Yamamoto Mika, Freshworks’ chief customer officer, sells $56k in shares

Published 04/09/2025, 00:36
Yamamoto Mika, Freshworks’ chief customer officer, sells $56k in shares

Freshworks Inc. (NASDAQ:FRSH) Chief Customer & Marketing Officer, Yamamoto Mika, sold 4,289 shares of Class A Common Stock on September 2, 2025, at a price of $13.18, totaling $56,529.

On September 1, 2025, Yamamoto also disposed of a total of 27,916 shares of Freshworks’ Class A Common Stock to cover tax obligations related to the vesting of Restricted Stock Units (RSUs). These transactions, executed at a price of $13.47 per share, resulted in a total value of $376,028. The company maintains strong financial health with an impressive 84.62% gross profit margin and a healthy current ratio of 2.63, indicating robust liquidity.

The sales were executed under a Rule 10b5-1 trading plan adopted on September 17, 2024. Following these transactions, Yamamoto directly owns 533,993 shares of Freshworks Inc . With analysts expecting profitability this year and the company holding more cash than debt, investors can access detailed analysis and 8 additional key insights through InvestingPro’s comprehensive research report.

In other recent news, Freshworks Inc reported strong second-quarter results, surpassing expectations with non-GAAP earnings per share of $0.18, significantly above the consensus estimate of $0.11. The company achieved a 21.9% operating margin, showcasing its financial strength. Analysts have responded positively to these results, with JMP Securities maintaining a Market Outperform rating and setting a price target of $27.00. Needham also reiterated a Buy rating, highlighting the acceleration in the Customer Experience (CX) segment’s Annual Recurring Revenue growth rate from 8% to 11% in the second quarter.

Cantor Fitzgerald noted Freshworks’ "solid beat and raise" performance, particularly in its Employee Experience (EX) business, which grew 22% year-over-year. The Customer Experience segment also showed improvement with growth accelerating to 8% in constant currency. Piper Sandler raised its price target on Freshworks to $25.00, emphasizing the company’s success in exceeding the Rule of 40 on an organic basis in Q2, driven by a 27% free cash flow margin.

Meanwhile, Oppenheimer reiterated an Outperform rating with a $19.00 price target, discussing Freshworks’ market opportunities and artificial intelligence momentum. These developments reflect a positive outlook from multiple analyst firms, indicating confidence in Freshworks’ growth trajectory.

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