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

Freshworks Inc. (NASDAQ:FRSH) Director Johanna Flower sold 1,450 shares of the company’s 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 transaction, the director now owns 41,491 shares in the company, valued at $747,252.91. This trade represents a 3.38 % decrease in their ownership of the stock. The transaction was disclosed in a filing 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 stock was sold at an average price of $18.00, for a total value of $385,200.00.

Freshworks Price Performance

NASDAQ:FRSH opened at $17.01 on Wednesday. The firm has a market capitalization of $5.15 billion, a PE ratio of -53.16 and a beta of 0.91. The business’s fifty day moving average price is $17.09 and its 200 day moving average price is $14.44. Freshworks Inc. has a 12 month low of $10.81 and a 12 month high of $20.91.

Freshworks (NASDAQ:FRSH) last posted 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 net margin of 13.24% and a negative return on equity of 6.63%. As a group, equities analysts anticipate that Freshworks Inc. will post -0.19 EPS for the current year.

Analyst Ratings Changes

A number of research analysts have commented on FRSH shares. Canaccord Genuity Group upped their price target on Freshworks from $19.00 to $23.00 and gave the stock a “buy” rating in a research note on Wednesday, February 12th. Wells Fargo & Company lowered Freshworks from an “equal weight” rating to an “underweight” rating and cut their price objective for the stock from $16.00 to $13.00 in a research report on Tuesday, January 21st. Needham & Company LLC upped their price objective on Freshworks from $20.00 to $25.00 and gave the stock a “buy” rating in a research report on Wednesday, February 12th. Piper Sandler upped their price objective on Freshworks from $20.00 to $24.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 12th. Finally, Cantor Fitzgerald upped their price objective on Freshworks from $18.00 to $22.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 12th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $20.62.

Hedge Funds Weigh In On Freshworks

Several hedge funds have recently made changes to their positions in FRSH. Eminence Capital LP purchased a new position in shares of Freshworks during the fourth quarter worth about $86,002,000. Arrowstreet Capital Limited Partnership purchased a new position in shares of Freshworks during the fourth quarter worth about $61,530,000. Norges Bank purchased a new position in shares of Freshworks during the fourth quarter worth about $57,527,000. Fuller & Thaler Asset Management Inc. purchased a new position in shares of Freshworks during the fourth quarter worth about $49,946,000. Finally, JPMorgan Chase & Co. grew its holdings in shares of Freshworks by 49.8% during the third quarter. JPMorgan Chase & Co. now owns 5,270,338 shares of the company’s stock worth $60,503,000 after purchasing an additional 1,752,995 shares during the last quarter. Hedge funds and other institutional investors own 75.58% of the company’s stock.

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.