Freshworks Inc (FRSH): A Case For Going Higher

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours.

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Stocks Info

This NASDAQ-listed company operates within the Software – Application industry segment, falling under the Technology sector. The current market capitalization of Freshworks Inc is $3.91B. A total of 1.56 million shares were traded on the day, compared to an average of 2.77M shares.

In the most recent transaction, Taylor Jennifer H sold 4,685 shares of FRSH for 12.28 per share on Jul 10 ’24. After the transaction, the Director now owns 35,853 company shares. In a previous transaction on Jul 09 ’24, AUSTIN ROXANNE S sold 6,303 shares at 12.49 per share. FRSH shares that Director owns now total 229,409.

Among the insiders who sold shares, NELSON ZACHARY disposed of 18,416 shares on Jul 02 ’24 at a per-share price of $12.97. This resulted in the Director holding 22,530 shares of FRSH after the transaction. In another insider transaction, AUSTIN ROXANNE S sold 6,101 shares at $12.92 per share on Jul 02 ’24. Company shares held by the Director now total 235,712.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. In terms of 52-week highs and lows, FRSH has a high of $24.98 and a low of $11.90.

As of this writing, FRSH has an earnings estimate of $0.06 per share for the current quarter. EPS was calculated based on a consensus of 16.0 estimates, with a high estimate of $0.07 per share and a lower estimate of $0.05. The company reported an EPS of $0.07 in the last quarter

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. FRSH’s latest balance sheet shows that the firm has $1.32B in Cash & Short Term Investments as of fiscal 2021. There were $0.00 in debt and $223.35M in liabilities at the time. Its Book Value Per Share was $3.61, while its Total Shareholder’s Equity was $1.24B.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for FRSH is Buy with a score of 4.12.

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