The price of Freshworks Inc. (NASDAQ:FRSH) shares last traded on Wall Street fell -1.31% to $17.35.
Based on available information, 17 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 $17.00. Given the previous closing price of $17.58, this indicates a potential downside of -3.3 percent. FRSH stock price is now 14.59% away from the 50-day moving average and 18.52% away from the 200-day moving average. The market capitalization of the company currently stands at $4.94B.
Among analysts, 9 rate the stock a hold while 7 rate it a buy. Brokers who have rated the stock have averaged $17.80 as their price target over the next twelve months.
With the price target of $20, FBN Securities recently initiated with Outperform rating for Freshworks Inc. (NASDAQ: FRSH).
In other news, NELSON ZACHARY, Director sold 21,463 shares of the company’s stock on Jul 03. The stock was sold for $377,105 at an average price of $17.57. Upon completion of the transaction, the Director now directly owns 14,924 shares in the company, valued at $0.26 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jul 03, Director PADGETT BARRY L. sold 10,133 shares of the business’s stock. A total of $178,037 was realized by selling the stock at an average price of $17.57. This leaves the insider owning 17,387 shares of the company worth $0.3 million. Insiders disposed of 10,178,097 shares of company stock worth roughly $176.59 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 ARROWSTREET CAPITAL, LIMITED PARTNERSHIP during the first quarter worth $5,224,000. SUSQUEHANNA INTERNATIONAL GROUP, LLP invested $4,227,000 in shares of FRSH during the first quarter. In the first quarter, PRINCIPAL FINANCIAL GROUP INC acquired a new stake in Freshworks Inc. valued at approximately $4,126,000. BLUECREST CAPITAL MANAGEMENT LTD acquired a new stake in FRSH for approximately $3,553,000. HRT FINANCIAL LP purchased a new stake in FRSH valued at around $3,187,000 in the second quarter. In total, there are 202 active investors with 73.10% ownership of the company’s stock.
A candlestick chart of Freshworks Inc. (NASDAQ: FRSH) showed a price of $17.35 on Monday morning. During the past 12 months, Freshworks Inc. has had a low of $11.47 and a high of $18.14. As of last week, the company has a debt-to-equity ratio of 0.00, a current ratio of 4.50, and a quick ratio of 4.50. The fifty day moving average price for FRSH is $15.19 and a two-hundred day moving average price translates $14.65 for the stock.
The latest earnings results from Freshworks Inc. (NASDAQ: FRSH) was released for Mar, 2023. According to the Software – Application Company, earnings per share came in at $0.03, beating analysts’ expectations of -$0.02 by 0.05. This compares to -$0.18 EPS in the same period last year. The net profit margin was -43.30% and return on equity was -21.30% for FRSH. The company reported revenue of $137.69 million for the quarter, compared to $114.64 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 20.11 percent. For the current quarter, analysts expect FRSH to generate $141.34M in revenue.
Freshworks Inc.(FRSH) Company Profile
Freshworks Inc., a software development company, provides modern software-as-a-service products worldwide. It offers Freshdesk Support Desk that enables businesses to delight their customers at every service engagement touchpoint across traditional channels, including email, and modern channels, such as messaging and social media; Freshdesk Contact Center that offers agents with cloud-based telephony system to connect with customers that supports complex call-flows, number and call management, IVR, and routing needs, as well as live dashboard and reports; and Freshdesk Customer Success, which helps customer success managers at business to business (B2B) subscription companies. The company also provides Freshchat, which provides agents with a modern conversational user interface to engage with their customers across web, mobile, and social messaging applications; Freshsales that offers a multi-tiered approach to automating sales workflow and processes, as well as configure-price-quote functionality to quickly create quotes and AI-driven pipeline management; and Freshsales Suite, which delivers a single unified sales and marketing solution that allows businesses to engage and track customers across their buying journey. In addition, the company offers Freshservice, an intuitive service management solution; Freshping, a solution to monitor website’s availability and get multichannel alerts; Freshstatus that allows businesses to create a custom branded website status page for internal or external viewing to communicate website uptime and availability; and Freshsurvey, a tool to measure NPS and other satisfaction metrics. The company was formerly known as Freshdesk Inc. and changed its name to Freshworks Inc. in June 2017. Freshworks Inc. was incorporated in 2010 and is headquartered in San Mateo, California.
