The price of Freshworks Inc. (NASDAQ:FRSH) shares last traded on Wall Street rose 4.82% to $16.96.
Based on available information, 16 analysts follow Freshworks Inc. (NASDAQ:FRSH). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $25.00 and a low of $14.00, we find $16.00. Given the previous closing price of $16.18, this indicates a potential downside of -1.11 percent. FRSH stock price is now 15.78% away from the 50-day moving average and 17.57% away from the 200-day moving average. The market capitalization of the company currently stands at $4.61B.
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Among analysts, 9 rate the stock a hold while 6 rate it a buy. Brokers who have rated the stock have averaged $17.20 as their price target over the next twelve months.
With the price target of $18, Cantor Fitzgerald recently initiated with Overweight rating for Freshworks Inc. (NASDAQ: FRSH). On January 04, 2023, Canaccord Genuity Downgraded its previous ‘Buy’ rating to ‘Hold’ on the stock keeping its target price maintained at $15, while ‘Wolfe Research’ rates the stock as ‘Peer Perform’.
In other news, Taylor Jennifer H, Director sold 4,685 shares of the company’s stock on Jan 10. The stock was sold for $66,949 at an average price of $14.29. Upon completion of the transaction, the Director now directly owns 17,190 shares in the company, valued at $0.29 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jan 10, Director Flower Johanna sold 4,700 shares of the business’s stock. A total of $67,210 was realized by selling the stock at an average price of $14.30. This leaves the insider owning 17,506 shares of the company worth $0.3 million. Insiders disposed of 3,407,670 shares of company stock worth roughly $57.79 million over the past 1 year. A total of 1.70% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in FRSH stock. A new stake in Freshworks Inc. shares was purchased by EAGLE ASSET MANAGEMENT INC during the first quarter worth $22,337,000. GENERATION INVESTMENT MANAGEMENT LLP invested $11,189,000 in shares of FRSH during the first quarter. In the first quarter, SP ASSET MANAGEMENT LLC acquired a new stake in Freshworks Inc. valued at approximately $7,767,000. BLOOM TREE PARTNERS, LLC acquired a new stake in FRSH for approximately $7,131,000. CITADEL ADVISORS LLC purchased a new stake in FRSH valued at around $3,741,000 in the second quarter. In total, there are 185 active investors with 73.10% ownership of the company’s stock.
A candlestick chart of Freshworks Inc. (NASDAQ: FRSH) showed a price of $16.27 on Wednesday morning. During the past 12 months, Freshworks Inc. has had a low of $10.51 and a high of $23.72. As of last week, the company has a debt-to-equity ratio of 0.00, a current ratio of 5.00, and a quick ratio of 5.00. The fifty day moving average price for FRSH is $14.65 and a two-hundred day moving average price translates $14.43 for the stock.
The latest earnings results from Freshworks Inc. (NASDAQ: FRSH) was released for Jun, 2022. According to the Software – Application Company, earnings per share came in at -$0.06, beating analysts’ expectations of -$0.07 by 0.01. This compares to -$1.12 EPS in the same period last year. The net profit margin was -53.50% and return on equity was -22.40% for FRSH. The company reported revenue of $128.76 million for the quarter, compared to $96.61 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 33.27 percent. For the current quarter, analysts expect FRSH to generate $125.44M in revenue.
Freshworks Inc.(FRSH) Company Profile
Freshworks Inc., a software development company, provides modern software-as-a-service products worldwide. Freshworks Inc. was formerly known as Freshdesk Inc. and changed its name to Freshworks Inc. in June 2017. The company was incorporated in 2010 and is headquartered in San Mateo, California.
