The present study investigates how observers assign depth in point-light figures, by manipulating spatiotemporal characteristics of the stimuli. Previous research on the perception of point-light walkers revealed bistability (i.e., that a point-light walker is perceived as either facing the viewer or facing away from the viewer) and the presence of a perceptual bias (i.e., a tendency to perceive the figure as facing the viewer). Here, we study the generality of these phenomena by having observers indicate the global depth orientation of different ambiguous point-light actions. Results demonstrate bistability for all actions, but the presence of a preferred interpretation depends strongly on the performed action, showing that the process of depth assignment takes into account the movements the point-light figure performs. Two additional experiments, using unfamiliar movement patterns without strong semantic correlates, show that purely kinematic aspects of an action also strongly affect depth assignment. Together, the results reveal the perception of depth in point-light figures to be a flexible process involving both bottom-up and top-down components.