FTSE 100 today: Index, pound edge higher; StanChart, Revolution Beauty jump
Barry Padgett, a director at Freshworks Inc . (NASDAQ:FRSH), recently sold 785 shares of the company’s Class A common stock. The sale, conducted on March 4, 2025, was executed at a price of $16.05 per share, amounting to a total transaction value of $12,599. The transaction occurred as Freshworks, currently valued at $4.92 billion, trades near its 52-week range of $10.81 to $19.77. According to InvestingPro analysis, the stock appears undervalued based on its Fair Value assessment. This transaction was carried out under a Rule 10b5-1 trading plan, which Padgett adopted on September 17, 2024.
Following the sale, Padgett holds 26,957 shares of Freshworks’ Class A common stock. Additionally, Padgett engaged in other transactions involving the conversion and exercise of stock options, but these did not involve any financial exchange.
In other recent news, Freshworks Inc. has seen several analysts adjust their price targets following the company’s strong financial performance. Piper Sandler’s Brent Bracelin raised the price target to $24, citing Freshworks’ impressive annual recurring revenue (ARR) and operating margins in its Experience segment. Cantor Fitzgerald’s Brett Knoblauch also increased the price target to $22, noting Freshworks’ strategic moves in the mid-market and enterprise sectors. Similarly, Scotiabank (TSX:BNS)’s Nick Altmann raised the target to $19, highlighting modestly surpassing financial outlooks and growth in the Enterprise ARR.
Oppenheimer’s Brian Schwartz adjusted the price target to $24, pointing to Freshworks’ robust fourth-quarter performance and optimistic 2025 guidance. Canaccord Genuity increased their target to $23, emphasizing Freshworks’ strong position in the IT/ESM market and a new $400 million stock repurchase program. Freshworks’ advancements in artificial intelligence, particularly with its Freddy AI offering, were noted by several analysts as a positive development. Despite some concerns about the Customer Experience segment, analysts generally expressed confidence in Freshworks’ growth prospects. These recent developments reflect a positive outlook on Freshworks’ ability to capitalize on market opportunities.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.