Freshworks Inc. Director Johanna Flower recently sold 4,800 shares of the company’s Class A common stock, totaling $61,008. The sales took place on June 10, 2024, with prices ranging from $12.58 to $12.82 per share. Flower’s ownership in the company now stands at 23,998 shares of Class A common stock. Additionally, she converted 4,800 shares of Class B common stock into Class A common stock at no cost.
Freshworks, based in San Mateo, California, specializes in prepackaged software services and has a history of growth and innovation in the tech sector. The company was formerly known as FreshDesk Inc. and has been publicly traded since 2012.
Investors keep an eye on insider transactions to gauge the company’s performance and executive confidence. Freshworks recently acquired Device42, enhancing its IT Asset Management capabilities. The CEOs of both companies are optimistic about the partnership’s potential to deliver comprehensive IT solutions.
Financial analysts have made adjustments to Freshworks’ stock ratings and price targets, reflecting a mixed reaction from the market. The company continues to show promise in the tech industry, offering valuable insights and services worldwide.
Freshworks has a market capitalization of $3.82 billion and a gross profit margin of 83.33%, indicating a strong ability to control costs and maximize profits. The company has also seen a revenue growth of 19.73% in the last twelve months, showcasing its expanding market reach.
From an investment perspective, Freshworks’ stock is trading near its 52-week low, potentially presenting undervalued opportunities for investors. Analysts have revised their earnings upwards, signaling optimism about the company’s future performance.
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