Kris Rasmussen Sells 327,046 Shares of Figma (NYSE:FIG) Stock

Key Points

• Kris Rasmussen, Figma’s CTO, sold 327,046 shares on May 19 for about $8.2 million under a pre-arranged 10b5-1 plan. After the sale, he still owned roughly 9.77 million shares.
• Figma’s stock was down 4.6% to $21.55, far below its 52-week high of $142.92, highlighting continued investor skepticism despite strong recent growth.
• The company recently beat quarterly earnings expectations, posting $0.10 EPS versus a projected loss and 46.1% revenue growth to $333.44 million, but analysts still view the stock cautiously with a Hold consensus.

Figma, Inc. (NYSE:FIG - Get Free Report) CTO Kris Rasmussen sold 327,046 shares of the business's stock in a transaction that occurred on Tuesday, May 19th. The shares were sold at an average price of $25.07, for a total transaction of $8,199,043.22. Following the transaction, the chief technology officer owned 9,771,529 shares of the company's stock, valued at approximately $244,972,232.03. This represents a 3.24% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Kris Rasmussen also recently made the following trade(s):

• On Tuesday, March 3rd, Kris Rasmussen sold 179,331 shares of Figma stock. The shares were sold at an average price of $29.80, for a total transaction of $5,344,063.80.
• On Wednesday, February 25th, Kris Rasmussen sold 51,359 shares of Figma stock. The shares were sold at an average price of $30.00, for a total transaction of $1,540,770.00.

Figma Stock Down 4.6%

NYSE FIG traded down $1.03 during trading on Thursday, reaching $21.55. 15,877,682 shares of the stock traded hands, compared to its average volume of 16,324,897. The firm has a market cap of $9.60 billion and a price-to-earnings ratio of -6.28. The stock's 50-day moving average price is $21.17 and its 200 day moving average price is $29.24. Figma, Inc. has a fifty-two week low of $16.60 and a fifty-two week high of $142.92.

Figma (NYSE:FIG - Get Free Report) last issued its quarterly earnings data on Thursday, May 14th. The company reported $0.10 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.17) by $0.27. The firm had revenue of $333.44 million during the quarter. Figma had a negative net margin of 123.83% and a negative return on equity of 98.51%. The business's quarterly revenue was up 46.1% compared to the same quarter last year. Analysts anticipate that Figma, Inc. will post -0.69 EPS for the current fiscal year.

Key Headlines Impacting Figma

Here are the key news stories impacting Figma this week:

• Positive Sentiment: Figma introduced an AI assistant/agent directly inside its multiplayer design canvas, which could strengthen the product, improve workflow adoption, and support future monetization. Figma has a product design AI agent.
• Positive Sentiment: Jeff Clark highlighted Figma as an overlooked AI/software name, arguing the stock looks undervalued after a steep selloff and that AI features and strong growth trends could help the shares recover over time. Investors Abandoned These 3 AI Stocks Too Early, Says Jeff Clark
• Neutral Sentiment: Figma’s CAO sold 669 shares under a pre-arranged 10b5-1 plan, a routine insider transaction that is not necessarily a negative signal, but it can still add a little pressure to investor sentiment. Insider Selling: Figma NYSE: FIG CAO Sells 669 Shares of Stock
• Neutral Sentiment: Recent coverage also focused on Figma’s latest earnings call, where management emphasized accelerating growth tied to AI, reinforcing the view that the company’s AI strategy remains central to the investment case. Figma Earnings Call: Accelerating Growth Fueled by AI
• Negative Sentiment: Despite the growth story, Figma remains far below its prior highs, and the stock’s recent weakness suggests investors are still skeptical about valuation and the pace of sustained profitability. Investors Abandoned These 3 AI Stocks Too Early, Says Jeff Clark

Analysts Set New Price Targets

Several research firms have recently weighed in on FIG. JPMorgan Chase & Co. reduced their price target on shares of Figma from $45.00 to $42.00 and set a "neutral" rating for the company in a report on Friday, May 15th. Oppenheimer began coverage on shares of Figma in a report on Wednesday, March 25th. They issued a "market perform" rating for the company. Morgan Stanley reduced their price target on shares of Figma from $44.00 to $38.00 and set an "equal weight" rating for the company in a report on Friday, May 15th. Weiss Ratings reiterated a "sell (e+)" rating on shares of Figma in a report on Tuesday. Finally, The Goldman Sachs Group set a $35.00 price target on shares of Figma in a report on Thursday, February 19th. Four investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $38.63.

Institutional Trading of Figma

Institutional investors have recently made changes to their positions in the business. Whittier Trust Co. of Nevada Inc. bought a new stake in shares of Figma in the third quarter worth $26,000. NewEdge Advisors LLC bought a new stake in shares of Figma in the third quarter worth $26,000. Wilmington Savings Fund Society FSB bought a new stake in shares of Figma in the third quarter worth $27,000. Sunbelt Securities Inc. bought a new stake in shares of Figma in the third quarter worth $30,000. Finally, US Bancorp DE bought a new stake in shares of Figma in the third quarter worth $31,000.

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.

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