Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Freshworks Inc shares valued at $110,669 were purchased by ROXANNE S AUSTIN on Feb 13 ’25. At $17.56 per share, ROXANNE S AUSTIN acquired 6,303 shares.
Also, PADGETT BARRY L. sold 780 shares, netting a total of over 14,547 in proceeds. Following the sale of shares at $18.65 each, the insider now holds 26,957 shares.
Before that, NELSON ZACHARY had sold 8,442 shares from its account. In a trade valued at $154,489, the Director traded Freshworks Inc shares for $18.30 each. Upon closing the transaction, the insider’s holdings decreased to 8,442 shares, worth approximately $0.42 million.
As published in a research note from Wells Fargo on January 21, 2025, Freshworks Inc [FRSH] has been rated down from an Equal weight to an Underweight and the price target has been revised to $13 from $16. Analysts at Oppenheimer upgraded the stock from ‘”a Perform”‘ to ‘”an Outperform”‘ outlook in a report released in mid January. As of October 16, 2024, Wells Fargo has initiated its “an Equal weight” rating for FRSH. Earlier on May 02, 2024, Robert W. Baird downgraded its rating. Their new recommendation was “a Neutral” for FRSH stock which previously was a “an Outperform”.
Analyzing FRSH Stock Performance
During the last five days, there has been a drop of approximately -5.07%. Over the course of the year, Freshworks Inc shares have jumped approximately 7.79%. Shares of the company reached a 52-week high of $19.77 on 01/28/25 and a 52-week low of $15.28 on 01/10/25. A 50-day SMA is recorded $16.97, while a 200-day SMA reached $13.83. Nevertheless, trading volume fell to 4.95 million shares from 10.46 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 16.89, which, if violated, would cause prices to drop to 16.34. In the upper region, resistance lies at 18.00. The next price resistance is at 18.57. RSI (Relative Strength Index) is 47.29 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.68, which suggests the price will decrease in the coming days. Percent R is at 76.97%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
