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Freshworks Inc . (NASDAQ:FRSH) director Jennifer H Taylor, sold 4,685 shares of Class A Common Stock on July 11, 2025, at prices ranging from $14.01 to $14.65, realizing approximately $66,854. The sale comes amid a 7.57% decline in the stock price over the past week, though InvestingPro analysis suggests the stock is currently undervalued, with impressive gross margins of 84.39% and a strong balance sheet showing more cash than debt. The sale was executed under a Rule 10b5-1 trading plan adopted on February 25, 2025.
On the same day, Taylor also converted 4,685 shares of Class B Common Stock into Class A Common Stock.
Additionally, on July 10, 2025, Taylor exercised options to acquire 9,370 shares of Class B Common Stock and converted 9,370 shares of Class B Common Stock into Class A Common Stock.
In other recent news, Freshworks Inc. reported strong financial results for the first quarter of 2025, with non-GAAP earnings per share of $0.18, surpassing the consensus estimate of $0.13. The company achieved an operating margin of 23.6% on revenue of $196 million, exceeding the expected $192 million and marking a 19% year-over-year increase. Billings for the quarter reached $203 million, also above the consensus estimate of $198 million, with a 16% year-over-year increase. Cantor Fitzgerald maintained its Overweight rating on Freshworks, highlighting its focus on AI innovation and the favorable risk/reward scenario for investors. Scotiabank (TSX:BNS) raised its price target for the company to $18, citing a maintained billings growth outlook and a slight upward revision to fiscal year 2025 revenue forecasts. Additionally, Freshworks appointed Ian Tickle as Chief of Global Field Operations, a role he had been serving in on an interim basis. Tickle’s appointment follows his previous leadership roles at Domo (NASDAQ:DOMO) and Oracle (NYSE:ORCL). Freshworks continues to expand its artificial intelligence capabilities, particularly with its Freddy AI Agents, which are enhancing its Freshservice and Freshdesk products.
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