Insider Selling: Figma (NYSE:FIG) General Counsel Sells 4,817 Shares of Stock

Key Points

• Brendan Mulligan, Figma’s General Counsel, sold 4,817 shares on March 3 at an average price of $28.30 for $136,321, leaving him with 830,461 shares and a roughly 0.58% reduction in his stake.
• Continued insider selling: Mulligan has repeatedly sold shares this year (multiple transactions in January and February totaling tens of thousands of shares), signaling a sustained pattern of disposals.
• Figma fundamentals: The stock trades near $30 with a $13.34 billion market cap; the company recently beat EPS estimates and reported 40.1% revenue growth, but remains unprofitable (negative P/E and net margin) and well below its 12‑month high of $142.92.

Figma, Inc. (NYSE:FIG - Get Free Report) General Counsel Brendan Mulligan sold 4,817 shares of the business's stock in a transaction dated Tuesday, March 3rd. The stock was sold at an average price of $28.30, for a total value of $136,321.10. Following the sale, the general counsel owned 830,461 shares in the company, valued at approximately $23,502,046.30. This trade represents a 0.58% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

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

• On Thursday, February 19th, Brendan Mulligan sold 5,227 shares of Figma stock. The stock was sold at an average price of $26.00, for a total value of $135,902.00.
• On Tuesday, February 10th, Brendan Mulligan sold 5,227 shares of Figma stock. The shares were sold at an average price of $25.00, for a total transaction of $130,675.00.
• On Monday, February 2nd, Brendan Mulligan sold 7,671 shares of Figma stock. The shares were sold at an average price of $24.86, for a total value of $190,701.06.
• On Thursday, January 15th, Brendan Mulligan sold 5,666 shares of Figma stock. The stock was sold at an average price of $32.02, for a total transaction of $181,425.32.
• On Monday, January 5th, Brendan Mulligan sold 5,666 shares of Figma stock. The stock was sold at an average price of $37.25, for a total transaction of $211,058.50.
• On Friday, January 2nd, Brendan Mulligan sold 6,793 shares of Figma stock. The shares were sold at an average price of $37.21, for a total value of $252,767.53.
• On Monday, December 15th, Brendan Mulligan sold 4,392 shares of Figma stock. The stock was sold at an average price of $34.65, for a total transaction of $152,182.80.

Figma Price Performance

Shares of NYSE:FIG traded up $0.60 during trading on Thursday, hitting $30.24. The company's stock had a trading volume of 14,137,547 shares, compared to its average volume of 15,104,380. Figma, Inc. has a 12 month low of $19.85 and a 12 month high of $142.92. The company has a 50-day moving average of $29.56 and a 200-day moving average of $43.49. The firm has a market cap of $13.34 billion and a price-to-earnings ratio of -9.69.

Figma (NYSE:FIG - Get Free Report) last posted its quarterly earnings results on Wednesday, February 18th. The company reported $0.08 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 company had revenue of $303.78 million for the quarter. Figma's revenue was up 40.1% on a year-over-year basis.

Institutional Trading of Figma

A number of institutional investors and hedge funds have recently bought and sold shares of FIG. Gladstone Capital Management LLP grew its position in shares of Figma by 2.9% during the fourth quarter. Gladstone Capital Management LLP now owns 17,081 shares of the company's stock worth $638,000 after buying an additional 481 shares in the last quarter. Whittier Trust Co. of Nevada Inc. acquired a new stake in shares of Figma during the third quarter valued at approximately $26,000. NewEdge Advisors LLC acquired a new position in shares of Figma in the 3rd quarter valued at about $26,000. Wilmington Savings Fund Society FSB purchased a new stake in shares of Figma during the 3rd quarter worth about $27,000. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of Figma by 3.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 15,212 shares of the company's stock valued at $568,000 after acquiring an additional 559 shares during the last quarter.

Analyst Upgrades and Downgrades

FIG has been the subject of several recent research reports. The Goldman Sachs Group set a $35.00 price objective on shares of Figma in a research note on Thursday, February 19th. Barclays upgraded Figma to a "neutral" rating in a research note on Thursday, January 8th. Weiss Ratings reaffirmed a "sell (e+)" rating on shares of Figma in a research note on Monday, December 29th. Royal Bank Of Canada decreased their target price on shares of Figma from $38.00 to $31.00 and set a "sector perform" rating for the company in a research report on Thursday, February 19th. Finally, Stifel Nicolaus decreased their price objective on Figma from $40.00 to $30.00 and set a "hold" rating on the stock in a report on Thursday, February 19th. Four research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Figma has a consensus rating of "Hold" and a consensus price target of $43.25.

About Figma

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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