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In a recent transaction disclosed by Freshworks Inc . (NASDAQ:FRSH), a $4.3 billion software company with impressive 84% gross profit margins, Director Austin Roxanne S. sold a total of 6,303 shares of Class A Common Stock. According to InvestingPro analysis, the company maintains a strong balance sheet with more cash than debt. The shares were sold at a weighted average price of $14.75, totaling approximately $92,969. Following this transaction, Roxanne holds 169,586 shares directly.
The sale was conducted under a Rule 10b5-1 trading plan, which was adopted on March 11, 2024. This plan allows insiders to set up a predetermined schedule for selling stocks, providing a defense against potential accusations of insider trading. The shares were sold in multiple transactions, with prices ranging from $14.66 to $14.81 per share.
In other recent news, Freshworks Inc. reported strong financial results for the first quarter of 2025, with non-GAAP earnings per share (EPS) of $0.18, surpassing the consensus estimate of $0.13. The company also achieved revenue of $196 million, exceeding the anticipated $192 million, marking a 19% year-over-year increase. Freshworks’ billings for the quarter reached $203 million, higher than the consensus estimate of $198 million, although this represented a slight decline from the previous quarter’s growth rate. Analysts at JMP Securities reiterated a Market Outperform rating with a $27 price target, reflecting confidence in the company’s performance.
In addition to the positive earnings report, Scotiabank (TSX:BNS) analyst Nick Altmann raised the price target for Freshworks to $18 from $14, maintaining a Sector Perform rating. Altmann highlighted the company’s stable billings growth outlook and a slight upward revision to its fiscal year 2025 revenue forecast. Freshworks’ Experience (EX) segment continues to grow at over 30%, while the Customer Experience (CX) segment maintains high single-digit growth rates. The company’s AI offering, Freddy Copilot, is noted for enhancing productivity by about 30% within its installed base.
The company also announced its strategic focus on AI-driven products and operational efficiency, contributing to a non-GAAP operating margin of 24% and an adjusted free cash flow margin of 28%. Freshworks projects full-year 2025 revenue between $815.3 million and $824.3 million, reflecting a growth rate of 13-14%. These developments underscore Freshworks’ robust position in the market and its ongoing commitment to leveraging AI technology for growth.
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