Bank of America Corp DE increased its holdings in Figma, Inc. by 428.1% during the first quarter. The bank disclosed the acquisition of 3.39 million additional shares in a filing on August 9, 2026. This brings its total ownership to 4.18 million shares valued at approximately $88.4 million.
Figma reported second-quarter revenue of $370.1 million on August 6. This represents a 48.2% year-over-year increase and exceeded analyst expectations. Despite the growth, the stock faces pressure from rising costs related to aggressive artificial intelligence investments. Market concerns also persist regarding the company's decelerating growth projections.