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SAN MATEO, CA—Mika Yamamoto, Chief Customer and Marketing Officer at Freshworks Inc . (NASDAQ:FRSH), recently sold 3,574 shares of the company’s Class A common stock. The transaction, which took place on April 1, 2025, was executed at a weighted average price of $14.20 per share, totaling approximately $50,750. The stock has since declined to $13.1, marking a 13.6% drop over the past week. According to InvestingPro analysis, the company currently appears undervalued based on its Fair Value estimates.
This sale was conducted as part of a pre-established Rule 10b5-1 trading plan, which Yamamoto adopted on September 17, 2024. The shares were sold in multiple transactions, with prices ranging from $14.03 to $14.36 per share. Following this transaction, Yamamoto retains ownership of 611,604 shares of Freshworks. The company maintains strong financial health with impressive gross profit margins of 84% and holds more cash than debt on its balance sheet.
Freshworks, a provider of customer engagement software, is headquartered in San Mateo, California. While not currently profitable, analysts expect the company to turn profitable this year, with 10 analysts recently revising their earnings estimates upward. For deeper insights and additional analysis, check out the comprehensive Pro Research Report available on InvestingPro.
In other recent news, Freshworks Inc has been the subject of several analyst updates following its recent financial performance and strategic initiatives. Needham reaffirmed its Buy rating with a price target of $25, expressing confidence in Freshworks’ strategic direction after meetings with company executives. The firm highlighted Freshworks’ expansion into new Enterprise Service Management sectors and its stable Net Revenue Retention rate as positive indicators for growth. Piper Sandler raised its price target to $24, noting Freshworks’ strong performance in its Experience segment with over $400 million in annual recurring revenue and a favorable growth outlook. Cantor Fitzgerald also increased its price target to $22, citing Freshworks’ strategic moves upmarket and its competitive positioning in artificial intelligence. Scotiabank (TSX:BNS) adjusted its price target to $19, acknowledging Freshworks’ modestly surpassing financial outlook for FY25 and its partnership expansion with Klarna. Oppenheimer lifted its price target to $24, commending Freshworks’ strong fourth-quarter performance and optimistic guidance for 2025. Despite some concerns about the Customer Experience segment and net revenue retention, analysts remain optimistic about Freshworks’ growth prospects and strategic initiatives.
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