NEW YORK, Nov. 06, 2022 (GLOBE NEWSWIRE) — Bragar Eagel & Squire, PC, a nationally recognized shareholder rights law firm, is reminding investors that class action lawsuits have been initiated on behalf of Freshworks Inc. (NASDAQ: FRSH) shareholders. , and Enviva, Inc. (NYSE: EVA). Shareholders have until the deadlines below to petition the court to appear as lead plaintiffs. For more information on each case, see the link provided.
Freshworks Inc. (NASDAQ:FRSH)
Class Period: September 21, 2021 – November 1, 2022
Lead Plaintiff Deadline: January 3, 2023
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.
For more information on Freshworks’ class action lawsuit, please visit: https://bespc.com/cases/FRSH
Enviva, Inc. (NYSE:EVA)
Class Period: February 21, 2019 – October 11, 2022
Lead Plaintiff Deadline: January 2, 2023
Enviva, formerly known as Enviva Partners, LP, develops, builds, acquires, owns and operates fully contracted wood pellet manufacturing facilities. The company’s products are used to replace coal in power generation and combined heat and power plants. Significantly, Enviva advertises itself as…
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