Freshworks Inc. (NASDAQ:FRSH – Get Free Report) Director Jennifer H. Taylor sold 4,690 shares of the business’s stock in a transaction that occurred on Thursday, October 10th. The stock was sold at an average price of $11.06, for a total transaction of $51,871.40. Following the completion of the transaction, the director now owns 36,689 shares of the company’s stock, valued at approximately $405,780.34. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Freshworks Trading Up 2.8 %
Shares of FRSH stock opened at $11.47 on Friday. The stock’s 50-day moving average price is $11.39 and its 200-day moving average price is $13.42. Freshworks Inc. has a 12-month low of $10.81 and a 12-month high of $24.98. The stock has a market capitalization of $3.43 billion, a price-to-earnings ratio of -28.68 and a beta of 0.73.
Freshworks (NASDAQ:FRSH – Get Free Report) last issued its quarterly earnings data on Tuesday, July 30th. The company reported $0.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.06 by $0.02. Freshworks had a negative return on equity of 9.08% and a negative net margin of 15.72%. The business had revenue of $174.13 million for the quarter, compared to analysts’ expectations of $169.05 million. During the same period in the prior year, the firm earned ($0.12) EPS. The company’s revenue for the quarter was up 20.0% on a year-over-year basis. As a group, research analysts predict that Freshworks Inc. will post -0.38 EPS for the current fiscal year.
Hedge Funds Weigh In On Freshworks
Wall Street Analysts Forecast Growth
A number of equities research analysts have weighed in on FRSH shares. Cantor Fitzgerald decreased their target price on shares of Freshworks from $19.00 to $18.00 and set an “overweight” rating for the company in a research note on Wednesday, July 31st. Canaccord Genuity Group reduced their target price on shares of Freshworks from $20.00 to $17.00 and set a “buy” rating for the company in a report on Wednesday, July 10th. Piper Sandler dropped their price target on shares of Freshworks from $17.00 to $13.00 and set an “overweight” rating on the stock in a research note on Thursday. Jefferies Financial Group reduced their price objective on Freshworks from $25.00 to $20.00 and set a “buy” rating for the company in a research note on Wednesday, July 31st. Finally, Scotiabank lowered their target price on Freshworks from $18.00 to $16.00 and set a “sector perform” rating on the stock in a research report on Wednesday, July 31st. Six research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $18.38.
View 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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