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Barry Padgett, a director at Freshworks Inc . (NASDAQ:FRSH), recently sold shares of the company in a transaction that took place on April 1, 2025. The sale comes as the stock has experienced a 10% decline over the past week, though it maintains a strong 30% gain over the past six months, according to InvestingPro data. According to an SEC filing, Padgett sold 780 shares of Class A Common Stock at a price of $14.09 per share, amounting to a total transaction value of $10,990. This sale was conducted under a Rule 10b5-1 trading plan, which was adopted on September 17, 2024.
Additionally, Padgett engaged in other transactions involving the conversion and acquisition of shares. On the same day, he acquired 780 shares of Class A Common Stock through a conversion transaction, with no dollar value involved, maintaining his direct ownership of the shares. Freshworks maintains strong financial health with a current ratio of 3.1, indicating robust liquidity.
Earlier, on March 28, 2025, Padgett exercised 1,560 Restricted Stock Units, which converted into Class B Common Stock, and subsequently into Class A Common Stock, as per the company’s stock plan. These transactions did not involve any cash consideration.
Following these transactions, Padgett’s direct ownership of Freshworks shares stands at 26,957 shares of Class A Common Stock. InvestingPro analysis suggests the stock is currently undervalued, with the company scheduled to report earnings on May 6, 2025. Subscribers can access 8 additional ProTips and comprehensive financial analysis through the Pro Research Report.
In other recent news, Freshworks Inc. has been the subject of several analyst updates following its recent financial performance. Piper Sandler analyst Brent Bracelin raised the price target for Freshworks to $24, citing the company’s strong annual recurring revenue (ARR) in its Experience (EX) segment, which surpassed $400 million due to over 20% organic growth. Similarly, Oppenheimer increased its price target to $24, noting Freshworks’ strong fourth-quarter performance and optimistic 2025 guidance. Cantor Fitzgerald also lifted its price target to $22, highlighting Freshworks’ strategic moves upmarket and its competitive positioning in artificial intelligence (AI).
Meanwhile, Needham maintained a Buy rating with a $25 target, expressing confidence in Freshworks’ expansion into new Enterprise Service Management (ESM) sectors and its stable Net Revenue Retention (NRR) rate. Scotiabank (TSX:BNS) raised its price target to $19, maintaining a Sector Perform rating while pointing to modestly surpassing financial outlooks and a strategic partnership expansion with Klarna. Despite some concerns over the Customer Experience (CX) business, Freshworks’ partnerships and product innovations, such as the Freddy AI offering, have been positively received.
Overall, analysts have shown optimism about Freshworks’ strategic initiatives and financial prospects, with several firms upgrading their price targets based on the company’s recent developments and future growth potential.
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