Freshworks director Johanna Flower sells shares worth $13,507

SAN MATEO, CA—Johanna Flower, a director at Freshworks Inc . (NASDAQ:FRSH), recently sold 750 shares of the company’s Class A common stock, according to a regulatory filing. The shares were sold at an average price of $18.01, totaling approximately $13,507. This transaction was conducted under a Rule 10b5-1 trading plan, which Flower adopted in March 2024. The sale comes as Freshworks stock has shown strong momentum, delivering a 48.5% return over the past six months, according to InvestingPro data.

In addition to the sale, Flower converted 750 shares of Class B common stock into Class A common stock. This conversion did not involve any cash transaction, as each Class B share automatically converts to a Class A share under certain conditions or at the discretion of the holder. The company maintains a strong financial position with a healthy current ratio of 3.1 and minimal debt levels.

Following these transactions, Flower holds 41,491 shares of Class A common stock directly. Freshworks, a software company based in San Mateo, California, continues to be a significant player in the prepackaged software industry. With impressive gross profit margins of 84% and ten analysts recently revising earnings estimates upward, InvestingPro analysis suggests the company is currently undervalued, with additional insights available in the comprehensive Pro Research Report.

In other recent news, Freshworks Inc has been the subject of several analyst adjustments. Piper Sandler’s Brent Bracelin increased his price target for Freshworks to $24, citing the company’s strong financial performance and future prospects. Similarly, Cantor Fitzgerald’s Brett Knoblauch raised his stock target to $22, highlighting Freshworks’ strategic moves upmarket and its unique positioning in the market. Scotiabank (TSX:BNS)’s Nick Altmann updated his price target for Freshworks to $19, noting the company’s modestly surpassing financial outlook for FY25.

Oppenheimer’s Brian Schwartz increased the price target on Freshworks to $24, emphasizing its strong fourth-quarter performance and optimistic guidance for 2025. Canaccord Genuity maintained a Buy rating and increased its price target to $23, acknowledging the company’s presence in a robust IT/ESM market and potential for continued operating leverage throughout 2025.

These recent developments underscore Freshworks’ positive financial performance and strong market positioning. The company’s annual recurring revenue growth, particularly in the Experience segment, and strategic market moves have been noted by analysts as driving factors in these favorable assessments.

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