ARK Doubles Down on Figma: Catch the Knife or Wait for $33?
Figma's post-earnings sell-off (-20%) highlights a classic IPO trap: strong topline ($249.6M revenue beat) but breakeven EPS and looming lock-up expiry (35% shares) weighing heavily. History shows that when insiders are allowed to sell, supply overwhelms demand — short-term headwinds remain strong.
Yet, ARK-s $5.9M buy isn't random. Cathie Wood's playbook often anticipates disruptive SaaS rebounds, and Figma’s fundamentals remain intact: positive net income ($846k vs loss last year), strong enterprise demand, and a sticky design ecosystem rivaling Adobe.
📊 Price Levels to Watch:
$50 → near-term psychological floor. If broken, expect algo-driven pressure.
$33 → IPO price. A full round-trip here would flush weak hands and create an institutional accumulation zone.
$65–70 → recovery range if SaaS multiples stabilize into Q4.
Prediction: Figma could drift lower in September as IPO unlock selling plays out, but October–November seasonality (risk appetite returning) makes a sharp recovery toward $60+ likely if SaaS sector sentiment improves. For traders, under $50 is a high-risk entry; patient investors may want to scale in closer to IPO levels.
I'm not a financial advisor. Trade wisely, Comrades!
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