Why Is Freshworks (FRSH) Stock Down 17% Today?

Freshworks (NASDAQ:FRSH) stock is falling on Thursday after the software development company announced that founder and CEO Girish Mathrubootham is stepping down.This will have Mathrubootham leave the CEO role to take over as the executive chairman of Freshworks. That has Dennis Woodside taking over as the next president and CEO of the company.News of Mathrubootham giving up the CEO position is pulling FRSH stock down today despite a strong Q1 earnings report. That includes adjusted EPS of 10 cents and reve ...