$Figma(FIG)$ Figma (NASDAQ: FIGM), the design software company that has become a darling of creative professionals and enterprises alike, has just delivered its highly anticipated first earnings report as a publicly traded company. At first glance, the results looked solid: the company exceeded revenue expectations, delivered breakeven earnings per share, and issued guidance that came in ahead of consensus forecasts. Yet despite the strong showing on paper, shares of Figma plunged by as much as 15% immediately following the report. For a high-profile IPO with strong growth narratives, this decline rattled both retail and institutional investors. Some questioned whether this was simply a “buy the rumor, sell the news” moment, while others worried th
ARK Loads Figma After 20% Plunge! Follow or Wait for IPO Pricing?
Figma surpassed revenue estimates but it faces huge lock-up expiry. Some investors have agreed to an extended lock-up expiration for 35% of their shares. EPS: Breakeven Revenue: $249.6 million vs. $248.8 million expected Net income totaled $846,000, compared with a loss of $827.9 million in the second quarter of 2024. The stock lost 20% after earnings. Ark Invest acquired 108,238 shares of Figma through ARKW. Total value of the trade amounted to $5.9 million. ------------ Is it a buy if it dips under $50? How do you view the extention? If Figma dips to $33 - IPO price, would you add?
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