Bank of America Corp DE Raises Holdings in Figma, Inc. $FIG

Key Points

• Bank of America increased its Figma stake by 428.1% in the first quarter, acquiring 3.39 million additional shares to hold 4.18 million shares worth approximately $88.4 million, or 0.94% of the company.
• Figma reported strong second-quarter results, with revenue up 48.2% year over year to $370.1 million and adjusted EPS of $0.08, beating estimates. Management raised its fiscal 2026 revenue outlook to approximately $1.463 billion-$1.467 billion.
• Despite the earnings beat, concerns over aggressive AI investment, rising costs, margin pressure and potential growth deceleration remain. Analysts have an overall “Hold” rating with an average price target of $32.22, while executives have sold shares through pre-arranged trading plans.

Bank of America Corp DE boosted its holdings in shares of Figma, Inc. (NYSE:FIG - Free Report) by 428.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,180,575 shares of the company's stock after acquiring an additional 3,388,902 shares during the quarter. Bank of America Corp DE owned about 0.94% of Figma worth $88,377,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Gladstone Capital Management LLP lifted its stake in shares of Figma by 2.9% in the 4th quarter. Gladstone Capital Management LLP now owns 17,081 shares of the company's stock valued at $638,000 after purchasing an additional 481 shares during the last quarter. NewEdge Advisors LLC acquired a new stake in shares of Figma during the 3rd quarter worth about $26,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of Figma during the 3rd quarter worth about $27,000. Charles Schwab Investment Management Inc. raised its holdings in Figma by 3.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 15,212 shares of the company's stock valued at $568,000 after buying an additional 559 shares during the period. Finally, Sunbelt Securities Inc. purchased a new stake in Figma in the 3rd quarter valued at about $30,000.

Insider Buying and Selling

In other Figma news, CFO Praveer Melwani sold 381,288 shares of the company's stock in a transaction dated Wednesday, July 29th. The stock was sold at an average price of $25.13, for a total transaction of $9,581,767.44. Following the sale, the chief financial officer owned 1,725,716 shares in the company, valued at $43,367,243.08. This represents a 18.10% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CTO Kris Rasmussen sold 327,046 shares of the stock in a transaction dated Tuesday, May 19th. The shares were sold at an average price of $25.07, for a total value of $8,199,043.22. Following the completion of the sale, the chief technology officer directly owned 9,771,529 shares in the company, valued at $244,972,232.03. This represents a 3.24% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 1,675,578 shares of company stock valued at $41,729,080. Company insiders own 32.26% of the company's stock.

Key Figma News

Here are the key news stories impacting Figma this week:

• Positive Sentiment: Figma reported second-quarter revenue of $370.1 million, up 48.2% year over year, and adjusted earnings of $0.08 per share, exceeding expectations. Net dollar retention reached 136%, indicating strong customer expansion and platform engagement. Figma second-quarter earnings
• Positive Sentiment: Management raised its fiscal 2026 revenue outlook to approximately $1.463 billion-$1.467 billion and expects third-quarter revenue of $373 million-$375 million. AI-powered features and credit monetization are viewed by bullish analysts as potential drivers of additional growth and customer usage. Figma fiscal 2026 outlook
• Neutral Sentiment: Several executives, including the CFO, CTO, CRO and CAO, sold shares under pre-arranged Rule 10b5-1 trading plans. Because the sales represented relatively small portions of their remaining holdings and were scheduled transactions, they provide limited insight into management’s current outlook. Figma insider transactions
• Negative Sentiment: The primary pressure on the stock is Figma’s aggressive AI investment. Higher AI-related costs and gross margin of about 85%, down from the prior year, are raising concerns about near-term profitability and operating leverage. Investors are also wary of decelerating revenue growth, possible AI disruption to Figma’s core design market and executive departures. These concerns led some analysts to downgrade the shares despite the earnings beat. Figma AI costs and margins

Figma Stock Down 2.8%

Shares of FIG stock opened at $23.29 on Friday. Figma, Inc. has a 52 week low of $16.60 and a 52 week high of $91.00. The stock has a market capitalization of $10.60 billion and a PE ratio of -6.40. The firm has a 50 day moving average of $21.70 and a two-hundred day moving average of $22.77.

Figma (NYSE:FIG - Get Free Report) last posted its quarterly earnings results on Wednesday, August 5th. The company reported $0.08 EPS for the quarter, topping the consensus estimate of ($0.22) by $0.30. Figma had a negative net margin of 123.15% and a negative return on equity of 100.47%. The business had revenue of $370.08 million during the quarter. During the same quarter last year, the firm earned $0.09 EPS. The business's revenue was up 48.2% on a year-over-year basis. Analysts expect that Figma, Inc. will post -0.79 EPS for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have weighed in on FIG. Piper Sandler reaffirmed an "overweight" rating and set a $30.00 target price on shares of Figma in a research note on Thursday, June 25th. Oppenheimer reissued a "market perform" rating on shares of Figma in a research note on Thursday, June 25th. JPMorgan Chase & Co. decreased their price objective on shares of Figma from $45.00 to $42.00 and set a "neutral" rating on the stock in a report on Friday, May 15th. Weiss Ratings reaffirmed a "sell (e+)" rating on shares of Figma in a research report on Tuesday, May 19th. Finally, Stifel Nicolaus set a $25.00 target price on shares of Figma in a report on Friday, May 15th. Five equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $32.22.

Figma Profile

Figma is a San Francisco–based software company that offers a web-based platform for interface design, prototyping and collaboration. Its flagship product, Figma, enables teams to create and refine user interfaces, vector graphics and design systems directly in a browser, eliminating the need for local installations. The platform's real-time collaboration features allow multiple stakeholders—designers, developers and product managers—to edit and comment simultaneously, streamlining workflows and reducing version control issues.

In addition to its core design tool, Figma provides FigJam, a digital whiteboarding solution that facilitates brainstorming sessions, wireframing and diagramming.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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