Freshworks Inc (NASDAQ: FRSH) is -29.71% lower on its value in year-to-date trading and has touched a low of $10.81 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 $16.44 in the last trading session, with the day’s gains setting it 0.07%.
Currently trading at $16.51, the stock is 32.57% and 40.62% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 6.23 million and changing 0.43% at the moment leaves the stock 12.67% off its SMA200. FRSH registered -3.17% loss for a year compared to 6-month loss of 20.16%. The firm has a 50-day simple moving average (SMA 50) of $11.644 and a 200-day simple moving average (SMA200) of $14.68185.
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The stock witnessed a 43.94% gain in the last 1 month and extending the period to 3 months gives it a 46.89%, and is 35.00% 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 4.56% over the week and 3.24% over the month.
Freshworks Inc (FRSH) has around 4900 employees, a market worth around $4.87B and $685.96M in sales. Fwd P/E is 31.82. Profit margin for the company is -14.80%. Distance from 52-week low is 52.73% and -33.89% from its 52-week high. The company has generated returns on investments over the last 12 months (-8.75%).
with sales reaching $189.54M over the same period.The EPS is expected to grow by 49.79% this year, but quarterly earnings will post 19.90% year-over-year. Quarterly sales are estimated to grow 18.40% in year-over-year returns.
Freshworks Inc (FRSH) Top Institutional Holders
335.0 institutions hold shares in Freshworks Inc (FRSH), with institutional investors hold 85.69% of the company’s shares. The shares outstanding are 208.94M, and float is at 165.10M with Short Float at 7.64%. Institutions hold 83.29% 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 NELSON ZACHARY, the company’s Director. SEC filings show that NELSON ZACHARY sold 8,433 shares of the company’s common stock on Nov 04 ’24 at a price of $12.19 per share for a total of $0.1 million. Following the sale, the insider now owns 23497.0 shares.
Freshworks Inc disclosed in a document filed with the SEC on Oct 10 ’24 that Taylor Jennifer H (Director) sold a total of 4,690 shares of the company’s common stock. The trade occurred on Oct 10 ’24 and was made at $11.06 per share for $51871.0. Following the transaction, the insider now directly holds 36689.0 shares of the FRSH stock.
Still, SEC filings show that on Oct 09 ’24, AUSTIN ROXANNE S (Director) disposed off 6,303 shares at an average price of $11.10 for $69963.0. The insider now directly holds 211,787 shares of Freshworks Inc (FRSH).
