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SAN MATEO, CA—Yamamoto Mika, Chief Customer and Marketing Officer at Freshworks Inc. (NASDAQ:FRSH), recently sold 5,718 shares of the company’s Class A common stock. The shares were sold at an average price of $16.95, with the total transaction amounting to $96,920. This sale was executed as part of a Rule 10b5-1 trading plan, which was adopted on September 17, 2024.
Following this transaction, Mika retains ownership of 403,108 shares in Freshworks. The shares were sold in multiple transactions, with prices ranging from $16.78 to $17.28 per share.
Freshworks, a provider of customer engagement software, is headquartered in San Mateo, California.
In other recent news, Freshworks Inc. has reported its financial performance for the third quarter of 2024, providing an outlook for the fourth quarter and the full year. However, the company did not disclose specific financial figures. Freshworks also acknowledged potential macroeconomic uncertainties that could impact its operations. In light of these developments, the company expressed confidence in its ongoing workplace realignment, anticipating that this initiative might enhance future performance.
Freshworks also announced the appointment of Srinivasan Raghavan as the new Chief Product Officer. Raghavan's responsibilities will include leading Freshworks' product strategy and vision, with a focus on the company's AI, customer experience, and employee experience solutions. This strategic hire is part of Freshworks' ongoing efforts to scale its growth trajectory across key business priorities.
Needham reiterated its Buy rating on Freshworks, noting positive trends in the company's operations, particularly with Freshservice and Freddy. The firm anticipates a potential revenue uplift from licenses to Freddy and expects Freshservice to counterbalance the slower performance of Freshdesk. Needham expressed confidence in Freshworks' ability to achieve mid-teens growth for the fiscal year 2025. These are some of the recent developments involving Freshworks Inc.
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