Freshworks Inc’s filing revealed that its Director Taylor Jennifer H unloaded Company’s shares for reported $51871.0 on Oct 10 ’24. In the deal valued at $11.06 per share,4,690 shares were sold. As a result of this transaction, Taylor Jennifer H now holds 36,689 shares worth roughly $0.43 million.
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Then, AUSTIN ROXANNE S sold 6,303 shares, generating $69,963 in total proceeds. Upon selling the shares at $11.10, the Director now owns 211,787 shares.
Before that, JENNIFER TAYLOR bought 9,375 shares. Freshworks Inc shares valued at $105,094 were divested by the Director at a price of $11.21 per share.
Wells Fargo initiated its Freshworks Inc [FRSH] rating to an Equal weight in a research note published on October 16, 2024; the price target was $11. A number of analysts have revised their coverage, including Robert W. Baird’s analysts, who decreased its forecast for the stock in early May from “an Outperform” to “a Neutral”. Oppenheimer also remained covering FRSH and has decreased its forecast on May 02, 2024 with a “Perform” recommendation from previously “an Outperform” rating. Wolfe Research revised its rating on February 20, 2024. It rated FRSH as “an Outperform” which previously was an “a Peer perform”.
Price Performance Review of FRSH
On Tuesday, Freshworks Inc [NASDAQ:FRSH] saw its stock jump 0.86% to $11.79. Over the last five days, the stock has gained 3.42%. Freshworks Inc shares have fallen nearly -49.81% since the year began. Nevertheless, the stocks have fallen -33.28% over the past one year. While a 52-week high of $24.98 was reached on 01/12/24, a 52-week low of $10.81 was recorded on 10/10/24. SMA at 50 days reached $11.42, while 200 days put it at $15.03.
Levels Of Support And Resistance For FRSH Stock
The 24-hour chart illustrates a support level at 11.65, which if violated will result in even more drops to 11.50. On the upside, there is a resistance level at 11.89. A further resistance level may holdings at 11.98. The Relative Strength Index (RSI) on the 14-day chart is 59.91, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.27, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 4.85%. Stochastics %K at 88.62% indicates the stock is a selling.
How much short interest is there in Freshworks Inc?
A steep rise in short interest was recorded in Freshworks Inc stocks on 2024-10-15, dropping by -1.35 million shares to a total of 12.62 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 13.97 million shares. There was a decline of -10.69%, which implies that there is a negative sentiment for the stock.
