In a filing, Freshworks Inc revealed its Director Flower Johanna unloaded Company’s shares for reported $0.39 million on Jan 23 ’25. In the deal valued at $18.00 per share,21,400 shares were sold. As a result of this transaction, Flower Johanna now holds 41,491 shares worth roughly $0.82 million.
Then, Johanna Flower bought 28,000 shares, generating $479,640 in total proceeds.
Before that, Taylor Jennifer H sold 4,685 shares. Freshworks Inc shares valued at $72,571 were divested by the Director at a price of $15.49 per share. As a result of the transaction, Taylor Jennifer H now holds 37,286 shares, worth roughly $0.74 million.
Wells Fargo downgraded its Freshworks Inc [FRSH] rating to an Underweight from a an Equal weight in a research note published on January 21, 2025; the price target was decreased to $13 from $16. A number of analysts have revised their coverage, including Oppenheimer’s analysts, who increased its forecast for the stock in mid January from “a Perform” to “an Outperform”. Wells Fargo began covering FRSH with “an Equal weight” recommendation on October 16, 2024. Robert W. Baird revised its rating on May 02, 2024. It rated FRSH as “a Neutral” which previously was an “an Outperform”.
Price Performance Review of FRSH
On Tuesday, Freshworks Inc [NASDAQ:FRSH] saw its stock jump 9.78% to $19.75. Over the last five days, the stock has gained 13.25%. Freshworks Inc shares have risen nearly 22.14% since the year began. Nevertheless, the stocks have fallen -9.78% over the past one year. While a 52-week high of $23.30 was reached on 01/28/25, a 52-week low of $10.81 was recorded on 01/10/25. SMA at 50 days reached $16.41, while 200 days put it at $13.81.
Levels Of Support And Resistance For FRSH Stock
The 24-hour chart illustrates a support level at 18.59, which if violated will result in even more drops to 17.42. On the upside, there is a resistance level at 20.34. A further resistance level may holdings at 20.93. The Relative Strength Index (RSI) on the 14-day chart is 76.48, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.53, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 0.45%. Stochastics %K at 88.73% 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 2025-01-15, dropping by -2.04 million shares to a total of 7.69 million shares. Yahoo Finance data shows the prior-month short interest on 2024-12-13 was 9.73 million shares. There was a decline of -26.52%, which implies that there is a negative sentiment for the stock.
