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 $141,000 were sold by NELSON ZACHARY on Mar 03 ’25. At $16.72 per share, NELSON ZACHARY sold 8,433 shares. The insider’s holdings dropped to 24,187 shares worth approximately $0.39 million following the completion of this transaction.
Also, Yamamoto Mika sold 2,859 shares, netting a total of over 47,860 in proceeds. Following the sale of shares at $16.74 each, the insider now holds 615,893 shares.
Before that, Yamamoto Mika had sold 715 shares from its account. In a trade valued at $11,476, the CHIEF CUST & MARKETING OFFICER traded Freshworks Inc shares for $16.05 each. Upon closing the transaction, the insider’s holdings decreased to 715 shares, worth approximately $9.81 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 -6.56%. Over the course of the year, Freshworks Inc shares have dropped approximately -1.36%. 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 $17.15, while a 200-day SMA reached $13.98.
Support And Resistance Levels for Freshworks Inc (FRSH)
According to the 24-hour chart, there is a support level at 15.71, which, if violated, would cause prices to drop to 15.47. In the upper region, resistance lies at 16.38. The next price resistance is at 16.81. RSI (Relative Strength Index) is 36.09 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.73, which suggests the price will decrease in the coming days. Percent R is at 95.69%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
