Figma executives sold several million dollars in shares between June 3 and June 6. These transactions coincided with the company’s Config 2026 conference and weighed on market sentiment following June 28 reports.
The company reported 46% year-over-year revenue growth for the first quarter. This performance represents an acceleration from the previous quarter. Figma also unveiled new AI-driven design features intended to boost future monetization.
RBC Capital recently lowered its price target, citing uncertainty regarding the financial impact of the new AI tools. Conversely, HSBC Holdings PLC significantly increased its institutional stake in the company.