Freshworks Inc (NASDAQ:FRSH) shares traded -1.66% lower at $15.40 on Wall Street last session.
FRSH stock price is now 6.82% away from the 50-day moving average and 9.94% away from the 200-day moving average. The market capitalization of the company currently stands at $4.66B.
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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, RATHNA GIRISH MATHRUBOOTHAM, Director bought 1,665,000 shares of the company’s stock on Dec 19 ’24. The stock was bought for $26,073,900 at an average price of $15.66. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 17 ’24, CHIEF CUST & MARKETING OFFICER Yamamoto Mika sold 5,718 shares of the business’s stock. A total of $96,920 was realized by selling the stock at an average price of $16.95. This leaves the insider owning 403,108 shares of the company worth $6.21 million. A total of 43.13% 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 $14.3334 and a two-hundred day moving average price translates $14.02415 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.
