Insider Selling: Figma (NYSE:FIG) CEO Sells 250,000 Shares of Stock

Key Points

• Dylan Field, Figma’s CEO, sold 250,000 shares on Feb. 26 at about $30.80 per share for roughly $7.7M, and has executed several other large insider sales in January and December.
• Figma beat EPS expectations this quarter (reported $0.08 vs. consensus -$0.20) with revenue of $303.8M (+40.1% YoY), but remains unprofitable (negative net margin and ROE); the stock trades near $29, below its 200‑day moving average and carries a consensus “Hold” rating with an average price target of $43.25.

Figma, Inc. (NYSE:FIG - Get Free Report) CEO Dylan Field sold 250,000 shares of Figma stock in a transaction on Thursday, February 26th. The stock was sold at an average price of $30.80, for a total transaction of $7,700,000.00. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Dylan Field also recently made the following trade(s):

• On Thursday, February 26th, Dylan Field sold 236,930 shares of Figma stock. The stock was sold at an average price of $30.77, for a total value of $7,290,336.10.
• On Wednesday, January 14th, Dylan Field sold 250,000 shares of Figma stock. The stock was sold at an average price of $32.63, for a total value of $8,157,500.00.
• On Wednesday, January 14th, Dylan Field sold 62,500 shares of Figma stock. The shares were sold at an average price of $32.63, for a total value of $2,039,375.00.
• On Monday, December 15th, Dylan Field sold 62,500 shares of Figma stock. The stock was sold at an average price of $34.66, for a total value of $2,166,250.00.
• On Monday, December 15th, Dylan Field sold 250,000 shares of Figma stock. The shares were sold at an average price of $34.66, for a total value of $8,665,000.00.

Figma Price Performance

NYSE:FIG traded down $0.11 during trading hours on Monday, hitting $29.28. 12,024,507 shares of the stock traded hands, compared to its average volume of 21,634,552. Figma, Inc. has a 1 year low of $19.85 and a 1 year high of $142.92. The stock has a 50 day moving average price of $29.90 and a 200 day moving average price of $43.93.

Figma (NYSE:FIG - Get Free Report) last issued its quarterly earnings results on Wednesday, February 18th. The company reported $0.08 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.20) by $0.28. Figma had a negative return on equity of 97.03% and a negative net margin of 121.87%.The business had revenue of $303.78 million during the quarter. The company's revenue was up 40.1% on a year-over-year basis.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Whittier Trust Co. of Nevada Inc. acquired a new stake in Figma in the third quarter worth about $26,000. NewEdge Advisors LLC purchased a new position in shares of Figma in the 3rd quarter valued at approximately $26,000. Wilmington Savings Fund Society FSB purchased a new position in shares of Figma in the 3rd quarter valued at approximately $27,000. Sunbelt Securities Inc. acquired a new stake in Figma in the 3rd quarter worth approximately $30,000. Finally, US Bancorp DE purchased a new stake in Figma during the 3rd quarter worth approximately $31,000.

Analyst Upgrades and Downgrades

FIG has been the subject of a number of research reports. JPMorgan Chase & Co. dropped their target price on shares of Figma from $65.00 to $60.00 and set a "neutral" rating for the company in a research report on Thursday, November 6th. Royal Bank Of Canada decreased their price objective on shares of Figma from $38.00 to $31.00 and set a "sector perform" rating for the company in a research note on Thursday, February 19th. Barclays upgraded shares of Figma to a "neutral" rating in a report on Thursday, January 8th. Weiss Ratings restated a "sell (e+)" rating on shares of Figma in a report on Monday, December 29th. Finally, Morgan Stanley set a $44.00 price target on shares of Figma in a research report on Thursday, February 19th. Four analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $43.25.

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.

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