Freshworks Inc. (NASDAQ:FRSH - Get Free Report) Director Barry L. Padgett sold 780 shares of the stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $14.09, for a total transaction of $10,990.20. Following the completion of the sale, the director now owns 26,957 shares of the company's stock, valued at $379,824.13. This trade represents a 2.81 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Freshworks Trading Up 1.6 %
Shares of NASDAQ FRSH opened at $14.33 on Wednesday. The stock has a market capitalization of $4.32 billion, a PE ratio of -44.78 and a beta of 0.92. Freshworks Inc. has a twelve month low of $10.81 and a twelve month high of $19.77. The stock has a fifty day simple moving average of $16.79 and a 200-day simple moving average of $15.15.
Freshworks (NASDAQ:FRSH - Get Free Report) last posted its quarterly earnings data 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 net margin of 13.24% and a negative return on equity of 6.63%. On average, equities analysts predict that Freshworks Inc. will post -0.19 earnings per share for the current year.
Analysts Set New Price Targets
A number of analysts have commented on the stock. Needham & Company LLC reiterated a "buy" rating and issued a $25.00 price objective on shares of Freshworks in a report on Monday, March 17th. Morgan Stanley boosted their price objective on Freshworks from $18.00 to $19.00 and gave the stock an "equal weight" rating in a research note on Monday, January 13th. Oppenheimer raised their target price on Freshworks from $22.00 to $24.00 and gave the stock an "outperform" rating in a research note on Wednesday, February 12th. Wells Fargo & Company lowered Freshworks from an "equal weight" rating to an "underweight" rating and reduced their price target for the stock from $16.00 to $13.00 in a report on Tuesday, January 21st. Finally, Barclays upped their price objective on shares of Freshworks from $14.00 to $20.00 and gave the company an "equal weight" rating in a report on Wednesday, February 12th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and eight have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $21.14.
View Our Latest Stock Report on FRSH
Institutional Inflows and Outflows
A number of institutional investors have recently added to or reduced their stakes in FRSH. Avion Wealth purchased a new stake in shares of Freshworks in the 4th quarter valued at approximately $26,000. Blue Trust Inc. lifted its holdings in Freshworks by 32.2% during the 4th quarter. Blue Trust Inc. now owns 3,918 shares of the company's stock worth $63,000 after buying an additional 954 shares during the last quarter. National Bank of Canada FI boosted its position in shares of Freshworks by 1,385.8% during the 4th quarter. National Bank of Canada FI now owns 3,967 shares of the company's stock worth $64,000 after acquiring an additional 3,700 shares in the last quarter. Nisa Investment Advisors LLC raised its position in shares of Freshworks by 102.4% during the 4th quarter. Nisa Investment Advisors LLC now owns 4,393 shares of the company's stock worth $71,000 after acquiring an additional 2,223 shares in the last quarter. Finally, Covestor Ltd raised its position in shares of Freshworks by 30.2% during the 4th quarter. Covestor Ltd now owns 4,686 shares of the company's stock worth $76,000 after acquiring an additional 1,087 shares in the last quarter. Hedge funds and other institutional investors own 75.58% of the company's stock.
Freshworks Company Profile
(
Get Free Report)
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.
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