The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Freshworks Inc shares valued at $72,571 were sold by Taylor Jennifer H on Jan 10 ’25. At $15.49 per share, Taylor Jennifer H sold 4,685 shares. The insider’s holdings dropped to 37,286 shares worth approximately $0.63 million following the completion of this transaction.
Also, AUSTIN ROXANNE S sold 6,303 shares, netting a total of over 98,894 in proceeds. Following the sale of shares at $15.69 each, the insider now holds 193,793 shares.
Before that, ROXANNE S AUSTIN had added 6,303 shares to its account. In a trade valued at $98,903, the Director bought Freshworks Inc shares for $15.69 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 3.97%. Over the course of the year, Freshworks Inc shares have jumped approximately 3.71%. Shares of the company reached a 52-week high of $16.96 on 01/06/25 and a 52-week low of $15.28 on 01/10/25. A 50-day SMA is recorded $15.86, while a 200-day SMA reached $13.82. Nevertheless, trading volume fell to 3.44 million shares from 2.87 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 16.51, which, if violated, would cause prices to drop to 16.25. In the upper region, resistance lies at 16.99. The next price resistance is at 17.22. RSI (Relative Strength Index) is 60.24 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.11, which suggests the price will decrease in the coming days. Percent R is at 11.34%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
