Freshworks Inc. (NASDAQ:FRSH) shares traded 5.90% higher at $18.66 on Wall Street last session.
In accordance with the data, 18 analysts cover 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 $18.00. Given the previous closing price of $17.62, this indicates a potential upside of 2.16 percent. FRSH stock price is now 13.36% away from the 50-day moving average and 24.98% away from the 200-day moving average. The market capitalization of the company currently stands at $5.33B.
It has been rated a hold by 9 analysts and a buy by 8. Brokers who have rated the stock have averaged $18.44 as their price target over the next twelve months.
With the price target of $21, UBS recently initiated with Buy rating for Freshworks Inc. (NASDAQ: FRSH).
In other news, AUSTIN ROXANNE S, Director sold 6,303 shares of the company’s stock on Jul 10. The stock was sold for $102,046 at an average price of $16.19. Upon completion of the transaction, the Director now directly owns 131,135 shares in the company, valued at $2.45 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jul 10, Director Flower Johanna sold 4,700 shares of the business’s stock. A total of $77,080 was realized by selling the stock at an average price of $16.40. This leaves the insider owning 29,878 shares of the company worth $0.56 million. Insiders disposed of 10,232,407 shares of company stock worth roughly $190.94 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 $5,536,000. SUSQUEHANNA INTERNATIONAL GROUP, LLP invested $4,479,000 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 $4,372,000. BLUECREST CAPITAL MANAGEMENT LTD acquired a new stake in FRSH for approximately $3,764,000. HRT FINANCIAL LP purchased a new stake in FRSH valued at around $3,377,000 in the second quarter. In total, there are 241 active investors with 73.10% ownership of the company’s stock.
Freshworks Inc. (NASDAQ: FRSH) opened at $17.76 on Monday. During the past 12 months, Freshworks Inc. has had a low of $11.92 and a high of $18.46. 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 $16.54 and a two-hundred day moving average price translates $14.96 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 $141.44M in revenue.
