Freshworks Inc (NASDAQ: FRSH) is -11.38% lower on its value in year-to-date trading and has touched a low of $10.81 and a high of $19.77 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 $14.11 in the last trading session, with the day’s gains setting it 0.22%.
Currently trading at $14.33, the stock is -6.13% and -14.68% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.87 million and changing 1.56% at the moment leaves the stock 1.20% off its SMA200. FRSH registered -21.31% loss for a year compared to 6-month gain of 25.26%. The firm has a 50-day simple moving average (SMA 50) of $16.795 and a 200-day simple moving average (SMA200) of $14.16025.
The stock witnessed a -12.25% loss in the last 1 month and extending the period to 3 months gives it a -10.10%, and is -12.89% 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 4.54% over the week and 3.97% over the month.
Freshworks Inc (FRSH) has around 4400 employees, a market worth around $4.32B and $720.42M in sales. Fwd P/E is 21.91. Profit margin for the company is -13.24%. Distance from 52-week low is 32.56% and -27.52% from its 52-week high. The company has generated returns on investments over the last 12 months (-8.16%).
The EPS is expected to grow by 22.86% this year.
Freshworks Inc (FRSH) Top Institutional Holders
378.0 institutions hold shares in Freshworks Inc (FRSH), with institutional investors hold 91.36% of the company’s shares. The shares outstanding are 244.97M, and float is at 184.98M with Short Float at 3.88%. Institutions hold 84.80% 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 5.3784 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 PADGETT BARRY L., the company’s Director. SEC filings show that PADGETT BARRY L. sold 780 shares of the company’s common stock on Apr 01 ’25 at a price of $14.09 per share for a total of $10990.0. Following the sale, the insider now owns 26957.0 shares.
Still, SEC filings show that on Apr 01 ’25, BARRY L. PADGETT (Director) Proposed Sale 2,340 shares at an average price of $14.11 for $33017.0. The insider now directly holds shares of Freshworks Inc (FRSH).
