In the latest trading session,, 0.84 million Freshworks Inc (NASDAQ:FRSH) shares changed hands as the company’s beta touched 0.98. With the company’s most recent per share price at $14.25 changing hands around $0.18 or 1.28% at last look, the market valuation stands at $4.31B. FRSH’s current price is a discount, trading about -38.74% off its 52-week high of $19.77. The share price had its 52-week low at $10.81, which suggests the last value was 24.14% up since then. When we look at Freshworks Inc’s average trading volume, we note the 10-day average is 2.75 million shares, with the 3-month average coming to 3.73 million.
Analysts gave the Freshworks Inc (FRSH) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.89. If we narrow down to specifics, the data shows that 0 out of 12 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 5 recommended FRSH as a Hold, 7 felt it is a Buy and 0 rated the stock as Underweight. Freshworks Inc’s EPS for the current quarter is expected to be 0.13.
Freshworks Inc (NASDAQ:FRSH) trade information
Instantly FRSH is in green as seen in intraday trades today. With action 18.06%, the performance over the past five days has been green. The company’s shares are showing year-to-date downside of -11.87%, with the 5-day performance at 18.06% in the green. However, in the 30-day time frame, Freshworks Inc (NASDAQ:FRSH) is -6.00% down. Looking at the short shares, we see there were 8.43 million shares sold at short interest cover period of 2.71 days.
The consensus price target for the stock as assigned by Wall Street analysts is 20, meaning bulls need an upside of 28.75% from its recent market value. According to analyst projections, FRSH’s forecast low is 13 with 27 as the target high. To hit the forecast high, the stock’s price needs a -89.47% plunge from its current level, while the stock would need to tank 8.77% for it to hit the projected low.
Freshworks Inc (FRSH) estimates and forecasts
Year-over-year growth is forecast to reach 12.89% up from the last financial year.
Consensus estimates given by 16 financial analysts project the company’s revenue in the current quarter to hit an average of 191.9M. 16 analysts are of the opinion that Freshworks Inc’s revenue for the current quarter will be 198M. The company’s revenue for the corresponding quarters a year ago was 165.14M and 174.13M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 16.20%. The estimates for the next quarter sales put growth at 13.71%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 32.10%. The 2025 estimates are for Freshworks Inc earnings to increase by 22.56%, but the outlook for the next 5-year period is at 19.00% per year.
FRSH Dividends
Freshworks Inc is expected to release its next quarterly earnings report on 2025-Feb-10.
Freshworks Inc (NASDAQ:FRSH)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 7.14% of Freshworks Inc shares while 84.64% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 91.15%. There are 84.64% institutions holding the Freshworks Inc stock share, with VANGUARD GROUP INC the top institutional holder. As of 2024-06-30, the company held 7.6903% of the shares, roughly 23.06 million FRSH shares worth $292.58 million.
BLACKROCK INC. holds the second largest percentage of outstanding shares, with 5.3784% or 16.12 million shares worth $204.62 million as of 2024-06-30.
Among Mutual Funds, the top two as of Dec 31, 2024 were VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund and VANGUARD INDEX FUNDS-Vanguard Small-Cap Index Fund . With 7.01 shares estimated at $99.24 million under it, the former controlled 2.89% of total outstanding shares. On the other hand, VANGUARD INDEX FUNDS-Vanguard Small-Cap Index Fund held about 2.32% of the shares, roughly 5.64 shares worth around $79.8 million.
