Freshworks Inc (NASDAQ: FRSH) is 9.15% higher on its value in year-to-date trading and has touched a low of $10.81 and a high of $21.07 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 $17.60 in the last trading session, with the day’s gains setting it 0.05%.
Currently trading at $17.65, the stock is -2.82% and 3.53% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.53 million and changing 0.28% at the moment leaves the stock 27.72% off its SMA200. FRSH registered -14.78% loss for a year compared to 6-month gain of 53.75%.
The stock witnessed a 1.20% loss in the last 1 month and extending the period to 3 months gives it a 8.15%, and is -1.18% down 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 6.12% over the week and 4.63% over the month.
Freshworks Inc (FRSH) has around 4900 employees, a market worth around $5.35B and $720.42M in sales. Fwd P/E is 26.99. Profit margin for the company is -13.24%. Distance from 52-week low is 63.27% and -16.23% from its 52-week high. The company has generated returns on investments over the last 12 months (-8.16%).
with sales reaching $191.9M over the same period.The EPS is expected to grow by 22.86% this year, but quarterly earnings will post 13.21% year-over-year. Quarterly sales are estimated to grow 16.20% in year-over-year returns.
The shares outstanding are 302.85M, and float is at 176.35M with Short Float at 4.46%.
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 4.8801 and valued at over $185.66 million, while WESTBRIDGE CAPITAL MANAGEMENT, LLC holds 4.5544 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 AUSTIN ROXANNE S, the company’s Director. SEC filings show that AUSTIN ROXANNE S sold 6,303 shares of the company’s common stock on Feb 13 ’25 at a price of $17.56 per share for a total of $0.11 million. Following the sale, the insider now owns 0.19 million shares.
Freshworks Inc disclosed in a document filed with the SEC on Feb 13 ’25 that Flower Johanna (Director) sold a total of 750 shares of the company’s common stock. The trade occurred on Feb 13 ’25 and was made at $18.01 per share for $13508.0. Following the transaction, the insider now directly holds 41491.0 shares of the FRSH stock.
Still, SEC filings show that on Feb 13 ’25, Taylor Jennifer H (Director) disposed off 4,690 shares at an average price of $17.25 for $80902.0. The insider now directly holds 37,286 shares of Freshworks Inc (FRSH).
