Figma Inc. (FIG) Stock: Why Cathie Wood is Betting Big on This Beaten-Down Design Platform

TLDR

Table of Contents

Cathie Wood’s ARK Invest bought 108,238 Figma shares for $7.37 million after the stock dropped 20% on weak Q2 results
Wood continued selling Roku shares, offloading 26,465 shares worth $2.60 million despite it being ARK’s second-largest holding
ARK sold 428,277 Genius Sports shares for $5.59 million as part of portfolio adjustments
J.P. Morgan analyst maintained Hold rating on Figma with $65 price target citing revenue growth concerns
Figma stock has declined 55.3% from its IPO price despite initial 250% first-day rally

Cathie Wood made waves yesterday with her latest portfolio moves. Her ARK Invest funds grabbed 108,238 shares of Figma for $7.37 million on September 4.

JUST IN:
CATHIE WOOD’S ARK INVEST BUYS FIGMA STOCK AMID 20% POST-EARNINGS DROP pic.twitter.com/6RjeH5Dia0
— Flux Charts (@FluxCharts) September 5, 2025

The timing looks strategic. Figma’s stock crashed nearly 20% on Wednesday after disappointing Q2 earnings. Wood seems unfazed by the volatility. She’s betting on the design platform’s long-term prospects.

This wasn’t Wood’s first Figma purchase. She bought 60,000 shares worth $69.30 million during the company’s July 31 IPO.

That initial investment looked brilliant at first. Figma shares rocketed 250% on their debut day.

But the honeymoon didn’t last. The stock has now fallen 55.3% from its listing price.

Wood’s latest buy represents a classic “buy the dip” strategy. She’s known for her conviction in disruptive technology stocks.

Revenue Growth Meets Strategic Headwinds

Figma’s Q2 results paint a mixed picture. The company missed both sales and earnings expectations.

Revenue growth remains strong but shows signs of slowing. Management pointed to new pricing and packaging strategies as factors.

These strategic changes are taking time to integrate. The transition period is creating near-term uncertainty.

Customer metrics tell a complex story. Net revenue retention dropped sequentially.

The pace of new paid customer additions has also slowed compared to last year. These trends worry some investors.

J.P. Morgan analyst Mark Murphy maintained his Hold rating. He set a $65 price target for the stock.

Murphy acknowledged Figma’s revenue growth but highlighted the deceleration. He sees mixed signals from customer data.

Wells Fargo analysts also kept their Hold rating. They set a slightly higher $70 price target.

Wood’s Broader Portfolio Moves

Wood didn’t just buy Figma yesterday. She also purchased 131,700 Intellia Therapeutics shares worth $1.5 million.

The gene-editing company fits Wood’s biotech investment theme. She’s been accumulating shares steadily.

On the selling side, Wood continued trimming her Roku position. ARK sold 26,465 shares for $2.60 million.

This follows a pattern of consistent Roku sales. Despite the selling, it remains ARK’s second-largest holding at 5.18%.

Wood also made a major exit from Genius Sports. ARK dumped 428,277 shares worth $5.59 million.

The sports data company had been performing well recently. Its stock gained 3.75% on the day of Wood’s sale.

Wood’s moves reflect her active management style. She’s quick to adjust positions based on her conviction levels.

The current Figma consensus rating stands at Moderate Hold. Two analysts recommend buying while seven suggest holding.

The average price target of $67.57 implies 23.9% upside from current levels. This suggests modest optimism despite recent struggles.

Wood’s latest Figma purchase totaled $7.37 million through the ARK Next Generation Internet ETF on September 4.

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