On October 9, 2024, Roxanne Austin, Director at Freshworks Inc (FRSH, Financial), sold 6,303 shares of the company. The transaction was documented in a recent SEC Filing. Following this sale, the insider now owns 211,787 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 transaction is part of a broader trend seen within the company, where there have been 49 insider sells and no insider buys over the past year.
Shares of Freshworks Inc were trading at $11.1 on the day of the sale. The company currently has a market cap of approximately $3.465 billion.
According to the GF Value, the intrinsic value of Freshworks Inc is estimated at $20.45 per share, which suggests that the stock is currently undervalued, with a price-to-GF-Value ratio of 0.54. This valuation indicates that the stock might be a Possible Value Trap, and investors should think twice before investing.
The GF Value is calculated based on historical multiples such as price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow, adjusted by a GuruFocus factor based on the company’s past returns and growth, and future business performance estimates from Morningstar analysts.
This sale by the insider might provide valuable insights into the current valuation and future prospects of Freshworks Inc, considering the broader context of insider trading activities and the company's financial valuation metrics.
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.
