Kris Rasmussen Sells 196,397 Shares of Figma (NYSE:FIG) Stock

06 Aug 2026, 21:09 by Kim Johansen · The Markets Daily

Figma, Inc. (NYSE:FIG – Get Free Report) CTO Kris Rasmussen sold 196,397 shares of the business’s stock in a transaction dated Tuesday, August 4th. The shares were sold at an average price of $25.53, for a total transaction of $5,014,015.41. Following the completion of the sale, the chief technology officer directly owned 9,234,587 shares of the company’s stock, valued at approximately $235,759,006.11. The trade was a 2.08% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

On Wednesday, July 29th, Kris Rasmussen sold 261,301 shares of Figma stock. The shares were sold at an average price of $25.07, for a total transaction of $6,550,816.07.
On Tuesday, May 19th, Kris Rasmussen sold 327,046 shares of Figma stock. The stock was sold at an average price of $25.07, for a total transaction of $8,199,043.22.

Figma Price Performance

Figma stock traded down $4.21 during midday trading on Thursday, hitting $23.94. The company’s stock had a trading volume of 53,261,194 shares, compared to its average volume of 18,263,311. The company has a market cap of $10.67 billion and a price-to-earnings ratio of -6.98. Figma, Inc. has a 1-year low of $16.60 and a 1-year high of $91.00. The company has a 50-day moving average price of $21.74 and a two-hundred day moving average price of $22.80.

Figma (NYSE:FIG – Get Free Report) last announced its earnings results on Wednesday, August 5th. The company reported $0.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.22) by $0.30. Figma had a negative net margin of 123.83% and a negative return on equity of 98.51%. The firm had revenue of $370.08 million for the quarter. During the same quarter in the previous year, the company earned $0.09 EPS. The business’s revenue for the quarter was up 48.2% on a year-over-year basis. Sell-side analysts forecast that Figma, Inc. will post -0.79 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on FIG shares. JPMorgan Chase & Co. reduced their target price on Figma from $45.00 to $42.00 and set a “neutral” rating on the stock in a report on Friday, May 15th. Piper Sandler reaffirmed an “overweight” rating and issued a $30.00 price target on shares of Figma in a research note on Thursday, June 25th. BTIG Research started coverage on shares of Figma in a research note on Monday, April 13th. They set a “neutral” rating on the stock. Bank of America started coverage on shares of Figma in a research report on Tuesday, July 7th. They issued a “buy” rating and a $30.00 target price for the company. Finally, Oppenheimer reiterated a “market perform” rating on shares of Figma in a research report on Thursday, June 25th. Five equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Figma has an average rating of “Hold” and an average target price of $32.00.

Get Our Latest Report on FIG

Institutional Investors Weigh In On Figma

A number of hedge funds have recently made changes to their positions in the stock. Mirae Asset Global Investments Co. Ltd. increased its position in Figma by 69.3% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 285,055 shares of the company’s stock worth $10,653,000 after purchasing an additional 116,681 shares in the last quarter. Amova Asset Management Americas Inc. increased its holdings in shares of Figma by 641.4% during the first quarter. Amova Asset Management Americas Inc. now owns 1,467,887 shares of the company’s stock worth $31,031,000 after buying an additional 1,269,900 shares in the last quarter. Baillie Gifford & Co. lifted its stake in shares of Figma by 93.8% in the 4th quarter. Baillie Gifford & Co. now owns 5,763,613 shares of the company’s stock valued at $215,386,000 after acquiring an additional 2,789,986 shares during the last quarter. Freestone Capital Holdings LLC bought a new position in shares of Figma in the 4th quarter valued at $10,297,000. Finally, Ieq Capital LLC boosted its holdings in shares of Figma by 1,670.9% during the 4th quarter. Ieq Capital LLC now owns 973,880 shares of the company’s stock valued at $36,394,000 after acquiring an additional 918,886 shares in the last quarter.

Key Headlines 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

About Figma

(Get Free Report)

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.