Freshworks Inc. [FRSH] moved down -2.58: Why It’s Important

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Freshworks Inc. [NASDAQ: FRSH] stock went on a downward path that fall over -2.58% on Tuesday, amounting to a one-week price decrease of less than -4.31%. The company report on May 16, 2022 that Freshworks to Participate in Upcoming Investor Conferences.


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Freshworks Inc., (NASDAQ: FRSH), a leading software company empowering businesses to delight their customers and employees, today announced its participation in the following investor conferences:.

50th Annual J.P. Morgan Global Technology, Media and Communications Conference: Girish Mathrubootham, Chief Executive Officer, will present on Tuesday, May 24, 2022 at 6:30 a.m. Pacific Time / 9:30 a.m. Eastern Time.

The one-year Freshworks Inc. stock forecast points to a potential upside of 37.4. The average equity rating for FRSH stock is currently 2.10, trading closer to a bullish pattern in the stock market.

The market cap for the stock reached $4.53 billion, with 278.19 million shares outstanding and 93.27 million shares in the current float. Compared to the average trading volume of 3.13M shares, FRSH stock reached a trading volume of 5171211 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Guru’s Opinion on Freshworks Inc. [FRSH]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for FRSH shares is $24.09 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on FRSH stock is a recommendation set at 2.10. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Wolfe Research have made an estimate for Freshworks Inc. shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on October 18, 2021. While these analysts kept the previous recommendation, Robert W. Baird raised their target price to Outperform. The new note on the price target was released on October 18, 2021, representing the official price target for Freshworks Inc. stock.

The Average True Range (ATR) for Freshworks Inc. is set at 1.41, with the Price to Sales ratio for FRSH stock in the period of the last 12 months amounting to 11.19. The Price to Book ratio for the last quarter was 3.78, with the Price to Cash per share for the same quarter was set at 3.98.

FRSH Stock Performance Analysis:

Freshworks Inc. [FRSH] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -4.31. With this latest performance, FRSH shares dropped by -4.38% in over the last four-week period, additionally sinking by -43.35% over the last 6 months .

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for FRSH stock in for the last two-week period is set at 45.80, with the RSI for the last a single of trading hit 45.92, and the three-weeks RSI is set at 45.53 for Freshworks Inc. [FRSH]. The present Moving Average for the last 50 days of trading for this stock 16.91, while it was recorded at 15.50 for the last single week of trading.

Insight into Freshworks Inc. Fundamentals:

Operating Margin for any stock indicates how profitable investing would be, and Freshworks Inc. [FRSH] shares currently have an operating margin of -55.19 and a Gross Margin at +78.86. Freshworks Inc.’s Net Margin is presently recorded at -51.75.

Return on Equity for this stock declined to -26.73, with Return on Assets sitting at -20.66.

Freshworks Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 5.60 and a Current Ratio set at 5.60.

FRSH Stock EPS

The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for FRSH. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Freshworks Inc. go to 30.00%.

Freshworks Inc. [FRSH] Insider Position Details

There are presently around $1,057 million, or 65.90% of FRSH stock, in the hands of institutional investors. The top three institutional holders of FRSH stocks are: WARD FERRY MANAGEMENT (BVI) LTD with ownership of 6,729,186, which is approximately 119.5% of the company’s market cap and around 0.60% of the total institutional ownership; STEADVIEW CAPITAL MANAGEMENT LLC, holding 6,063,870 shares of the stock with an approximate value of $93.87 million in FRSH stocks shares; and HOUND PARTNERS, LLC, currently with $63.41 million in FRSH stock with ownership of nearly New of the company’s market capitalization.

Positions in Freshworks Inc. stocks held by institutional investors increased at the end of May and at the time of the May reporting period, where 88 institutional holders increased their position in Freshworks Inc. [NASDAQ:FRSH] by around 28,883,723 shares. Additionally, 51 investors decreased positions by around 9,555,405 shares, while 10 investors held positions by with 29,840,971 shares. The mentioned changes placed institutional holdings at 68,280,099 shares, according to the latest SEC report filing. FRSH stock had 53 new institutional investments in for a total of 14,381,420 shares, while 30 institutional investors sold positions of 4,237,606 shares during the same period.

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