Freshworks (FRSH) Expected to Announce Earnings on Tuesday

Freshworks (NASDAQ:FRSH) is projected to announce its earnings results after the market closes on Tuesday, February 4th. Analysts expect the company to announce earnings of $0.08 per share and revenue of $189,440.00 billion for the quarter. Individual that wish to listen to the company’s earnings conference call can do so using this link.

Freshworks Price Performance

Freshworks stock opened at $17.99 on Tuesday. The firm has a market cap of $5.45 billion, a price-to-earnings ratio of -52.91 and a beta of 0.88. The firm has a fifty day moving average price of $16.37 and a two-hundred day moving average price of $13.64. Freshworks has a fifty-two week low of $10.81 and a fifty-two week high of $23.30.

Analyst Upgrades and Downgrades

FRSH has been the topic of several recent research reports. Morgan Stanley lifted their target price on shares of Freshworks from $18.00 to $19.00 and gave the company an “equal weight” rating in a research report on Monday, January 13th. Wells Fargo & Company cut Freshworks from an “equal weight” rating to an “underweight” rating and cut their price target for the company from $16.00 to $13.00 in a report on Tuesday, January 21st. Robert W. Baird decreased their price objective on shares of Freshworks from $16.00 to $15.00 and set a “neutral” rating on the stock in a report on Thursday, November 7th. JMP Securities boosted their target price on shares of Freshworks from $21.00 to $24.00 and gave the stock a “market outperform” rating in a research note on Thursday, November 7th. Finally, Oppenheimer raised Freshworks from a “market perform” rating to an “outperform” rating and set a $22.00 target price for the company in a research note on Thursday, January 16th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Freshworks currently has an average rating of “Moderate Buy” and an average target price of $19.07.

Insider Activity at Freshworks

In other Freshworks news, insider Mika Yamamoto sold 5,718 shares of Freshworks stock in a transaction that occurred on Tuesday, December 17th. The stock was sold at an average price of $16.95, for a total value of $96,920.10. Following the transaction, the insider now directly owns 403,108 shares of the company’s stock, valued at $6,832,680.60. The trade was a 1.40 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Zachary Nelson sold 8,433 shares of the stock in a transaction that occurred on Monday, November 4th. The shares were sold at an average price of $12.19, for a total value of $102,798.27. Following the sale, the director now directly owns 23,497 shares of the company’s stock, valued at approximately $286,428.43. This trade represents a 26.41 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,723,563 shares of company stock valued at $27,106,218 over the last three months. 19.15% of the stock is owned by corporate insiders.

Freshworks Company Profile

Freshworks Inc, a software development company, provides software-as-a-service products worldwide. It offers Freshworks Customer Service Suite, which provides automated, personalized self-service on various channels, including web, chat, mobile messaging, email, and social; Freshdesk, a ticketing-centric customer service solution; Freshsuccess, a customer success solution; and Freshchat that provides agents with a modern conversational experience to proactively engage customers across digital messaging channels.