The Insider Activity Report For Freshworks Inc. (FRSH): Who’s Selling?

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Freshworks Inc. (NASDAQ:FRSH) finished Friday with an addition of $0.19 to close at $14.71, an upside of 1.31 percent. An average of 785,720 shares of common stock have been traded in the last five days. There was a gain of $0.65 in the past week, and it reached a new high 2 times over the past 12 months. The last 20 days have seen an average of 1,344,790 shares traded, while the 50-day average volume stands at 1,250,518.

FRSH stock has decreased by -0.47% in the last month. The company shares reached their 1-month lowest point of $13.42 on 12/28/22. With the stock rallying to its 52-week high on 01/03/22, shares of the company touched a low of $10.51 and a high of $26.81 in 52 weeks. It has reached a new high 1 time so far this year and lost -43.98% or -$11.55 in price. In spite of this, the price is down -45.13% from the 52-week high.

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Insider Transactions

FRSH stock investors should be aware that Freshworks Inc. (FRSH) stock had its last reported insider trading activity 1 day ago on Dec 30. In this transaction, the insider spent $95,010. Director, Flower Johanna, disposed of 4,700 shares at a price of $15.49 on Dec 12. The insider now owns more than $72,803 worth of shares. Prior to that, Director Taylor Jennifer H went on to Sale 4,685 shares at $15.48 each on Dec 12. An amount of $72,524 was transacted.

Valuation Metrics

Freshworks Inc. (FRSH) has a trailing price-to-sales (P/S) ratio at 9.15, the price-to-book (PB) ratio at 3.98.

Financial Health

The quick ratio of Freshworks Inc. for the three months ended June 29 was 5.00, and the current ratio was 5.00, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.00 and a total debt to equity ratio of 0.00 for the quarter ending June 29. Its gross profit as reported stood at $292.99 million compared to revenue of $371.02 million.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Freshworks Inc.’s return on assets was -17.90%.

Earnings Surprise

For the three-month period that ended June 29, Freshworks Inc. had $719.22 million in cash. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of -$57.84 million in the quarter, while revenues of -$69.75 million were shrunk -4001.4%. The analyst consensus anticipated Freshworks Inc.’s latest quarter earnings to come in at -$0.07 per share, but it turned out to be -$0.06, a 14.30% surprise. For the quarter, EBITDA amounted to -$51.4 million. Shareholders own equity worth $287.92 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Freshworks Inc. (FRSH) price momentum. RSI 9-day as of the close on 30 December was 56.62%, suggesting the stock is Neutral, with historical volatility in this time frame at 46.34%.

As of today, FRSH’s price is $14.12 +4.62% or $0.65 from its 5-day moving average. FRSH is currently trading -3.16% lower than its 20-day SMA and -2.00% lower than its 100-day SMA. However, the stock’s current price level is +13.24% above the SMA50 and -20.57% below the SMA200.

The stochastic %K and %D were 26.65% and 17.55%, respectively, and the average true range (ATR) was 0.80. With the 14-day stochastic at 37.75% and the average true range at 0.84, the RSI (14) stands at 54.34%. The stock has reached 0.13 on the 9-day MACD Oscillator while the 14-day reading was at -0.16.

Analyst Ratings

Wolfe Research downgraded Freshworks Inc. (NASDAQ: FRSH) to a a Peer perform rating in its most recent analyst report. Previously, the stock was rated as an Outperform. The consensus rating for Freshworks Inc. (FRSH) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell FRSH, while 8 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 1 analysts, while 6 others rate it as a “buy”.

What is FRSH’s price target for the next 12 months?

Analysts predict a range of price targets between $14.00 and $25.00, with a median target of $16.00. Taking a look at these predictions, the average price target given by analysts for Freshworks Inc. (FRSH) stock is $17.14.


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