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Robert W. Baird’s latest rating for FRSH stock

Freshworks Inc’s recently made public that its Director NELSON ZACHARY unloaded Company’s shares for reported $0.11 million on Jun 03 ’24. In the deal valued at $12.75 per share,8,442 shares were sold. As a result of this transaction, NELSON ZACHARY now holds 16,535 shares worth roughly $0.21 million.

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Then, PADGETT BARRY L. sold 780 shares, generating $10,530 in total proceeds. Upon selling the shares at $13.50, the Director now owns 17,387 shares.

Before that, Taylor Jennifer H sold 7,028 shares. Freshworks Inc shares valued at $96,565 were divested by the Director at a price of $13.74 per share. As a result of the transaction, Taylor Jennifer H now holds 19,991 shares, worth roughly $0.26 million.

Robert W. Baird downgraded its Freshworks Inc [FRSH] rating to a Neutral from a an Outperform in a research note published on May 02, 2024; the price target was decreased to $16 from $28. A number of analysts have revised their coverage, including Oppenheimer’s analysts, who decreased its forecast for the stock in early May from “an Outperform” to “a Perform”. Wolfe Research also remained covering FRSH and has increased its forecast on February 20, 2024 with a “an Outperform” recommendation from previously “Peer perform” rating. Jefferies revised its rating on January 05, 2024. 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 jump 0.55% to $12.80. Over the last five days, the stock has gained 0.47%. Freshworks Inc shares have fallen nearly -45.51% since the year began. Nevertheless, the stocks have fallen -18.47% over the past one year. While a 52-week high of $24.98 was reached on 01/12/24, a 52-week low of $12.56 was recorded on 06/05/24. SMA at 50 days reached $15.62, while 200 days put it at $19.16. A total of 1.36 million shares were traded, compared to the trading of 1.72 million shares in the previous session.

Levels Of Support And Resistance For FRSH Stock

The 24-hour chart illustrates a support level at 12.64, which if violated will result in even more drops to 12.47. On the upside, there is a resistance level at 12.90. A further resistance level may holdings at 12.99. The Relative Strength Index (RSI) on the 14-day chart is 32.49, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.29, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 85.28%. Stochastics %K at 17.68% indicates the stock is a buying.

The most recent change occurred on December 28, 2023 when Needham resumed its ‘”a Buy”‘ rating for the stock and retained the price target to $30.

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