Freshworks Inc. (NASDAQ:FRSH - Get Free Report) Chairman Rathnagirish Mathrubootham sold 835,000 shares of the company's stock in a transaction on Wednesday, December 18th. The stock was sold at an average price of $16.08, for a total transaction of $13,426,800.00. Following the completion of the transaction, the chairman now directly owns 551,137 shares of the company's stock, valued at $8,862,282.96. This represents a 60.24 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link.
Rathnagirish Mathrubootham also recently made the following trade(s):
Shares of Freshworks stock traded down $0.07 during trading hours on Friday, reaching $15.33. The company's stock had a trading volume of 5,462,263 shares, compared to its average volume of 2,997,905. The firm has a 50 day moving average price of $14.51 and a 200-day moving average price of $12.89. The stock has a market cap of $4.64 billion, a P/E ratio of -45.09 and a beta of 0.90. Freshworks Inc. has a one year low of $10.81 and a one year high of $24.34.
Several analysts recently issued reports on the company. Canaccord Genuity Group increased their target price on Freshworks from $17.00 to $19.00 and gave the stock a "buy" rating in a research report on Thursday, November 7th. Needham & Company LLC reaffirmed a "buy" rating and set a $20.00 price objective on shares of Freshworks in a report on Tuesday. Robert W. Baird reduced their price objective on shares of Freshworks from $16.00 to $15.00 and set a "neutral" rating on the stock in a research report on Thursday, November 7th. Piper Sandler upped their target price on shares of Freshworks from $13.00 to $18.00 and gave the stock an "overweight" rating in a research report on Thursday, November 7th. Finally, Wells Fargo & Company lifted their price target on shares of Freshworks from $11.00 to $14.00 and gave the company an "equal weight" rating in a report on Thursday, November 7th. Seven equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, Freshworks has a consensus rating of "Moderate Buy" and a consensus target price of $18.69.