Freshworks Inc (NASDAQ: FRSH) is -12.62% 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 $14.07 in the last trading session, with the day’s gains setting it 0.06%.
Currently trading at $14.13, the stock is 8.47% and -4.97% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.94 million and changing 0.43% at the moment leaves the stock -0.46% off its SMA200. FRSH registered -23.70% loss for a year compared to 6-month gain of 26.61%. The firm has a 50-day simple moving average (SMA 50) of $14.8692 and a 200-day simple moving average (SMA200) of $14.19585.
The stock witnessed a -6.79% loss in the last 1 month and extending the period to 3 months gives it a -21.46%, and is 17.07% 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 4.26% over the week and 5.80% over the month.
Freshworks Inc (FRSH) has around 4400 employees, a market worth around $4.27B and $720.42M in sales. Fwd P/E is 21.78. Profit margin for the company is -13.24%. Distance from 52-week low is 30.71% and -28.53% 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 22.56% this year, but quarterly earnings will post 12.89% year-over-year. Quarterly sales are estimated to grow 16.20% in year-over-year returns.
Freshworks Inc (FRSH) Top Institutional Holders
387.0 institutions hold shares in Freshworks Inc (FRSH), with institutional investors hold 91.15% of the company’s shares. The shares outstanding are 244.97M, and float is at 185.50M with Short Float at 4.55%. Institutions hold 84.64% 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 7.6903% 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
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Freshworks Inc disclosed in a document filed with the SEC on Apr 01 ’25 that Yamamoto Mika (CHIEF CUST & MARKETING OFFICER) sold a total of 3,574 shares of the company’s common stock. The trade occurred on Apr 01 ’25 and was made at $14.20 per share for $50751.0. Following the transaction, the insider now directly holds 0.61 million shares of the FRSH stock.
Still, SEC filings show that on Apr 02 ’25, NELSON ZACHARY (Director) disposed off 8,442 shares at an average price of $14.52 for $0.12 million. The insider now directly holds 24,890 shares of Freshworks Inc (FRSH).
