In yesterday’s Wall Street session, Freshworks Inc (NASDAQ:FRSH) shares traded at $11.70, down -1.43% from the previous session.
FRSH stock price is now 2.58% away from the 50-day moving average and -21.59% away from the 200-day moving average. The market capitalization of the company currently stands at $3.53B.
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With the price target of $11, Wells Fargo recently initiated with Equal Weight rating for Freshworks Inc (NASDAQ: FRSH). On May 02, 2024, Robert W. Baird Downgraded its previous ‘Outperform’ rating to ‘Neutral’ on the stock reducing its target price from $28 to quote $16, while ‘Oppenheimer’ rates the stock as ‘Perform’
In other news, Taylor Jennifer H, Director sold 4,690 shares of the company’s stock on Oct 10 ’24. The stock was sold for $51,871 at an average price of $11.06. Upon completion of the transaction, the Director now directly owns 36,689 shares in the company, valued at $0.43 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Oct 09 ’24, Director AUSTIN ROXANNE S sold 6,303 shares of the business’s stock. A total of $69,963 was realized by selling the stock at an average price of $11.10. This leaves the insider owning 211,787 shares of the company worth $2.48 million. A total of 44.23% of the company’s stock is owned by insiders.
During the past 12 months, Freshworks Inc has had a low of $10.81 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 $11.406 and a two-hundred day moving average price translates $14.9217 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.
