Freshworks Inc (NASDAQ: FRSH) is -22.39% lower on its value in year-to-date trading and has touched a low of $12.22 and a high of $24.98 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The FRSH stock was last observed hovering at around $18.29 in the last trading session, with the day’s loss setting it -0.06%.
Currently trading at $18.23, the stock is -4.06% and -11.85% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.26 million and changing -0.33% at the moment leaves the stock -8.18% off its SMA200. FRSH registered 31.72% gain for a year compared to 6-month gain of -5.93%. The firm has a 50-day simple moving average (SMA 50) of $7.16 and a 200-day simple moving average (SMA200) of -$27.04.
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The stock witnessed a -9.98% loss in the last 1 month and extending the period to 3 months gives it a -24.29%, and is 1.45% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.56% over the week and 3.59% over the month.
Freshworks Inc (FRSH) has around 4900 employees, a market worth around $5.41B and $596.43M in sales. Fwd P/E is 44.00. Profit margin for the company is -23.04%. Distance from 52-week low is 49.18% and -27.01% from its 52-week high. The company has generated returns on investments over the last 12 months (-12.50%).
Freshworks Inc quarterly earnings per share for the current quarter are estimated at $0.08 with sales reaching $163.73M over the same period.The EPS is expected to grow by 16.71% this year, but quarterly earnings will post 18.80% year-over-year. Quarterly sales are estimated to grow 18.90% in year-over-year returns.
Freshworks Inc (FRSH) Top Institutional Holders
325 institutions hold shares in Freshworks Inc (FRSH), with institutional investors hold 83.52% of the company’s shares. The shares outstanding are 208.94M, and float is at 162.60M with Short Float at 6.25%. Institutions hold 80.08% of the Float.
The top institutional shareholder in the company is Vanguard Group Inc with over 19.82 million shares valued at $361.26 million. The investor’s holdings represent 9.08% of the FRSH Shares outstanding. As of Dec 30, 2023, the second largest holder is Westbridge Capital Management, LLC with 16.51 million shares valued at $301.02 million to account for 7.57% of the shares outstanding. The other top investors are Sequoia Capital India Operations II, LLC which holds 14.63 million shares representing 6.71% and valued at over $266.72 million, while Blackrock Inc. holds 6.16% of the shares totaling 13.45 million with a market value of $245.12 million.
Freshworks Inc (FRSH) Insider Activity
The most recent transaction is an insider sale by Taylor Jennifer H,the company’sDirector. SEC filings show that Taylor Jennifer H sold 7,028 shares of the company’s common stock on Mar 11 ’24 at a price of $19.07 per share for a total of $0.13 million. Following the sale, the insider now owns 19490.0 shares.
Freshworks Inc disclosed in a document filed with the SEC on Mar 11 ’24 that Flower Johanna (Director) sold a total of 4,800 shares of the company’s common stock. The trade occurred on Mar 11 ’24 and was made at $19.05 per share for $91440.0. Following the transaction, the insider now directly holds 23451.0 shares of the FRSH stock.
Still, SEC filings show that on Mar 01 ’24, PADGETT BARRY L. (Director) disposed off 4,690 shares at an average price of $20.22 for $94832.0. The insider now directly holds 17,387 shares of Freshworks Inc (FRSH).
