Figma, Inc. (NASDAQ: FIG) Chief Revenue Officer Shaunt Voskanian executed a sale of 8,629 shares of the company's Class A Common Stock on July 6, 2026. The transaction generated total proceeds of $177,910. Shares were sold at prices ranging between $20.54 and $20.64, resulting in a weighted average sale price of $20.6178 per share.
The sale was conducted under a Rule 10b5-1 trading plan that Voskanian adopted on August 6, 2025. This automated framework allows executives to sell shares according to a predetermined schedule, regardless of market conditions. Following the transaction, Voskanian directly holds 1,764,672 shares of Figma's Class A Common Stock.
The insider transaction occurs as Figma's stock trades at $21.68, marking an 81% decline from its 52-week high of $142.92. According to InvestingPro analysis, the stock is currently slightly overvalued relative to its Fair Value. Despite the sharp decline, the company maintains impressive gross profit margins of nearly 80% and revenue growth exceeding 41%. Investors can access detailed analysis through the comprehensive Pro Research Report, available for Figma and over 1,400 US equities.
In other recent news, Figma Inc. has been the focus of several analyst updates and events. Notably, Citi initiated coverage of Figma with a buy rating and set a price target of $36, citing the company's potential to counteract artificial intelligence disruption concerns through AI-driven consumption growth. Meanwhile, Goldman Sachs reiterated its Buy rating on Figma, maintaining a price target of $30, following the firm's participation in Figma's investor session and Config user conference. William Blair also reiterated an Outperform rating, highlighting Figma's focus on design as a differentiator in a market increasingly influenced by AI.
Additionally, Oppenheimer maintained a Perform rating after attending Figma's first financial analyst meeting, which took place during the Config conference. This meeting provided insights into Figma's business strategy, AI platform, and technology vision. Furthermore, Figma's stock experienced a rise after HSBC upgraded Adobe, suggesting that fears of AI disrupting traditional design software might be overstated, indirectly benefiting Figma. These developments underscore the company's ongoing efforts to position itself as a key player in modern product development.