On November 11, 2024, Roxanne Austin, a Director at Freshworks Inc (FRSH, Financial), executed a sale of 6,303 shares of the company. The transaction was filed on November 12, 2024, as per the SEC Filing. Following this transaction, the insider now owns 205,484 shares of Freshworks Inc.
Freshworks Inc provides innovative customer engagement software to businesses of all sizes, making it easy for teams to acquire, close, and keep their customers for life. The Freshworks SaaS platform includes a comprehensive suite of software that is easy to use, affordable, and quick to implement, including customer support, sales automation, and marketing automation solutions.
Over the past year, Roxanne Austin has sold a total of 81,727 shares of Freshworks Inc and has not purchased any shares. This recent sale is part of a broader trend seen within the company, where there have been 48 insider sells and no insider buys over the last year.
Shares of Freshworks Inc were trading at $16.44 on the day of the transaction. The company has a market cap of approximately $5.00 billion.
According to the GF Value, the intrinsic value of Freshworks Inc is estimated at $20.32 per share, suggesting that the stock is modestly undervalued with a price-to-GF-Value ratio of 0.81.
The GF Value is calculated based on historical trading multiples such as price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow, adjusted for the company's past performance and expected future business outcomes.
This insider sale could be of interest to investors tracking insider behaviors and evaluating the valuation metrics of Freshworks Inc.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
