Freshworks Inc’s recently made public that its Director NELSON ZACHARY unloaded Company’s shares for reported $93200.0 on Oct 02 ’24. In the deal valued at $11.04 per share,8,442 shares were sold. As a result of this transaction, NELSON ZACHARY now holds 23,497 shares worth roughly $0.26 million.
Then, Taylor Jennifer H sold 4,685 shares, generating $52,331 in total proceeds. Upon selling the shares at $11.17, the Director now owns 35,853 shares.
Before that, AUSTIN ROXANNE S sold 6,298 shares. Freshworks Inc shares valued at $72,301 were divested by the Director at a price of $11.48 per share. As a result of the transaction, AUSTIN ROXANNE S now holds 216,808 shares, worth roughly $2.39 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 Tuesday, Freshworks Inc [NASDAQ:FRSH] saw its stock jump 0.18% to $11.04. Over the last five days, the stock has lost -1.43%. Freshworks Inc shares have fallen nearly -53.00% since the year began. Nevertheless, the stocks have fallen -43.41% over the past one year. While a 52-week high of $24.98 was reached on 01/12/24, a 52-week low of $10.84 was recorded on 10/03/24. SMA at 50 days reached $11.46, while 200 days put it at $15.91.
Levels Of Support And Resistance For FRSH Stock
The 24-hour chart illustrates a support level at 10.93, which if violated will result in even more drops to 10.83. On the upside, there is a resistance level at 11.18. A further resistance level may holdings at 11.33. The Relative Strength Index (RSI) on the 14-day chart is 44.51, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.10, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 77.14%. Stochastics %K at 29.71% indicates the stock is a holding.
How much short interest is there in Freshworks Inc?
A steep rise in short interest was recorded in Freshworks Inc stocks on 2024-09-13, growing by 0.49 million shares to a total of 13.97 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 13.47 million shares. There was a rise of 3.54%, which implies that there is a positive sentiment for the stock.
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.
