Is Freshworks Inc (NASDAQ: FRSH) Still On The Rise?

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Yahoo Finance discussed the stock recently as it posted Freshworks to Announce First Quarter 2024 Financial Results on May 1, 2024.

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Stocks Info

This NASDAQ-listed company operates within the Software – Application industry segment, falling under the Technology sector. At the end of the last regular session, the stock closed at $18.76 and fluctuated between $18.92 as its day high and $18.56 as its day low. The current market capitalization of Freshworks Inc is $5.59B. A total of 1.82 million shares were traded on the day, compared to an average of 2.60M shares.

In the most recent transaction, PADGETT BARRY L. sold 780 shares of FRSH for 18.20 per share on Apr 01 ’24. After the transaction, the Director now owns 17,387 company shares. In a previous transaction on Mar 11 ’24, Taylor Jennifer H sold 7,028 shares at 19.07 per share. FRSH shares that Director owns now total 19,490.

Among the insiders who sold shares, Flower Johanna disposed of 4,800 shares on Mar 11 ’24 at a per-share price of $19.05. This resulted in the Director holding 23,451 shares of FRSH after the transaction. In another insider transaction, PADGETT BARRY L. sold 4,690 shares at $20.22 per share on Mar 01 ’24. Company shares held by the Director now total 17,387.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. In terms of 52-week highs and lows, FRSH has a high of $24.98 and a low of $12.22.

As of this writing, FRSH has an earnings estimate of $0.08 per share for the current quarter. EPS was calculated based on a consensus of 16 estimates, with a high estimate of $0.08 per share and a lower estimate of $0.07. The company reported an EPS of $0.08 in the last quarter, which was 60.00% higher than expectations of $0.05.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. FRSH’s latest balance sheet shows that the firm has $1.32B in Cash & Short Term Investments as of fiscal 2021. There were $0.00 in debt and $223.35M in liabilities at the time. Its Book Value Per Share was $3.61, while its Total Shareholder’s Equity was $1.24B.

Analysts Opinion

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. 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 4.35.

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