Figma (NYSE:FIG) General Counsel Brendan Mulligan Sells 18,741 Shares of Stock

22 May 2026, 08:21 by Scott Moore · The Cerbat Gem

Figma, Inc. (NYSE:FIG – Get Free Report) General Counsel Brendan Mulligan sold 18,741 shares of the company’s stock in a transaction dated Tuesday, May 19th. The shares were sold at an average price of $25.04, for a total transaction of $469,274.64. Following the transaction, the general counsel directly owned 987,986 shares of the company’s stock, valued at approximately $24,739,169.44. This represents a 1.86% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

On Monday, March 16th, Brendan Mulligan sold 4,817 shares of Figma stock. The shares were sold at an average price of $26.30, for a total transaction of $126,687.10.
On Tuesday, March 3rd, Brendan Mulligan sold 4,817 shares of Figma stock. The stock was sold at an average price of $28.30, for a total transaction of $136,321.10.

Figma Stock Performance

FIG opened at $21.55 on Friday. The firm has a 50 day moving average price of $21.04 and a 200 day moving average price of $29.05. The company has a market cap of $9.60 billion and a PE ratio of -6.28. Figma, Inc. has a 1 year low of $16.60 and a 1 year high of $142.92.

Figma (NYSE:FIG – Get Free Report) last posted its earnings results on Thursday, May 14th. The company reported $0.10 earnings per share (EPS) for the quarter, topping 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%. Figma’s revenue was up 46.1% on a year-over-year basis. On average, sell-side analysts predict that Figma, Inc. will post -0.69 earnings per share for the current year.

Key Headlines Impacting Figma

Here are the key news stories impacting Figma this week:

Positive Sentiment: Figma has been highlighted in a bullish contrarian note as an overlooked AI-related growth stock, which could support investor interest if the market rotates back toward high-growth software names. Article Title
Positive Sentiment: Recent product updates show Figma pushing AI deeper into its design workflow, including an AI assistant/agent embedded in the collaborative canvas, which may strengthen its platform appeal and long-term growth narrative. Article Title
Neutral Sentiment: Several insider sales were executed under Rule 10b5-1 plans, suggesting the trades were pre-scheduled rather than a direct statement on near-term business conditions.
Negative Sentiment: CTO Kris Rasmussen sold 327,046 shares, and General Counsel Brendan Mulligan sold 18,741 shares, adding to the recent stream of insider selling and potentially pressuring sentiment around the stock. Article Title
Negative Sentiment: CAO Tyler Herb also sold shares earlier in the week, reinforcing the impression that insiders have been trimming positions while the stock remains well below its 200-day average.

Institutional Trading of Figma

Several large investors have recently bought and sold shares of FIG. Rakuten Investment Management Inc. acquired a new stake in Figma in the third quarter valued at approximately $4,425,000. Simplicity Wealth LLC acquired a new stake in Figma in the third quarter valued at approximately $1,049,000. TrueMark Investments LLC acquired a new stake in Figma in the third quarter valued at approximately $877,000. Baillie Gifford & Co. acquired a new stake in Figma in the third quarter valued at approximately $154,242,000. Finally, PFG Investments LLC acquired a new stake in Figma in the third quarter valued at approximately $711,000.

Wall Street Analyst Weigh In

FIG has been the subject of a number of research analyst reports. Wells Fargo & Company dropped their target price on shares of Figma from $52.00 to $42.00 and set an “overweight” rating for the company in a research report on Thursday, February 19th. JPMorgan Chase & Co. dropped their target price on shares of Figma from $45.00 to $42.00 and set a “neutral” rating for the company in a research report on Friday, May 15th. Royal Bank Of Canada dropped their target price on shares of Figma from $31.00 to $28.00 and set a “sector perform” rating for the company in a research report on Friday, May 15th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Figma in a research report on Tuesday. Finally, BTIG Research initiated coverage on shares of Figma in a research report on Monday, April 13th. They issued a “neutral” rating for the company. Four analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Figma has a consensus rating of “Hold” and a consensus target price of $38.63.

Read Our Latest Analysis on Figma

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.