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Tuesday, June 6, 2023

Freshworks Inc. (NASDAQ: FRSH) May Be Attracting Institutional Investments

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. After-hours trades for Freshworks Inc. (FRSH) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.21, or 1.46%, to $14.61. The Freshworks Inc. has recorded 99,938 volume in the after hours trading session. Recently, Yahoo Finance discussed the stock, revealing that Freshworks to Participate in Upcoming Investor Conferences.

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Stocks Info

Freshworks Inc. is listed on the NASDAQ as a member of the Technology sector and is a part of the Software – Application industry. At the end of the last regular session, the stock closed at $14.40 and fluctuated between $14.60 as its day high and $14.16 as its day low. The current market capitalization of Freshworks Inc. is $4.07B. A total of 1.07 million shares were traded on the day, compared to an average of 1.55M shares.

Insider Activity

Additionally, investors take into account insider trades when predicting how a stock will perform. During the recent three months, FRSH has seen 5 BUY and 3 SELL insider trades, representing the acquisition of 51,069 and the disposition of 26,400 shares. Over the last 12 months, there were 109 BUYs and 20 SELLs from insiders. Insiders purchased 13,564,410 shares during that period but sold 4,641,812.

In the most recent transaction, Flower Johanna sold 4,700 shares of FRSH for 13.74 per share on May 10. After the transaction, the Director now owns 18,189 company shares. In a previous transaction on May 10, Taylor Jennifer H sold 4,485 shares at 13.74 per share. FRSH shares that Director owns now total 17,816.

Among the insiders who sold shares, PADGETT BARRY L. disposed of 6,566 shares on May 05 at a per-share price of $13.05. This resulted in the Director holding 16,428 shares of FRSH after the transaction. In another insider transaction, NELSON ZACHARY sold 8,433 shares at $12.56 per share on May 04. Company shares held by the Director now total 16,230.

Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. According to analysts who have offered 12-month price targets for FRSH in the last 3 months, the mean price target is $17.80 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 $18.14 and a low of $10.51.

As of this writing, FRSH has an earnings estimate of $0.02 per share for the current quarter. EPS was calculated based on a consensus of 17 estimates, with a high estimate of $0.02 per share and a lower estimate of $0. The company reported an EPS of $0.01 in the last quarter, which was 125.00% higher than expectations of -$0.04.

Balance Sheet Annually/Quarterly

A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. Investors can determine the company’s prospects by calculating its financial ratios based on this information. FRSH’s latest balance sheet shows that the firm has $1.32B in Cash & Short Term Investments as of fiscal 2021. Its Book Value Per Share was $3.62, while its Total Shareholder’s Equity was $1.24B.

Analysts Opinion

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. Currently, 0 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 Buy with a score of 4.00.

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