Freshworks Inc. (NASDAQ:FRSH – Get Free Report) Director Jennifer H. Taylor sold 4,685 shares of the company’s stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of $11.17, for a total transaction of $52,331.45. Following the transaction, the director now owns 35,853 shares of the company’s stock, valued at $400,478.01. The transaction was disclosed in a filing with the SEC, which is available through this link.
Freshworks Price Performance
Freshworks stock opened at $11.19 on Friday. Freshworks Inc. has a 1-year low of $10.96 and a 1-year high of $24.98. The firm’s fifty day moving average price is $12.13 and its two-hundred day moving average price is $14.57.
Freshworks (NASDAQ:FRSH – Get Free Report) last released its quarterly earnings data on Tuesday, July 30th. The company reported $0.08 earnings per share for the quarter, beating analysts’ consensus estimates of $0.06 by $0.02. Freshworks had a negative net margin of 15.72% and a negative return on equity of 9.08%. The firm had revenue of $174.13 million for the quarter, compared to analyst estimates of $169.05 million. During the same period last year, the firm earned ($0.12) earnings per share. The business’s quarterly revenue was up 20.0% compared to the same quarter last year. Analysts anticipate that Freshworks Inc. will post -0.38 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
Wall Street Analyst Weigh In
A number of equities analysts recently issued reports on FRSH shares. JPMorgan Chase & Co. lowered their price objective on shares of Freshworks from $19.00 to $17.00 and set an “overweight” rating for the company in a research report on Wednesday, July 31st. Scotiabank decreased their price target on shares of Freshworks from $18.00 to $16.00 and set a “sector perform” rating for the company in a research report on Wednesday, July 31st. Jefferies Financial Group decreased their price target on shares of Freshworks from $25.00 to $20.00 and set a “buy” rating for the company in a research report on Wednesday, July 31st. Needham & Company LLC restated a “buy” rating and issued a $20.00 price target on shares of Freshworks in a research report on Wednesday, July 31st. Finally, Barclays decreased their price target on shares of Freshworks from $15.00 to $14.00 and set an “equal weight” rating for the company in a research report on Wednesday, July 31st. Six investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $18.69.
Get Our Latest Analysis on FRSH
About Freshworks
Freshworks Inc, a software development company, provides software-as-a-service products worldwide. It offers Freshworks Customer Service Suite, which provides automated, personalized self-service on various channels, including web, chat, mobile messaging, email, and social; Freshdesk, a ticketing-centric customer service solution; Freshsuccess, a customer success solution; and Freshchat that provides agents with a modern conversational experience to proactively engage customers across digital messaging channels.
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