Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Freshworks Inc shares valued at $14,019,650 were purchased by RATHNA GIRISH MATHRUBOOTHAM on Dec 18 ’24. At $16.79 per share, RATHNA GIRISH MATHRUBOOTHAM acquired 835,000 shares.
Also, BARRY L. PADGETT purchased 4,690 shares, netting a total of over 79,824 in proceeds.
Before that, MIKA YAMAMOTO had added 14,295 shares to its account. In a trade valued at $243,301, the Officer bought Freshworks Inc shares for $17.02 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 drop of approximately -7.67%. Over the course of the year, Freshworks Inc shares have dropped approximately -33.33%. 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 $14.33, while a 200-day SMA reached $14.02. Nevertheless, trading volume fell to 5.67 million shares from 3.1 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 15.03, which, if violated, would cause prices to drop to 14.41. In the upper region, resistance lies at 16.60. The next price resistance is at 17.55. RSI (Relative Strength Index) is 48.28 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.05, which suggests the price will decrease in the coming days. Percent R is at 86.58%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
