Freshworks Inc. (NASDAQ:FRSH – Get Free Report) insider Mika Yamamoto sold 2,859 shares of the stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $18.29, for a total value of $52,291.11. Following the sale, the insider now owns 397,390 shares in the company, valued at $7,268,263.10. The trade was a 0.71 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link.
Mika Yamamoto also recently made the following trade(s):
- On Thursday, January 2nd, Mika Yamamoto sold 2,859 shares of Freshworks stock. The shares were sold at an average price of $15.84, for a total transaction of $45,286.56.
- On Tuesday, December 17th, Mika Yamamoto sold 5,718 shares of Freshworks stock. The stock was sold at an average price of $16.95, for a total transaction of $96,920.10.
Freshworks Price Performance
NASDAQ:FRSH opened at $18.49 on Wednesday. Freshworks Inc. has a 1-year low of $10.81 and a 1-year high of $22.78. The company has a 50-day moving average of $16.71 and a 200 day moving average of $13.88. The firm has a market cap of $5.60 billion, a PE ratio of -54.38 and a beta of 0.91.
Institutional Investors Weigh In On Freshworks
Wall Street Analyst Weigh In
Several brokerages recently commented on FRSH. Needham & Company LLC reiterated a “buy” rating and set a $20.00 price target on shares of Freshworks in a report on Wednesday, January 15th. Robert W. Baird cut their target price on Freshworks from $16.00 to $15.00 and set a “neutral” rating on the stock in a research note on Thursday, November 7th. Piper Sandler raised their price target on Freshworks from $18.00 to $20.00 and gave the stock an “overweight” rating in a research note on Monday, January 6th. Morgan Stanley boosted their price objective on Freshworks from $18.00 to $19.00 and gave the company an “equal weight” rating in a report on Monday, January 13th. Finally, Canaccord Genuity Group increased their target price on Freshworks from $17.00 to $19.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, Freshworks has a consensus rating of “Moderate Buy” and a consensus target price of $19.07.
Read Our Latest Stock Analysis on Freshworks
About Freshworks
Freshworks Inc, a software development company, provides software-as-a-service products worldwide. It offers Freshworks Customer Service Suite, which provides automated, personalized self-service on various channels, including web, chat, mobile messaging, email, and social; Freshdesk, a ticketing-centric customer service solution; Freshsuccess, a customer success solution; and Freshchat that provides agents with a modern conversational experience to proactively engage customers across digital messaging channels.
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