The price of Freshworks Inc (NASDAQ:FRSH) shares last traded on Wall Street rose 6.08% to $23.54.
FRSH stock price is now 24.47% away from the 50-day moving average and 34.54% away from the 200-day moving average. The market capitalization of the company currently stands at $6.94B.
With the price target enhanced from $15 to $25, Canaccord Genuity Upgraded its rating from Hold to Buy for Freshworks Inc (NASDAQ: FRSH).
In other news, Taylor Jennifer H, Director sold 7,028 shares of the company’s stock on Dec 11. The stock was sold for $143,231 at an average price of $20.38. Upon completion of the transaction, the Director now directly owns 19,081 shares in the company, valued at $0.45 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 11, Director AUSTIN ROXANNE S sold 6,303 shares of the business’s stock. A total of $126,690 was realized by selling the stock at an average price of $20.10. This leaves the insider owning 100,410 shares of the company worth $2.36 million. Insiders disposed of 23,224,257 shares of company stock worth roughly $546.7 million over the past 1 year. A total of 46.48% of the company’s stock is owned by insiders.
During the past 12 months, Freshworks Inc has had a low of $12.22 and a high of $23.80. As of last week, the company has a debt-to-equity ratio of 0.03, a current ratio of 4.24, and a quick ratio of 4.24. The fifty day moving average price for FRSH is $18.91 and a two-hundred day moving average price translates $17.50 for the stock.
The latest earnings results from Freshworks Inc (NASDAQ: FRSH) was released for Sep, 2023. According to the Software – Application Company, earnings per share came in at $0.08, beating analysts’ expectations of $0.05 by 0.03. This compares to -$0.20 EPS in the same period last year. The net profit margin was -28.94% and return on equity was -15.56% for FRSH. The company reported revenue of $153.55 million for the quarter, compared to $128.76 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 19.25 percent. For the current quarter, analysts expect FRSH to generate $158.5M 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.
