Bank of New York Mellon Corp Has $3.91 Million Position in Figma, Inc. $FIG

Key Points

• Bank of New York Mellon increased its Figma stake by 546.8% in the first quarter, ending with 184,920 shares valued at approximately $3.91 million. Several other institutional investors also established or expanded positions.
• Figma reported strong second-quarter results, with revenue rising 48.2% year over year to $370.1 million and adjusted EPS of $0.08, while raising its 2026 revenue forecast to approximately $1.463 billion–$1.467 billion.
• Despite the growth, analysts maintain a consensus “Hold” rating with a $32 target price, citing AI-related investment costs, narrowing gross margins and slowing expected growth. Executives also sold shares under pre-arranged Rule 10b5-1 plans, while Figma stock was trading at $23.94.

Bank of New York Mellon Corp boosted its holdings in Figma, Inc. (NYSE:FIG - Free Report) by 546.8% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 184,920 shares of the company's stock after buying an additional 156,332 shares during the quarter. Bank of New York Mellon Corp's holdings in Figma were worth $3,909,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in FIG. Vanguard Group Inc. acquired a new stake in Figma in the third quarter valued at $2,282,000. US Bancorp DE acquired a new stake in shares of Figma during the third quarter worth $31,000. Blair William & Co. IL acquired a new stake in shares of Figma during the third quarter worth $460,000. Banque Cantonale Vaudoise bought a new position in Figma during the third quarter worth $271,000. Finally, Franklin Resources Inc. bought a new position in Figma during the third quarter worth $9,084,000.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. JPMorgan Chase & Co. cut their price target on shares of Figma from $45.00 to $42.00 and set a "neutral" rating on the stock in a research report on Friday, May 15th. Oppenheimer reissued a "market perform" rating on shares of Figma in a research report on Thursday, June 25th. Weiss Ratings restated a "sell (e+)" rating on shares of Figma in a research report on Tuesday, May 19th. Royal Bank Of Canada reiterated a "sector perform" rating on shares of Figma in a report on Thursday. Finally, Morgan Stanley set a $33.00 price target on Figma in a report on Thursday. Five equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $32.00.

Trending Headlines about Figma

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 analyst expectations. Customer growth and net dollar retention also remained strong. Figma second-quarter financial results
• Positive Sentiment: Management raised its full-year 2026 revenue forecast, with reported guidance of approximately $1.463 billion to $1.467 billion, while third-quarter revenue guidance of $373 million to $375 million exceeded consensus estimates. Demand for Figma’s design software and AI-enabled tools continues to support growth. Figma 2026 revenue outlook
• Neutral Sentiment: Figma’s CFO, CTO and chief revenue officer reported stock sales totaling roughly $7.3 million. The transactions were executed under pre-arranged Rule 10b5-1 plans, and each executive retained a substantial position, reducing their significance as a direct signal about company fundamentals. Figma insider trading filings
• Negative Sentiment: Investors were concerned that AI monetization is requiring substantial investment. AI-related costs rose sharply, while gross margin contracted year over year to 85%. Management also expects revenue growth to decelerate in the third quarter and for the full year, raising questions about whether AI-driven growth will justify the company’s elevated valuation. Figma AI costs and margins
• Negative Sentiment: A Seeking Alpha analyst downgraded Figma to Sell, citing weakening business momentum, margin pressure and the possibility that artificial intelligence could disrupt parts of Figma’s core design software market. Figma rating downgrade

Insider Buying and Selling at Figma

In other news, CTO Kris Rasmussen sold 327,046 shares of the stock in a transaction that occurred on Tuesday, May 19th. The stock was 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 of the company's stock, valued at $244,972,232.03. This represents a 3.24% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Praveer Melwani sold 381,288 shares of the stock in a transaction that occurred on Wednesday, July 29th. The stock was sold at an average price of $25.13, for a total value of $9,581,767.44. Following the completion of the sale, the chief financial officer directly owned 1,725,716 shares of the company's stock, valued at approximately $43,367,243.08. This trade represents a 18.10% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 1,675,578 shares of company stock worth $41,729,080 in the last quarter. 32.26% of the stock is owned by insiders.

Figma Trading Down 14.9%

FIG opened at $23.94 on Friday. Figma, Inc. has a 1-year low of $16.60 and a 1-year high of $91.00. The company has a market cap of $10.67 billion and a price-to-earnings ratio of -6.58. The company's fifty day moving average price is $21.75 and its two-hundred day moving average price is $22.76.

Figma (NYSE:FIG - Get Free Report) last issued its quarterly earnings data on Wednesday, August 5th. The company reported $0.08 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.22) by $0.30. The firm had revenue of $370.08 million during the quarter. Figma had a negative net margin of 123.15% and a negative return on equity of 100.47%. The firm's quarterly revenue was up 48.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.09 earnings per share. As a group, equities analysts forecast that Figma, Inc. will post -0.79 earnings per share for the current fiscal year.

About Figma

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.

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