New York, Feb 25, 2026, 06:25 EST — Premarket
- Figma shares were up about 1.3% in premarket trading after a 10.8% jump on Tuesday’s close.
- A director disclosed purchases of about 1.47 million shares in a recent SEC filing.
- Traders are watching whether the bounce holds as software names stay sensitive to AI and positioning.
Figma shares were up 1.3% at $27.78 in premarket trading on Wednesday, after closing up 10.83% at $27.43 a day earlier. (Public)
The pop lands as investors keep probing for signs that beaten-down software stocks can find a floor. Hedge funds last week bought back large tech names and stocks seen as exposed to advances in artificial intelligence, a JPMorgan note to clients said. (Reuters)
A Form 4 filing — the SEC disclosure insiders use to report stock transactions — showed director Reed Andrew Phillips bought 1,466,852 shares in multiple purchases dated Feb. 20 and Feb. 23 at average prices ranging from about $23.95 to $25.90. (SEC)
Cathie Wood’s ARK Invest also added to its Figma position on Feb. 23, buying 477,445 shares across two ETFs, according to daily trade details cited by Benzinga. Wood wrote on X on Monday that AI is the “most disruptive innovation in history,” the report said. (Benzinga)
Figma, whose tools are used to design and build digital products, has leaned harder into AI as it competes for customers with larger rival Adobe. The company has said it will begin selling AI credits in March, with chief financial officer Praveer Melwani telling Reuters: “We will begin enforcing credit limits … we’ll be selling add-ons.” (Reuters)
Volume has been heavy in recent sessions, a sign that fast money is still active in the name. Tuesday’s rally followed Monday’s drop, leaving the stock prone to sharp reversals if the broader software tape sours.
That’s the risk for bulls: insider buying can steady sentiment, but it does not stop a downdraft if investors keep rotating away from high-growth software or if AI-related costs and pricing changes spook customers. Premarket trading can also exaggerate moves because liquidity is thinner and spreads are wider.
For the rest of Wednesday’s session, traders will watch whether Figma can hold above Tuesday’s close after the open and whether follow-through buying shows up in regular hours. Another round of insider and institutional disclosures would also get attention.
The next company-specific marker on many investors’ calendars is the rollout of AI credit add-ons in March, and then Figma’s Config conference in San Francisco on June 23–25, where product updates could shape the next leg in expectations. (config.figma.com)
