Stocks of Freshworks Inc (NASDAQ:FRSH) traded higher last session on Wall Street, up 2.32% to $16.35.
FRSH stock price is now 23.46% away from the 50-day moving average and 15.14% away from the 200-day moving average. The market capitalization of the company currently stands at $4.95B.
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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, NELSON ZACHARY, Director sold 8,442 shares of the company’s stock on Dec 02 ’24. The stock was sold for $136,254 at an average price of $16.14. Upon completion of the transaction, the Director now directly owns 23,497 shares in the company, valued at $0.38 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 02 ’24, Director ZACHARY NELSON bought 25,317 shares of the business’s stock. A total of $404,819 was incurred on buying the stock at an average price of $15.99. A total of 44.12% 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 3.20, and a quick ratio of 3.20. The fifty day moving average price for FRSH is $13.1428 and a two-hundred day moving average price translates $14.2228 for the stock.
The latest earnings results from Freshworks Inc (NASDAQ: FRSH) was released for 2024-09-30. The net profit margin was -14.80% and return on equity was -9.26% for FRSH. The company reported revenue of $186.57 million for the quarter, compared to $153.55 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 21.51 percent.
