Freshworks director Johanna Flower sells $26,114 in stock

SAN MATEO, CA—Johanna Flower, a director at Freshworks Inc . (NASDAQ:FRSH), a software company currently valued at $5.16 billion, recently executed a series of stock transactions, according to a regulatory filing. According to InvestingPro analysis, the stock has shown strong momentum with a 44.85% gain over the past six months. On February 20, Flower sold 1,450 shares of Freshworks’ Class A common stock at an average price of $18.01 per share, totaling approximately $26,114. This sale was conducted under a pre-established Rule 10b5-1 trading plan, which was adopted on March 13, 2024. With the stock currently trading at $17.20 and showing a "GOOD" financial health score based on InvestingPro’s comprehensive analysis, investors can access detailed valuation metrics and 8 additional key insights through the Pro Research Report.

In a related transaction, Flower converted 1,450 shares of Class B common stock into Class A common stock. These transactions did not involve any cash exchange, as the conversion price was set at zero. Following these transactions, Flower holds 41,491 shares of Class A common stock directly.

The Class B shares automatically convert to Class A shares upon sale or transfer, but can also be converted at any time at the holder’s discretion, as outlined in Freshworks’ certificate of incorporation. This flexibility allows for strategic management of share classes by the holder.

In other recent news, Freshworks Inc. has seen a series of analyst upgrades following its strong financial performance. Piper Sandler raised its price target for Freshworks to $24, highlighting the company’s impressive annual recurring revenue (ARR) growth in its Experience segment and a favorable risk-reward ratio. Cantor Fitzgerald also increased its target to $22, noting Freshworks’ strategic moves upmarket and its competitive positioning in the enterprise market. Scotiabank (TSX:BNS) adjusted its target to $19, citing modestly surpassing consensus for FY25 and highlighting the company’s growth in its Enterprise ARR segment.

Oppenheimer lifted its target to $24, emphasizing Freshworks’ strong fourth-quarter results and optimistic guidance for 2025. The firm noted robust performance in the midmarket segment and positive reception of the Freddy AI co-pilot. Canaccord Genuity raised its target to $23, pointing to Freshworks’ presence in a strong IT/ESM market and improvements in the customer experience segment. They also highlighted a new $400 million stock repurchase program as a factor supporting the stock price.

These recent developments reflect analysts’ confidence in Freshworks’ growth prospects and financial health, with many firms maintaining or upgrading their ratings. Freshworks’ strategic positioning and market performance continue to attract positive attention from the investment community.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.