Freshworks Inc. (NASDAQ:FRSH) Director Sells $26,114.50 in Stock

Freshworks Inc. (NASDAQ:FRSH) Director Johanna Flower sold 1,450 shares of the firm’s stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $18.01, for a total transaction of $26,114.50. Following the completion of the sale, the director now owns 41,491 shares of the company’s stock, valued at approximately $747,252.91. The trade was a 3.38 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Johanna Flower also recently made the following trade(s):

• On Thursday, January 23rd, Johanna Flower sold 21,400 shares of Freshworks stock. The shares were sold at an average price of $18.00, for a total transaction of $385,200.00.

Freshworks Stock Performance

FRSH stock opened at $17.01 on Wednesday. The stock has a market capitalization of $5.15 billion, a P/E ratio of -53.16 and a beta of 0.91. Freshworks Inc. has a one year low of $10.81 and a one year high of $20.91. The company has a 50 day moving average price of $17.09 and a two-hundred day moving average price of $14.44.

Freshworks (NASDAQ:FRSH) last released its earnings results on Tuesday, February 11th. The company reported ($0.02) EPS for the quarter, missing the consensus estimate of $0.08 by ($0.10). Freshworks had a negative return on equity of 6.63% and a negative net margin of 13.24%. Research analysts forecast that Freshworks Inc. will post -0.19 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have issued reports on FRSH. Wells Fargo & Company cut shares of Freshworks from an “equal weight” rating to an “underweight” rating and dropped their target price for the company from $16.00 to $13.00 in a report on Tuesday, January 21st. JMP Securities increased their target price on shares of Freshworks from $21.00 to $24.00 and gave the company a “market outperform” rating in a report on Thursday, November 7th. Scotiabank increased their target price on shares of Freshworks from $17.00 to $19.00 and gave the company a “sector perform” rating in a report on Wednesday, February 12th. Morgan Stanley increased their target price on shares of Freshworks from $18.00 to $19.00 and gave the company an “equal weight” rating in a report on Monday, January 13th. Finally, JPMorgan Chase & Co. increased their target price on shares of Freshworks from $17.00 to $20.00 and gave the company an “overweight” rating in a report on Thursday, November 7th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $20.62.

Institutional Trading of Freshworks

Several hedge funds and other institutional investors have recently bought and sold shares of FRSH. Avion Wealth purchased a new stake in Freshworks in the 4th quarter worth approximately $26,000. Blue Trust Inc. boosted its holdings in shares of Freshworks by 1,987.3% in the 3rd quarter. Blue Trust Inc. now owns 2,964 shares of the company’s stock valued at $38,000 after purchasing an additional 2,822 shares during the last quarter. Covestor Ltd boosted its holdings in shares of Freshworks by 89.9% in the 3rd quarter. Covestor Ltd now owns 3,599 shares of the company’s stock valued at $41,000 after purchasing an additional 1,704 shares during the last quarter. Point72 Hong Kong Ltd acquired a new position in shares of Freshworks in the 3rd quarter valued at $57,000. Finally, National Bank of Canada FI boosted its holdings in shares of Freshworks by 1,385.8% in the 4th quarter. National Bank of Canada FI now owns 3,967 shares of the company’s stock valued at $64,000 after purchasing an additional 3,700 shares during the last quarter. 75.58% of the stock is owned by hedge funds and other institutional investors.

Freshworks Company Profile

Freshworks Inc, a software development company, provides software-as-a-service products worldwide. It offers Freshworks Customer Service Suite, which provides automated, personalized self-service on various channels, including web, chat, mobile messaging, email, and social; Freshdesk, a ticketing-centric customer service solution; Freshsuccess, a customer success solution; and Freshchat that provides agents with a modern conversational experience to proactively engage customers across digital messaging channels.