Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Freshworks Inc shares valued at $51,871 were sold by Taylor Jennifer H on Oct 10 ’24. At $11.06 per share, Taylor Jennifer H sold 4,690 shares. The insider’s holdings dropped to 36,689 shares worth approximately $0.41 million following the completion of this transaction.
Also, AUSTIN ROXANNE S sold 6,303 shares, netting a total of over 69,963 in proceeds. Following the sale of shares at $11.10 each, the insider now holds 211,787 shares.
Before that, JENNIFER TAYLOR had added 9,375 shares to its account. In a trade valued at $105,094, the Director bought Freshworks Inc shares for $11.21 each.
As published in their initiating research note from Wells Fargo on October 16, 2024, Freshworks Inc [FRSH] has been an Equal weight and the price target has been revised to $11. Analysts at Robert W. Baird downgraded the stock from ‘”an Outperform”‘ to ‘”a Neutral”‘ outlook in a report released in early May. As of May 02, 2024, Oppenheimer has decreased its “an Outperform” rating to a “Perform” for FRSH. Earlier on February 20, 2024, Wolfe Research upgraded its rating. Their new recommendation was “an Outperform” for FRSH stock which previously was a “a Peer perform”.
Analyzing FRSH Stock Performance
During the last five days, there has been a surge of approximately 1.08%. Over the course of the year, Freshworks Inc shares have dropped approximately -51.98%. Shares of the company reached a 52-week high of $23.93 on 01/12/24 and a 52-week low of $10.81 on 10/10/24. A 50-day SMA is recorded $11.39, while a 200-day SMA reached $15.48. Nevertheless, trading volume fell to 4.86 million shares from 2.45 million shares the previous day.
Support And Resistance Levels for Freshworks Inc (FRSH)
According to the 24-hour chart, there is a support level at 11.11, which, if violated, would cause prices to drop to 10.93. In the upper region, resistance lies at 11.41. The next price resistance is at 11.54. RSI (Relative Strength Index) is 49.11 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.14, which suggests the price will decrease in the coming days. Percent R is at 48.07%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
