Figma (NYSE:FIG) CFO Sells 40,000 Shares of Stock

Key Points

• Figma CFO Praveer Melwani sold 40,000 shares at an average price of $26.63, totaling approximately $1.07 million. The transaction was conducted under a pre-arranged Rule 10b5-1 trading plan, leaving him with 1.67 million shares.
• Figma shares fell 14.9% to $23.94 on unusually heavy trading volume, despite the company beating quarterly earnings expectations with $370.1 million in revenue, up 48.2% year over year.
• Management issued revenue guidance above analyst expectations, but investors remain concerned that rising AI infrastructure and operating costs could pressure margins and delay profitability. Analysts collectively rate the stock “Hold,” with an average price target of $32.

Figma, Inc. (NYSE:FIG - Get Free Report) CFO Praveer Melwani sold 40,000 shares of Figma stock in a transaction that occurred on Tuesday, August 4th. The shares were sold at an average price of $26.63, for a total transaction of $1,065,200.00. Following the sale, the chief financial officer owned 1,674,544 shares in the company, valued at $44,593,106.72. This represents a 2.33% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Praveer Melwani also recently made the following trade(s):

• On Wednesday, July 29th, Praveer Melwani sold 381,288 shares of Figma stock. The shares were sold at an average price of $25.13, for a total transaction of $9,581,767.44.
• On Monday, July 6th, Praveer Melwani sold 30,460 shares of Figma stock. The stock was sold at an average price of $20.48, for a total transaction of $623,820.80.
• On Wednesday, June 3rd, Praveer Melwani sold 83,974 shares of Figma stock. The stock was sold at an average price of $22.77, for a total transaction of $1,912,087.98.

Figma Trading Down 14.9%

NYSE:FIG traded down $4.21 on Thursday, reaching $23.94. The stock had a trading volume of 53,261,194 shares, compared to its average volume of 18,263,311. The company has a 50-day moving average of $21.74 and a 200 day moving average of $22.80. The stock has a market cap of $10.67 billion and a P/E ratio of -6.98. Figma, Inc. has a 12-month low of $16.60 and a 12-month high of $91.00.

Figma (NYSE:FIG - Get Free Report) last released its quarterly earnings results on Wednesday, August 5th. The company reported $0.08 EPS for the quarter, topping the consensus estimate of ($0.22) by $0.30. The business had revenue of $370.08 million for the quarter. Figma had a negative return on equity of 98.51% and a negative net margin of 123.83%.The company's revenue was up 48.2% compared to the same quarter last year. During the same quarter last year, the firm posted $0.09 EPS. On average, equities analysts predict that Figma, Inc. will post -0.79 EPS for the current year.

Key Stories Impacting Figma

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

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the stock. Bank of America initiated coverage on shares of Figma in a research note on Tuesday, July 7th. They issued a "buy" rating and a $30.00 price target for the company. Weiss Ratings reissued a "sell (e+)" rating on shares of Figma in a report on Tuesday, May 19th. BTIG Research began coverage on shares of Figma in a research report on Monday, April 13th. They issued a "neutral" rating for the company. Royal Bank Of Canada restated a "sector perform" rating on shares of Figma in a research note on Thursday. Finally, Morgan Stanley set a $33.00 price target on shares of Figma in a research report on Thursday. Five investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $32.00.

Hedge Funds Weigh In On Figma

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

Figma Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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