Insider Selling: Figma (NYSE:FIG) CRO Sells 403,335 Shares of Stock

Key Points

• CRO Shaunt Voskanian sold 403,335 shares on Nov. 10 at an average price of $43.39 for about $17.5M, reducing his stake by roughly 19.96% to 1,617,326 shares (≈$70.2M).
• Figma shares slid about 7.7% to $40.60 with ~10.4M shares traded (above average), trading near a 12‑month low of $40.02 versus a high of $142.92.
• Figma beat quarterly expectations, reporting $0.10 EPS versus a -$1.56 consensus and revenue of $274.17M, up 38% year‑over‑year.

Figma, Inc. (NYSE:FIG - Get Free Report) CRO Shaunt Voskanian sold 403,335 shares of the stock in a transaction dated Monday, November 10th. The shares were sold at an average price of $43.39, for a total value of $17,500,705.65. Following the transaction, the executive directly owned 1,617,326 shares in the company, valued at approximately $70,175,775.14. This represents a 19.96% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Shaunt Voskanian also recently made the following trade(s):

• On Monday, November 3rd, Shaunt Voskanian sold 26,741 shares of Figma stock. The stock was sold at an average price of $48.17, for a total value of $1,288,113.97.

Figma Stock Down 7.7%

Figma stock traded down $3.40 during trading hours on Thursday, reaching $40.60. 10,410,183 shares of the company were exchanged, compared to its average volume of 9,761,726. Figma, Inc. has a 12 month low of $40.02 and a 12 month high of $142.92. The firm has a 50-day moving average price of $53.76.

Figma (NYSE:FIG - Get Free Report) last released its quarterly earnings results on Wednesday, November 5th. The company reported $0.10 EPS for the quarter, beating analysts' consensus estimates of ($1.56) by $1.66. The firm had revenue of $274.17 million during the quarter. The firm's revenue for the quarter was up 38.0% on a year-over-year basis. During the same quarter last year, the company posted $0.04 earnings per share. Figma has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS.

Institutional Trading of Figma

Hedge funds have recently modified their holdings of the company. Whittier Trust Co. of Nevada Inc. acquired a new stake in shares of Figma in the 3rd quarter valued at $26,000. US Bancorp DE bought a new position in Figma during the 3rd quarter valued at about $31,000. Montag A & Associates Inc. acquired a new position in Figma in the third quarter valued at about $33,000. SOA Wealth Advisors LLC. bought a new stake in Figma during the third quarter worth about $39,000. Finally, Tripletail Wealth Management LLC acquired a new stake in shares of Figma during the third quarter worth approximately $53,000.

Analyst Ratings Changes

FIG has been the subject of a number of recent analyst reports. Wolfe Research began coverage on shares of Figma in a report on Monday, August 25th. They set a "peer perform" rating for the company. Bank of America decreased their target price on Figma from $85.00 to $69.00 and set a "buy" rating for the company in a research note on Thursday, September 4th. William Blair reaffirmed an "outperform" rating on shares of Figma in a report on Thursday, September 4th. Weiss Ratings began coverage on Figma in a report on Friday, October 24th. They set a "sell (d)" rating for the company. Finally, Wall Street Zen raised Figma to a "hold" rating in a research report on Saturday, August 9th. Three investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $62.86.

Figma Company Profile

Figma is where teams come together to turn ideas into the world's best digital products and experiences. Every day, billions of people around the world use apps, websites, and other digital experiences that are made in Figma. They're looking up directions on Google Maps; requesting rides with Uber; checking in for flights on JetBlue; streaming shows on Netflix; learning languages with Duolingo; asking questions of Claude; connecting on LinkedIn; buying goods on Mercado Libre; or booking stays and experiences with Airbnb.

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