Freshworks Inc (NASDAQ: FRSH) is -51.13% lower on its value in year-to-date trading and has touched a low of $10.89 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 $11.44 in the last trading session, with the day’s gains setting it 0.04%.
Currently trading at $11.48, the stock is 1.36% and -2.29% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.56 million and changing 0.35% at the moment leaves the stock -29.72% off its SMA200. FRSH registered -41.31% loss for a year compared to 6-month loss of -37.10%. The firm has a 50-day simple moving average (SMA 50) of $11.7172 and a 200-day simple moving average (SMA200) of $16.285.
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The stock witnessed a -2.05% gain in the last 1 month and extending the period to 3 months gives it a -10.38%, and is 2.04% 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 2.80% over the week and 2.63% over the month.
Freshworks Inc (FRSH) has around 4900 employees, a market worth around $3.47B and $652.93M in sales. Fwd P/E is 28.07. Profit margin for the company is -15.72%. Distance from 52-week low is 5.42% and -54.03% from its 52-week high. The company has generated returns on investments over the last 12 months (-8.98%).
The EPS is expected to grow by 28.31% this year.
Freshworks Inc (FRSH) Top Institutional Holders
317.0 institutions hold shares in Freshworks Inc (FRSH), with institutional investors hold 86.78% of the company’s shares. The shares outstanding are 208.94M, and float is at 168.48M with Short Float at 8.29%. Institutions hold 84.22% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 23.06 million shares valued at $292.58 million. The investor’s holdings represent 7.7403% of the FRSH Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 16.12 million shares valued at $204.62 million to account for 5.4134 of the shares outstanding. The other top investors are SEQUOIA CAPITAL INDIA OPERATIONS II, LLC which holds 14.63 million shares representing 4.9118% and valued at over $185.66 million, while WESTBRIDGE CAPITAL MANAGEMENT, LLC holds 4.584 of the shares totaling 13.65 million with a market value of $173.27 million.
Freshworks Inc (FRSH) Insider Activity
The most recent transaction is an insider sale by Taylor Jennifer H, the company’s Director. SEC filings show that Taylor Jennifer H sold 4,685 shares of the company’s common stock on Sep 10 ’24 at a price of $11.17 per share for a total of $52331.0. Following the sale, the insider now owns 35853.0 shares.
Freshworks Inc disclosed in a document filed with the SEC on Sep 09 ’24 that AUSTIN ROXANNE S (Director) sold a total of 6,298 shares of the company’s common stock. The trade occurred on Sep 09 ’24 and was made at $11.48 per share for $72301.0. Following the transaction, the insider now directly holds 0.22 million shares of the FRSH stock.
Still, SEC filings show that on Sep 09 ’24, ROXANNE S AUSTIN (Director) Proposed Sale 6,298 shares at an average price of $11.48 for $72293.0. The insider now directly holds shares of Freshworks Inc (FRSH).
