Stock Track | Figma Soars 5.15% Intraday as Findell Capital Calls It "Significantly Undervalued"

Stock Track

05/28

Figma's stock price soared 5.15% during intraday trading on Thursday, following the release of a report from Findell Capital Management that expressed a bullish outlook on the company's valuation.

The investment firm issued a letter to Figma's CEO and Board of Directors, stating that it believes the company is "significantly undervalued." This positive assessment from Findell Capital Management appears to have driven investor optimism and buying activity in Figma shares.

In addition to the valuation call, Findell's report urged Figma to streamline its product portfolio and focus on core products, while also suggesting the company reduce R&D spending estimated above 30% of revenues in 2026. The firm also called for the Figma board to examine its relationship with Anthropic given the launch of Claude Design.

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