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 $96,233 were sold by AUSTIN ROXANNE S on Mar 10 ’25. At $15.28 per share, AUSTIN ROXANNE S sold 6,298 shares. The insider’s holdings dropped to 181,192 shares worth approximately $2.75 million following the completion of this transaction.
Also, Taylor Jennifer H sold 4,685 shares, netting a total of over 70,228 in proceeds. Following the sale of shares at $14.99 each, the insider now holds 37,286 shares.
Before that, JENNIFER TAYLOR had added 14,060 shares to its account. In a trade valued at $222,148, the Director bought Freshworks Inc shares for $15.80 each.
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 -0.85%. Over the course of the year, Freshworks Inc shares have dropped approximately -6.25%. Shares of the company reached a 52-week high of $19.77 on 01/28/25 and a 52-week low of $14.25 on 03/13/25. A 50-day SMA is recorded $16.97, while a 200-day SMA reached $14.14.
Support And Resistance Levels for Freshworks Inc (FRSH)
According to the 24-hour chart, there is a support level at 14.91, which, if violated, would cause prices to drop to 14.67. In the upper region, resistance lies at 15.63. The next price resistance is at 16.10. RSI (Relative Strength Index) is 41.36 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.56, which suggests the price will decrease in the coming days. Percent R is at 59.19%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
