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Freshworks Inc . (NASDAQ:FRSH), a software company with impressive gross profit margins of 84% and strong financial health according to InvestingPro, saw director Austin Roxanne recently execute a sale of 6,298 shares of the company’s Class A common stock, according to a filing submitted to the Securities and Exchange Commission. The shares were sold at a weighted average price of $15.28, generating a total transaction value of approximately $96,233. The current stock price suggests Freshworks is trading below its Fair Value, based on InvestingPro’s comprehensive analysis, which includes 12 additional key insights about the company’s potential.
The shares were sold as part of a pre-arranged trading plan established under Rule 10b5-1, which allows company insiders to set up a predetermined schedule for selling stocks. The sale took place on March 10, 2025, and was conducted at prices ranging from $15.17 to $15.54 per share.
Following this transaction, Roxanne retains direct ownership of 181,192 shares in the company.
In other recent news, Freshworks Inc has seen several analysts adjust their price targets and ratings based on the company’s financial performance and future prospects. Piper Sandler’s analyst, Brent Bracelin, raised the target to $24, citing strong annual recurring revenue (ARR) growth in the Experience segment and a favorable risk-reward ratio. Cantor Fitzgerald also increased their target to $22, emphasizing Freshworks’ strategic moves upmarket and its competitive positioning in the AI space. Scotiabank (TSX:BNS) lifted its target to $19, noting modestly surpassing financial projections and highlighting partnerships like the one with Klarna as positive developments.
Oppenheimer’s analyst, Brian Schwartz, increased the target to $24, pointing to a strong fourth-quarter performance and optimistic guidance for 2025. Schwartz highlighted Freshworks’ robust results in billings, ARR, and margin growth, although he noted concerns in the customer experience (CX) business. Canaccord Genuity raised their target to $23, maintaining a Buy rating and acknowledging Freshworks’ presence in a strong IT/ESM market. They also noted improvements in gross retention within the CX segment and a $400 million stock repurchase program as supportive of the stock.
These recent developments reflect a generally positive outlook from analysts, with several firms expressing confidence in Freshworks’ market positioning and growth potential.
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