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Wednesday, February 1, 2023

Freshworks Inc. (NASDAQ: FRSH) Could Achieve Gains In The Near Future

After Hours

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. After-hours trades for Freshworks Inc. (FRSH) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.07, or 0.48%, to $14.63. The Freshworks Inc. has recorded 26,567 volume in the after hours trading session. Yahoo Finance discussed the stock recently as it posted Freshworks to Announce Fourth Quarter 2022 and Full Year 2022 Financial Results on February 7, 2023.

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Stocks Info

Freshworks Inc. is listed on the NASDAQ in the Technology sector while operating in the Software – Application industry. At the end of the last regular session, the stock closed at $14.56 and fluctuated between $14.62 as its day high and $14.17 as its day low. The current market capitalization of Freshworks Inc. is $4.21B. A total of 1.77 million shares were traded on the day, compared to an average of 1.25M shares.

Insider Activity

Insider trades are also considered as indicators of how a stock will perform in the future, in addition to stock predictions. During the recent three months, FRSH has seen 38 BUY and 6 SELL insider trades, representing the acquisition of 3,056,450 and the disposition of 63,807 shares. Over the last 12 months, there were 107 BUYs and 19 SELLs from insiders. Insiders purchased 14,200,943 shares during that period but sold 3,402,970.

In the most recent transaction, Taylor Jennifer H sold 4,685 shares of FRSH for 14.29 per share on Jan 10. After the transaction, the Director now owns 17,190 company shares. In a previous transaction on Jan 10, Flower Johanna sold 4,700 shares at 14.30 per share. FRSH shares that Director owns now total 17,506.

Among the insiders who sold shares, PADGETT BARRY L. disposed of 6,566 shares on Dec 30 at a per-share price of $14.47. This resulted in the Director holding 16,428 shares of FRSH after the transaction. In another insider transaction, GANDHI SAMEER K bought 34,000 shares at $14.78 per share on Dec 14. Company shares held by the Director now total 3,112,212.

Despite rarely being accurate, price targets can exert some form of influence at times, and are often regarded as valuable by markets. According to analysts who have offered 12-month price targets for FRSH in the last 3 months, the mean price target is $17.00 with high estimates of $25.00 and low estimates of $14.00. In terms of 52-week highs and lows, FRSH has a high of $25.78 and a low of $10.51.

As of this writing, FRSH has an earnings estimate of -$0.05 per share for the current quarter. EPS was calculated based on a consensus of 14 estimates, with a high estimate of -$0.05 per share and a lower estimate of -$0.06. The company reported an EPS of -$0.01 in the last quarter, which was 80.00% higher than expectations of -$0.05.

Balance Sheet Annually/Quarterly

As well as showing the assets and liabilities of the company, the balance sheet also shows the amount invested in equity by investors. Investors can analyze a company’s future prospects by calculating its financial ratios based on this information.

Analysts Opinion

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. Currently, 15 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for FRSH is Underweight with a score of 3.73. A total of 5 analysts rated the stock as Buy while 1 rated it as Overweight while 9 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 0 thought it should be Sold.

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