Key TakeawaysFigma (FIG) slid 8.7% to $17.51 Thursday, with trading volume dropping 73% below average levelsAnthropic introduced Claude Design, positioning itself as a direct rival to Figma’s platformShares have plummeted nearly 80% from their mid-2025 post-IPO highFourth-quarter revenue climbed 40.1% to $303.8M, while EPS of $0.08 crushed expectations of -$0.20CEO Dylan Field offloaded 250,000 FIG at $30.80 in February; insiders collectively sold approximately 1.06M shares over 90 daysFigma (FIG) shares tumbled 8.7% during Thursday’s session, settling at $17.51. The design platform stock hit an intraday bottom of $17.70, finishing significantly beneath its prior close of $19.17.Figma, Inc., FIGVolume registered around 3.9 million shares — representing a dramatic 73% decline from the typical daily average of 14.6 million. Such reduced liquidity often exaggerates price swings in both directions.The primary catalyst for recent selling pressure emerged last week when Anthropic unveiled Claude Design, an AI-driven design platform marketed as a direct challenger to Figma, Adobe, and Canva.Rising AI Threat Intensifies PressureClaude Design’s arrival creates a challenging dynamic for Figma. AI-powered design solutions continue advancing rapidly, and investors are taking notice.That being said, Claude Design currently appears better suited for amateur creators and casual users rather than enterprise professionals. Figma’s primary audience — seasoned designers working within large corporations — hasn’t demonstrated any meaningful migration away from the platform.Figma boasts a user base exceeding 13 million. Approximately 95% of Fortune 500 enterprises rely on its tools. This established customer foundation doesn’t typically shift platforms hastily.Nevertheless, the stock has surrendered nearly 80% of its value from post-IPO highs. Figma debuted publicly in mid-2025, recording the most substantial single-day percentage gain for a U.S. company of comparable size in thirty years. The trajectory has reversed dramatically since.Market capitalization currently hovers around $7.6 billion, representing a stark departure from the IPO-day optimism.Financial Performance Remains RobustFigma’s latest quarterly report actually delivered impressive numbers. The company posted Q4 EPS of $0.08, surpassing consensus forecasts of -$0.20 by a substantial $0.28 margin.Revenue reached $303.8 million, marking a 40.1% year-over-year increase. As context, Figma crossed the $1 billion annual revenue threshold for the first time during 2025, with international sales expanding 45%.Gross margin stands at a robust 82.43% — indicative of strong unit economics for a software enterprise.The challenge isn’t revenue generation. It’s achieving profitability. Figma operates with a negative net margin of 121.87% and a negative return on equity measuring 97.03%. Wall Street analysts project full-year EPS of -$0.69.The P/E ratio registers at -5.51, signaling that markets aren’t yet valuing this as a profit-generating operation.Executive Stock Sales Draw AttentionInsider transactions have accelerated recently. CEO Dylan Field liquidated 250,000 FIG at $30.80 during late February, generating proceeds of $7.7 million.General Counsel Brendan Mulligan divested 4,817 FIG at $26.30 during March.Collectively, company insiders have sold approximately 1.06 million FIG valued at roughly $30.5 million throughout the preceding 90 days.Insider ownership remains substantial at 45.2% of outstanding shares.Regarding Wall Street sentiment, the consensus recommendation stands at Hold, with an average price objective of $43.25 — representing a considerable premium to current trading levels.Among 15 analysts tracking the stock, four maintain Buy ratings, ten recommend Hold, and one advises Sell.The 50-day moving average sits at $23.84. The 200-day moving average stands at $34.23. FIG currently trades substantially below both technical benchmarks.The post Figma (FIG) Stock Plummets 9% as Anthropic’s Claude Design Enters the Arena appeared first on Blockonomi.