On September 9, 2024, Roxanne Austin, a Director at Freshworks Inc (FRSH, Financial), sold 6,298 shares of the company. The transaction was documented in a recent SEC Filing. Following this sale, the insider now owns 216,808 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 company's SaaS platform includes advanced capabilities for customer support, sales automation, and marketing.
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 observed within the company, where there have been 53 insider sells and no insider buys over the past year.
Shares of Freshworks Inc were trading at $11.48 on the day of the sale. The company has a market cap of approximately $3.37 billion.
The stock's valuation metrics, including the price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow, contribute to the GF Value. The GF Value, a measure of intrinsic value, is currently $20.21, suggesting that the stock is undervalued with a price-to-GF Value ratio of 0.57, indicating a possible value trap scenario.
This sale by the insider might be of interest to investors tracking insider activities as an indicator of confidence in the company's current valuation and future prospects.
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.
