Summary: Figma, Inc. (FIG) Chief Technology Officer Kris Rasmussen executed a sale of 51,359 shares of Class A Common Stock on February 25, 2026, for about $1.54 million. The transaction was carried out under a Rule 10b5-1 trading plan adopted on August 6, 2025. The move occurs against a backdrop of recent earnings strength, divergent analyst reactions and elevated share price volatility.
Kris Rasmussen sold 51,359 shares of Figma Class A common stock on February 25, 2026, with the proceeds amounting to approximately $1.54 million. The sales were completed at a weighted average price of $30.0048 per share, with executed trade prices spanning $30.00 to $30.07.
Following the disposition, Rasmussen continues to hold 10,367,546 shares of Figma directly. The sale was implemented under a Rule 10b5-1 plan the executive adopted on August 6, 2025, a detail disclosed alongside the transaction.
Figma's share price has been volatile. The stock rose 12.65% over the most recent week covered in the disclosure, but remains down 58% over the last six months. According to InvestingPro analysis cited in the company's disclosure, Figma currently appears overvalued relative to its Fair Value and is listed among companies judged most overvalued. InvestingPro Tips included in that analysis also note that analysts expect the company to reach profitability this year, which is one of 11 insights available to subscribers.
Financial results released by the company provide context for investor attention. Figma reported fourth-quarter revenue of $303.8 million, a 40% year-over-year increase that topped analyst estimates. Adjusted earnings per share for the quarter were $0.08, above the consensus estimate of $0.06. For fiscal 2026, the company guided to revenue growth of 30% year over year, a pace roughly 7 percentage points ahead of consensus expectations.
Analyst reactions to the results and guidance have been mixed. Stifel reduced its price target for Figma to $30 and maintained a Hold rating, citing concerns related to AI margins and valuation. RBC Capital also lowered its price target to $31 and kept a Sector Perform rating for the stock, pointing to similar worries. By contrast, Piper Sandler reiterated an Overweight rating with a $35 price target, highlighting Figma's robust guidance and a significant operating income beat of 51.8%.
The company attributed its quarterly outperformance to increased platform adoption and greater AI integration by customers. Those factors were cited as drivers behind the stronger revenue and operating performance noted in the quarter.
Rasmussen's sale, conducted under the established 10b5-1 plan, is disclosed in the same period as these earnings and analyst updates, placing the insider transaction within a broader set of investor, analyst and market signals affecting Figma's stock.
Key points
- CTO Kris Rasmussen sold 51,359 Class A shares on February 25, 2026, for roughly $1.54 million at a weighted average price of $30.0048.
- Figma reported Q4 revenue of $303.8 million, up 40% year over year, and adjusted EPS of $0.08, beating consensus; fiscal 2026 revenue guidance calls for 30% growth.
- Analyst responses vary - some lowered price targets citing AI margins and valuation while others emphasized the company's strong guidance and operating income beat.
Risks and uncertainties
- Share-price volatility: the stock rose 12.65% in the latest week but has declined 58% over six months, signaling market sensitivity - impacting equity investors and technology sector sentiment.
- Valuation and margin concerns: investing analysis rates the stock as overvalued relative to Fair Value and analysts cited worries about AI margins, which could affect investor expectations for profitability and multiples in the software and AI-adoption segments.