NEW YORK, Dec. 16, 2022 (GLOBE NEWSWIRE) — Bragar Eagel & Squire, PC, a nationally recognized shareholder rights law firm, is reminding investors that a class action lawsuit has been filed against Freshworks Inc. (“Freshworks” or the “Company”) FRESH in the United States Northern District Court of California on behalf of all individuals and entities that purchased or otherwise acquired Freshworks securities between September 21, 2021 and November 1, 2022, both dates inclusive (the “Collection Period”). Investors have until January 3, 2023 to apply to the court to be appointed as lead plaintiff in the lawsuit.

click here to take part in the action.

In September 2021, Freshworks completed its initial public offering (“IPO”), selling 28.5 million shares of common stock at $36 per share.

On February 10, 2022, Freshworks reported disappointing fourth-quarter 2021 financial results, reporting flat-rate billing growth and a slowdown in revenue growth (from just 44% year-over-year).

On the news, the company’s stock fell $4.05, or 18%, to close at $18.41 per share on February 11, 2022, hurting investors.

Then, on May 3, 2022, after the market close, Freshworks released its first-quarter 2022 financial results and reported a third quarter of slowing revenue growth and billings that missed consensus estimates, falling 13% quarter-on-quarter.

As a result of this news, the company’s stock fell $0.97, or 5.7%, for two consecutive trading days to close at $15.99 per share on May 5, 2022, further hurting investors.

If you have purchased or otherwise acquired Freshworks stock and have suffered a loss, are a long-term shareholder, have information, would like to learn more about these claims, or have any questions about this announcement or your rights or interests related to these matters, contact us please email Brandon Walker or Melissa Fortunato at investigations@bespc.comPhone at (212) 355-4648 or via fill out this contact form. There are no costs or obligations…