Bank CEOs meet with Trump to discuss Fannie Mae and Freddie Mac - Bloomberg
In recent transactions filed with the Securities and Exchange Commission, Yamamoto Mika, the Chief Customer and Marketing Officer of Freshworks Inc . (NASDAQ:FRSH), a $4.92 billion market cap company with impressive 84.27% gross profit margins and 20.79% revenue growth over the last twelve months, sold shares of the company’s Class A common stock valued at approximately $59,335. These sales occurred on March 3 and March 4, 2025, with the shares sold at prices ranging from $16.05 to $16.74 per share.
In addition to these sales, there were several other transactions involving the company’s stock. On March 1, 2025, Yamamoto acquired 199,553 shares through a Restricted Stock Unit (RSU) award under the company’s 2021 Equity Incentive Plan. This award, which carries no immediate cash value, will vest in equal quarterly installments over four years, contingent upon her continued service with the company.
Furthermore, shares were withheld to satisfy tax obligations related to the vesting of RSUs previously granted, resulting in a total transaction value of $482,763 at a price of $17.06 per share.
The recent sales were made under a Rule 10b5-1 trading plan, which was adopted on September 17, 2024, allowing for pre-planned sales of stock.
In other recent news, Freshworks Inc has seen a series of analyst upgrades reflecting strong financial performance and future prospects. Piper Sandler increased its price target for Freshworks to $24, citing the company’s Experience (EX) segment’s impressive annual recurring revenue (ARR) and a positive growth outlook for 2025. Similarly, Oppenheimer raised its target to $24, highlighting Freshworks’ strong fourth-quarter results and optimistic future guidance. Cantor Fitzgerald also lifted its target to $22, noting Freshworks’ strategic moves upmarket and its competitive positioning in the enterprise AI space.
Scotiabank (TSX:BNS) raised its price target to $19, pointing out Freshworks’ organic billings growth and its partnership with Klarna as positive factors. Canaccord Genuity increased its target to $23, emphasizing Freshworks’ presence in a robust IT/ESM market and its new $400 million stock repurchase program. Analysts across the board have maintained positive ratings, with many highlighting the company’s strong execution and growth in the mid-market segment. Freshworks’ advancements in artificial intelligence, particularly with its Freddy AI offering, have been noted as significant contributors to its recent success. These developments indicate confidence in Freshworks’ ability to leverage growth opportunities and maintain solid financial performance.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.