Freshworks Inc (NASDAQ: FRSH) is -29.97% 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 $16.54 in the last trading session, with the day’s loss setting it -0.09%.
Currently trading at $16.45, the stock is 11.55% and 29.83% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.6 million and changing -0.54% at the moment leaves the stock 14.66% off its SMA200. FRSH registered -12.92% loss for a year compared to 6-month loss of 23.04%. The firm has a 50-day simple moving average (SMA 50) of $12.5634 and a 200-day simple moving average (SMA200) of $14.37295.
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The stock witnessed a 41.57% gain in the last 1 month and extending the period to 3 months gives it a 35.50%, and is 9.59% 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 4.12% over the week and 3.91% over the month.
Freshworks Inc (FRSH) has around 4900 employees, a market worth around $4.98B and $685.96M in sales. Fwd P/E is 31.70. Profit margin for the company is -14.80%. Distance from 52-week low is 52.17% and -34.13% from its 52-week high. The company has generated returns on investments over the last 12 months (-8.75%).
The EPS is expected to grow by 49.89% this year.
Freshworks Inc (FRSH) Top Institutional Holders
345.0 institutions hold shares in Freshworks Inc (FRSH), with institutional investors hold 83.85% of the company’s shares. The shares outstanding are 208.94M, and float is at 161.50M with Short Float at 7.74%. Institutions hold 81.50% 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 Nov 11 ’24 at a price of $16.44 per share for a total of $77021.0. Following the sale, the insider now owns 36689.0 shares.
Freshworks Inc disclosed in a document filed with the SEC on Nov 11 ’24 that AUSTIN ROXANNE S (Director) sold a total of 6,303 shares of the company’s common stock. The trade occurred on Nov 11 ’24 and was made at $16.44 per share for $0.1 million. Following the transaction, the insider now directly holds 0.21 million shares of the FRSH stock.
Still, SEC filings show that on Nov 11 ’24, ROXANNE S AUSTIN (Director) Proposed Sale 6,303 shares at an average price of $16.44 for $0.1 million. The insider now directly holds shares of Freshworks Inc (FRSH).
