Freshworks Inc. (NASDAQ:FRSH) Director Johanna Flower Sells 1,450 Shares

Freshworks Inc. (NASDAQ:FRSH) Director Johanna Flower sold 1,450 shares of the stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $18.01, for a total value of $26,114.50. Following the completion of the transaction, the director now owns 41,491 shares of the company’s stock, valued at approximately $747,252.91. This trade represents a 3.38 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

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

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

Freshworks Trading Up 1.8 %

Shares of FRSH stock opened at $17.31 on Thursday. Freshworks Inc. has a 12-month low of $10.81 and a 12-month high of $20.91. The business’s fifty day simple moving average is $17.13 and its 200-day simple moving average is $14.46. The company has a market cap of $5.24 billion, a PE ratio of -54.09 and a beta of 0.91.

Freshworks (NASDAQ:FRSH) last announced its earnings results on Tuesday, February 11th. The company reported ($0.02) earnings per share (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 forecast that Freshworks Inc. will post -0.19 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms have commented on FRSH. StockNews.com raised Freshworks from a “hold” rating to a “buy” rating in a report on Thursday, February 13th. Canaccord Genuity Group upped their target price on shares of Freshworks from $19.00 to $23.00 and gave the company a “buy” rating in a report on Wednesday, February 12th. Barclays lifted their price target on shares of Freshworks from $14.00 to $20.00 and gave the stock an “equal weight” rating in a research note on Wednesday, February 12th. JMP Securities upped their price objective on Freshworks from $21.00 to $24.00 and gave the stock a “market outperform” rating in a research note on Thursday, November 7th. Finally, Robert W. Baird lowered their target price on Freshworks from $16.00 to $15.00 and set a “neutral” rating on the stock in a research report on Thursday, November 7th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat, Freshworks currently has an average rating of “Moderate Buy” and an average target price of $20.62.

Institutional Trading of Freshworks

A number of institutional investors have recently bought and sold shares of the stock. Creative Planning purchased a new position in shares of Freshworks in the third quarter worth $482,000. Blue Trust Inc. raised its stake in Freshworks by 1,987.3% in the 3rd quarter. Blue Trust Inc. now owns 2,964 shares of the company’s stock worth $38,000 after acquiring an additional 2,822 shares during the last quarter. International Assets Investment Management LLC lifted its position in Freshworks by 121.2% during the 3rd quarter. International Assets Investment Management LLC now owns 10,056 shares of the company’s stock worth $115,000 after acquiring an additional 5,510 shares during the period. Clear Creek Financial Management LLC acquired a new stake in Freshworks during the 3rd quarter worth about $372,000. Finally, Cary Street Partners Asset Management LLC purchased a new stake in Freshworks during the 3rd quarter valued at about $166,000. 75.58% of the stock is currently owned by institutional investors and hedge funds.

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.