Freshworks (FRSH) Set to Announce Earnings on Wednesday

Freshworks (NASDAQ:FRSH) will be posting its quarterly earnings results after the market closes on Wednesday, November 6th. Analysts expect Freshworks to post earnings of $0.08 per share for the quarter. Individual that are interested in registering for the company’s earnings conference call can do so using this link.

Freshworks Price Performance

Shares of Freshworks stock opened at $12.05 on Monday. The firm has a market cap of $3.64 billion, a price-to-earnings ratio of -34.43 and a beta of 0.72. Freshworks has a one year low of $10.81 and a one year high of $24.98. The stock’s 50-day moving average is $11.41 and its 200-day moving average is $12.70.

Analyst Ratings Changes

A number of equities analysts have weighed in on FRSH shares. Barclays reduced their price target on Freshworks from $15.00 to $14.00 and set an “equal weight” rating for the company in a research report on Wednesday, July 31st. Scotiabank decreased their target price on shares of Freshworks from $18.00 to $16.00 and set a “sector perform” rating for the company in a research report on Wednesday, July 31st. Piper Sandler cut their price target on shares of Freshworks from $17.00 to $13.00 and set an “overweight” rating on the stock in a research report on Thursday, October 10th. Canaccord Genuity Group decreased their price objective on Freshworks from $20.00 to $17.00 and set a “buy” rating for the company in a report on Wednesday, July 10th. Finally, Cantor Fitzgerald dropped their target price on Freshworks from $19.00 to $18.00 and set an “overweight” rating on the stock in a report on Wednesday, July 31st. Seven equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, Freshworks currently has an average rating of “Moderate Buy” and a consensus target price of $17.54.

Insider Transactions at Freshworks

In related news, Director Zachary Nelson sold 8,442 shares of the stock in a transaction on Wednesday, October 2nd. The stock was sold at an average price of $11.04, for a total value of $93,199.68. Following the sale, the director now owns 23,497 shares in the company, valued at approximately $259,406.88. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, Director Jennifer H. Taylor sold 4,690 shares of the business’s stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of $11.23, for a total transaction of $52,668.70. Following the completion of the sale, the director now owns 35,853 shares in the company, valued at $402,629.19. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Zachary Nelson sold 8,442 shares of the company’s stock in a transaction that occurred on Wednesday, October 2nd. The shares were sold at an average price of $11.04, for a total value of $93,199.68. Following the completion of the transaction, the director now directly owns 23,497 shares in the company, valued at $259,406.88. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 38,023 shares of company stock worth $427,304. 19.15% of the stock is owned by company insiders.

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.