Freshworks Inc’s recently made public that its EXECUTIVE CHAIRMAN Mathrubootham Rathnagirish unloaded Company’s shares for reported $1.14 million on Jun 11 ’25. In the deal valued at $16.01 per share,70,997 shares were sold. As a result of this transaction, Mathrubootham Rathnagirish now holds 724,515 shares worth roughly $11.21 million.
Then, Mathrubootham Rathnagirish sold 55,800 shares, generating $892,800 in total proceeds. Upon selling the shares at $16.00, the EXECUTIVE CHAIRMAN now owns 724,515 shares.
Before that, Mathrubootham Rathnagirish sold 3,386 shares. Freshworks Inc shares valued at $54,176 were divested by the EXECUTIVE CHAIRMAN at a price of $16.00 per share. As a result of the transaction, Mathrubootham Rathnagirish now holds 744,647 shares, worth roughly $11.52 million.
A number of analysts have revised their coverage, including Oppenheimer’s analysts, who remained covering the stock and in early April has reiterated a ‘”an Outperform”‘ rating for it. Wells Fargo also remained covering FRSH and has decreased its forecast on January 21, 2025 with a “an Underweight” recommendation from previously “an Equal weight” rating. Oppenheimer revised its rating on January 16, 2025. It rated FRSH as “an Outperform” which previously was an “a Perform”.
Price Performance Review of FRSH
On Monday, Freshworks Inc [NASDAQ:FRSH] saw its stock jump 3.55% to $15.47. Over the last five days, the stock has lost -3.01%. Freshworks Inc shares have fallen nearly -4.33% since the year began. Nevertheless, the stocks have risen 22.29% over the past one year. While a 52-week high of $19.77 was reached on 01/28/25, a 52-week low of $10.81 was recorded on 04/07/25.
Levels Of Support And Resistance For FRSH Stock
The 24-hour chart illustrates a support level at 15.12, which if violated will result in even more drops to 14.78. On the upside, there is a resistance level at 15.64. A further resistance level may holdings at 15.82.
The most recent change occurred on October 16, 2024 when Wells Fargo began covering the stock and recommended ‘”an Equal weight”‘ rating along with a $11 price target.
