Freshworks Inc (NASDAQ: FRSH) is 7.85% higher on its value in year-to-date trading and has touched a low of $10.81 and a high of $23.30 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The FRSH stock was last observed hovering at around $17.44 in the last trading session, with the day’s loss setting it 0.0%.
Currently trading at $17.44, the stock is 7.85% and 7.84% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.19 million and changing 0.00% at the moment leaves the stock 26.27% off its SMA200. FRSH registered -21.79% loss for a year compared to 6-month gain of 33.23%. The firm has a 50-day simple moving average (SMA 50) of $16.0724 and a 200-day simple moving average (SMA200) of $13.81245.
The stock witnessed a 3.87% loss in the last 1 month and extending the period to 3 months gives it a 54.61%, and is 11.79% 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 3.58% over the week and 3.67% over the month.
Freshworks Inc (FRSH) has around 4900 employees, a market worth around $5.28B and $685.96M in sales. Fwd P/E is 33.59. Profit margin for the company is -14.80%. Distance from 52-week low is 61.33% and -25.15% from its 52-week high. The company has generated returns on investments over the last 12 months (-8.75%).
with sales reaching $189.5M over the same period.The EPS is expected to grow by 49.90% this year, but quarterly earnings will post 19.94% year-over-year. Quarterly sales are estimated to grow 18.36% in year-over-year returns.
Freshworks Inc (FRSH) Top Institutional Holders
347.0 institutions hold shares in Freshworks Inc (FRSH), with institutional investors hold 83.86% of the company’s shares. The shares outstanding are 232.73M, and float is at 172.27M with Short Float at 4.90%. Institutions hold 81.58% 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 Jan 10 ’25 at a price of $15.49 per share for a total of $72571.0. Following the sale, the insider now owns 37286.0 shares.
Freshworks Inc disclosed in a document filed with the SEC on Jan 10 ’25 that AUSTIN ROXANNE S (Director) sold a total of 6,303 shares of the company’s common stock. The trade occurred on Jan 10 ’25 and was made at $15.69 per share for $98894.0. Following the transaction, the insider now directly holds 0.19 million shares of the FRSH stock.
Still, SEC filings show that on Jan 10 ’25, ROXANNE S AUSTIN (Director) Proposed Sale 6,303 shares at an average price of $15.69 for $98903.0. The insider now directly holds shares of Freshworks Inc (FRSH).
