The Latest Breaking News from Figma

Back in August when the 14F filings deadline had passed I wrote about some of the latest picks of UK-based growth investment Baillie Gifford. For those who are not away Baillie Gifford is widely regarded as one of the best long-term growth stock investors of all time.

Weavy is dead, long live Figma Weave.

Figma’s explosive IPO saw shares soar 250%, valuing the company at $68 billion. The stock has since fallen more than 50% from that peak.

Figma is expanding its MCP server to help your projects share even more context.

On Tuesday, Cathie Wood-led Ark Invest executed significant trades, including buying shares of Advanced Micro Devices Inc. (NASDAQ:AMD) and Bullish Inc. (NYSE:BLSH), while selling shares of Tempus AI Inc. (NASDAQ:TEM). Additionally, Ark purchased Figma Inc. (NYSE:FIG) stock, reflecting strategic adjustments in its investment portfolio.

On Thursday, Cathie Wood-led Ark Invest executed significant trades involving Tempus AI Inc. (Pre-Reincorporation)(NASDAQ:TEM), Bullish (NYSE:BLSH), Amazon.com Inc. (NASDAQ:AMZN), and Figma Inc. (NYSE:FIG).

Cathie Wood is bullish on Figma stock and has recently gained exposure to the growth company. Is FIG stock a good buy right now?

After plunging 60% from post-IPO highs, Figma stock now trades with a much tamer valuation despite strong 41% revenue growth and solid cash reserves—making this a potential “buy the dip” candidate for long-term investors willing to stomach volatility.

Adobe challenger Figma has cooled down after an incredibly hot start as a public company. Should investors take advantage of this high-growth stock's 55% fall?