Freshworks Inc. (NASDAQ:FRSH – Get Free Report) Chairman Rathnagirish Mathrubootham sold 835,000 shares of Freshworks stock in a transaction on Wednesday, December 18th. The stock was sold at an average price of $16.08, for a total value of $13,426,800.00. Following the sale, the chairman now owns 551,137 shares of the company’s stock, valued at approximately $8,862,282.96. This trade represents a 60.24 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
Rathnagirish Mathrubootham also recently made the following trade(s):
- On Friday, December 20th, Rathnagirish Mathrubootham sold 830,000 shares of Freshworks stock. The stock was sold at an average price of $15.33, for a total transaction of $12,723,900.00.
Freshworks Stock Performance
FRSH stock traded down $0.07 during trading on Friday, reaching $15.33. 5,462,263 shares of the company traded hands, compared to its average volume of 2,997,905. The business has a 50 day simple moving average of $14.51 and a 200 day simple moving average of $12.89. Freshworks Inc. has a 12 month low of $10.81 and a 12 month high of $24.34. The company has a market capitalization of $4.64 billion, a price-to-earnings ratio of -45.09 and a beta of 0.90.
Institutional Trading of Freshworks
Wall Street Analyst Weigh In
A number of equities analysts have commented on FRSH shares. Piper Sandler upped their target price on shares of Freshworks from $13.00 to $18.00 and gave the stock an “overweight” rating in a research note on Thursday, November 7th. Needham & Company LLC reissued a “buy” rating and issued a $20.00 price objective on shares of Freshworks in a research note on Tuesday. Canaccord Genuity Group lifted their target price on Freshworks from $17.00 to $19.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. JMP Securities upped their target price on Freshworks from $21.00 to $24.00 and gave the stock a “market outperform” rating in a report on Thursday, November 7th. Finally, JPMorgan Chase & Co. raised their price target on Freshworks from $17.00 to $20.00 and gave the company an “overweight” rating in a research note on Thursday, November 7th. Seven investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, Freshworks has an average rating of “Moderate Buy” and a consensus target price of $18.69.
View Our Latest Stock Report on Freshworks
Freshworks Company Profile
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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