11 Stocks Jim Cramer Discussed As He Said Apple’s CEO Is A “Pawn”

8. Figma, Inc. (NYSE:FIG)

Number of Hedge Fund Holders In Q2 2025: N/A

Figma, Inc. (NYSE:FIG) is a software company that allows users to use a web browser-based platform to design AI products and services. It is one of the newest listings on the market, and the shares have lost 53% since their listing at July end. Soon after the IPO, Figma, Inc. (NYSE:FIG)’s shares tanked by 35% as investors sought to lock in their gains. More recently, the stock fell by 19.9% in September after the firm’s first post-IPO earnings report saw meek revenue, EPS, and full-year revenue beats. Cramer agrees that Figma, Inc. (NYSE:FIG) had a lot to prove:

“[On first report since IPO not well received] Figna by the way. . .when you’re at 180 times earnings you better blow out the quarter. And they did not, they did a little bit less.”

Here are his previous thoughts about Figma, Inc. (NYSE:FIG) on the day the shares started to trade:

“It is expensive at 33 versus where Adobe tried to buy it.

“[On how they’ve got a lot of selling shareholders] Right, and I think that in itself is usually a red flag. They expect to bring 360 million from the deal but roughly two-thirds are going to existing shareholders. Which I find is a really large cash out.

“Netflix uses it, Duolingo uses it, Uber uses it, JetBlu, 95% of the Fortune 500 use it. And, if you have a subscription to Adobe it’s much more expensive than Figma. Figna’s a very good buy. This is Figma versus Adobe just so everyone knows.

“And I urge people to, if you put in market orders, it’s gonna be like two thousands, you will be crushed. Please put in a limit order. Don’t worry if you don’t get it. This is one where I want people to exercise caution.”