Freshworks Inc., a software development company, provides modern software-as-a-service products worldwide. Freshworks Inc. was formerly known as Freshdesk Inc. and changed its name to Freshworks Inc. in June 2017. The company was incorporated in 2010 and is headquartered in San Mateo, California.
Analyst Ratings Changes
FRSH has been the topic of a number of recent analyst reports. Needham & Company LLC reduced their price target on shares of Freshworks from $40.00 to $25.00 in a research report on Wednesday, May 4th. Oppenheimer decreased their price target on shares of Freshworks from $26.00 to $18.00 and set an "outperform" rating on the stock in a research note on Wednesday. Robert W. Baird decreased their price target on shares of Freshworks from $40.00 to $20.00 in a research note on Wednesday. Wolfe Research boosted their price objective on shares of Freshworks from $14.00 to $15.50 and gave the company an "outperform" rating in a report on Thursday. Finally, StockNews.com raised shares of Freshworks to a "sell" rating in a report on Monday, May 9th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $18.23.
Freshworks Stock Performance
Shares of Freshworks stock traded down $0.09 on Friday, reaching $15.31. 2,029,491 shares of the stock were exchanged, compared to its average volume of 2,554,806. The firm's 50 day moving average is $13.47 and its 200-day moving average is $16.69. Freshworks has a one year low of $10.51 and a one year high of $53.36. The firm has a market cap of $4.35 billion and a PE ratio of -0.60.
Insider Buying and Selling
In other Freshworks news, Director Randy Gottfried sold 33,750 shares of the company's stock in a transaction that occurred on Monday, May 16th. The shares were sold at an average price of $15.59, for a total value of $526,162.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Freshworks news, Director Johanna Flower sold 4,700 shares of the firm's stock in a transaction on Monday, July 11th. The shares were sold at an average price of $14.96, for a total value of $70,312.00. Following the transaction, the director now directly owns 16,110 shares of the company's stock, valued at $241,005.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Randy Gottfried sold 33,750 shares of the firm's stock in a transaction on Monday, May 16th. The shares were sold at an average price of $15.59, for a total transaction of $526,162.50. The disclosure for this sale can be found here. Insiders sold a total of 293,938 shares of company stock worth $3,624,058 in the last three months. 29.12% of the stock is owned by corporate insiders.