Freshworks Inc’s recent filing unveils that its Director Taylor Jennifer H unloaded Company’s shares for reported $0.13 million on Apr 10 ’24. In the deal valued at $18.08 per share,7,035 shares were sold. As a result of this transaction, Taylor Jennifer H now holds 19,991 shares worth roughly $0.34 million.
Then, Flower Johanna sold 4,800 shares, generating $86,928 in total proceeds. Upon selling the shares at $18.11, the Director now owns 23,998 shares.
Before that, PADGETT BARRY L. sold 780 shares. Freshworks Inc shares valued at $14,196 were divested by the Director at a price of $18.20 per share. As a result of the transaction, PADGETT BARRY L. now holds 17,387 shares, worth roughly $0.3 million.
Wolfe Research upgraded its Freshworks Inc [FRSH] rating to an Outperform from a a Peer perform in a research note published recently. A number of analysts have revised their coverage, including Jefferies’s analysts, who increased its forecast for the stock in early January from “a Hold” to “a Buy”. Needham also remained covering FRSH and reiterated its “Buy” recommendation on December 28, 2023. Canaccord Genuity revised its rating on August 02, 2023. It rated FRSH as “a Buy” which previously was an “a Hold”.
Price Performance Review of FRSH
On Monday, Freshworks Inc [NASDAQ:FRSH] saw its stock fall -4.79% to $17.10. Over the last five days, the stock has lost -8.26%. Freshworks Inc shares have fallen nearly -27.20% since the year began. Nevertheless, the stocks have risen 19.66% over the past one year. While a 52-week high of $24.98 was reached on 01/12/24, a 52-week low of $12.22 was recorded on 04/15/24. SMA at 50 days reached $19.35, while 200 days put it at $19.97. A total of 1.84 million shares were traded, compared to the trading of 2.19 million shares in the previous session.
Levels Of Support And Resistance For FRSH Stock
The 24-hour chart illustrates a support level at 16.66, which if violated will result in even more drops to 16.23. On the upside, there is a resistance level at 17.87. A further resistance level may holdings at 18.65. The Relative Strength Index (RSI) on the 14-day chart is 35.23, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.28, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 94.79%. Stochastics %K at 29.89% indicates the stock is a holding.
The most recent change occurred on August 02, 2023 when Oppenheimer resumed its ‘”an Outperform”‘ rating for the stock and retained the price target to $23.
