The stock of Freshworks Inc (NASDAQ:FRSH) last traded at $11.57, up 3.67% from the previous session.
FRSH stock price is now -3.63% away from the 50-day moving average and -30.55% away from the 200-day moving average. The market capitalization of the company currently stands at $3.50B.
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With the price target reduced from $28 to $16, Robert W. Baird Downgraded its rating from Outperform to Neutral for Freshworks Inc (NASDAQ: FRSH). , while ‘Wolfe Research’ rates the stock as ‘Outperform’
In other news, Taylor Jennifer H, Director sold 4,685 shares of the company’s stock on Sep 10 ’24. The stock was sold for $52,331 at an average price of $11.17. Upon completion of the transaction, the Director now directly owns 35,853 shares in the company, valued at $0.41 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Sep 09 ’24, Director AUSTIN ROXANNE S sold 6,298 shares of the business’s stock. A total of $72,301 was realized by selling the stock at an average price of $11.48. This leaves the insider owning 216,808 shares of the company worth $2.51 million. A total of 44.20% of the company’s stock is owned by insiders.
During the past 12 months, Freshworks Inc has had a low of $10.96 and a high of $24.98. As of last week, the company has a debt-to-equity ratio of 0.03, a current ratio of 3.19, and a quick ratio of 3.19. The fifty day moving average price for FRSH is $11.99 and a two-hundred day moving average price translates $16.6115 for the stock.
The latest earnings results from Freshworks Inc (NASDAQ: FRSH) was released for 2024-06-30. The net profit margin was -15.72% and return on equity was -9.45% for FRSH. The company reported revenue of $174.13 million for the quarter, compared to $145.08 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 20.02 percent.
