Key insights
- Figma's CRO sold over $2 million in stock, adding to recent insider selling. Despite strong revenue growth and high gross margins, the stock has seen significant declines and analyst price target reductions due to AI uncertainties and margin pressures. While InvestingPro suggests undervaluation, the insider sales, coupled with analyst concerns, signal potential near-term headwinds for the stock.
Shaunt Voskanian, Chief Revenue Officer at Figma, Inc. (NASDAQ:FIG), sold Class A Common Stock totaling approximately $2.01 million on June 3, 2026. The transactions were executed under a Rule 10b5-1 trading plan adopted by Voskanian on August 6, 2025.
The sales involved two separate transactions of Class A Common Stock. In the first, Voskanian disposed of 67,229 shares at a weighted average price of $22.7479 per share. The individual sale prices for this block ranged from $22.32 to $23.23. A second transaction saw the sale of 20,281 shares at a weighted average price of $23.8859 per share, with prices ranging from $23.48 to $23.90.The insider sale comes as Figma’s stock has declined 11.7% over the past week and plunged 80.5% over the past year. Despite this volatility, InvestingPro analysis suggests the stock is currently undervalued relative to its Fair Value, placing it among companies on the most undervalued list. The company maintains impressive gross profit margins of nearly 80% and strong revenue growth of 41%.
In total, Voskanian sold 87,510 shares of Figma Class A Common Stock. Following these transactions, Voskanian directly owns 1,781,380 shares of the company.
In other recent news, Figma Inc reported impressive first-quarter results, exceeding expectations and raising its guidance. The company achieved a revenue growth of 46% year-over-year, with net dollar retention reaching 139%, the highest level in over two years. Despite these strong financials, Piper Sandler lowered its price target for Figma to $30, citing margin pressure. Similarly, Stifel reduced its price target to $25, pointing to uncertainties surrounding artificial intelligence. Oppenheimer maintained a Perform rating on the stock, highlighting Figma’s strong business profile as a top-tier software company.
In another development, Figma’s CEO, Dylan Field, sold $4.36 million worth of Class A common stock, according to a recent SEC filing. This transaction was executed through the Field 2024 GRAT Remainder Trust. Additionally, Findell Capital Management has urged Figma to streamline operations and review its board governance following the launch of a competing product by Anthropic. These recent developments indicate significant activity surrounding Figma, impacting both its financial outlook and corporate governance.
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