designers, developers, marketers and other stakeholders to work together in real time on user interfaces, prototypes and digital experiences.

The company’s product portfolio includes Figma Design for interface design and prototyping, FigJam for online whiteboarding and brainstorming, and Dev Mode, which helps developers inspect designs and translate them into code.

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

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