Freshworks Inc. (NASDAQ:FRSH) Shares Bought by Ceera Investments LLC

Ceera Investments LLC boosted its stake in shares of Freshworks Inc. (NASDAQ:FRSH - Free Report) by 1,261.7% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 455,420 shares of the company's stock after buying an additional 421,975 shares during the period. Freshworks makes up approximately 2.5% of Ceera Investments LLC's holdings, making the stock its 9th biggest holding. Ceera Investments LLC owned 0.15% of Freshworks worth $7,364,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the stock. Blue Trust Inc. raised 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 period. Versor Investments LP raised its holdings in Freshworks by 3.0% during the 4th quarter. Versor Investments LP now owns 34,400 shares of the company's stock worth $556,000 after buying an additional 1,000 shares during the period. Arizona State Retirement System raised its holdings in Freshworks by 2.2% during the 4th quarter. Arizona State Retirement System now owns 51,704 shares of the company's stock worth $836,000 after buying an additional 1,103 shares during the period. Avion Wealth acquired a new stake in Freshworks during the 4th quarter worth approximately $26,000. Finally, Covestor Ltd raised its holdings in shares of Freshworks by 89.9% in the third 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. 75.58% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Freshworks news, Director Barry L. Padgett sold 2,345 shares of the business's stock in a transaction dated Tuesday, December 17th. The stock was sold at an average price of $17.30, for a total transaction of $40,568.50. Following the completion of the transaction, the director now owns 26,957 shares of the company's stock, valued at approximately $466,356.10. The trade was a 8.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Rathnagirish Mathrubootham sold 835,000 shares of the company's stock in a transaction that occurred on Wednesday, December 18th. The shares were sold at an average price of $16.08, for a total value of $13,426,800.00. Following the completion of the transaction, the chairman now directly owns 551,137 shares of the company's stock, valued at $8,862,282.96. This represents a 60.24 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 1,735,263 shares of company stock valued at $27,361,209 over the last quarter. 19.15% of the stock is owned by company insiders.

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Freshworks Price Performance

FRSH traded down $0.47 on Thursday, hitting $14.35. 2,478,822 shares of the stock were exchanged, compared to its average volume of 3,989,578. Freshworks Inc. has a 12 month low of $10.81 and a 12 month high of $19.77. The business has a 50-day moving average of $17.15 and a two-hundred day moving average of $14.77. The firm has a market capitalization of $4.33 billion, a price-to-earnings ratio of -44.84 and a beta of 0.92.

Freshworks (NASDAQ:FRSH - Get Free Report) last posted its quarterly earnings data on Tuesday, February 11th. The company reported ($0.02) earnings per share 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%. Equities research analysts expect that Freshworks Inc. will post -0.19 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on FRSH. Scotiabank lifted their price objective 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 boosted their target price on shares of Freshworks from $18.00 to $19.00 and gave the stock an "equal weight" rating in a report on Monday, January 13th. Wells Fargo & Company downgraded shares of Freshworks from an "equal weight" rating to an "underweight" rating and lowered their target price for the stock from $16.00 to $13.00 in a report on Tuesday, January 21st. Robert W. Baird set a $18.00 target price on shares of Freshworks in a report on Wednesday, February 12th. Finally, Oppenheimer lifted their price objective on shares of Freshworks from $22.00 to $24.00 and gave the stock an "outperform" rating in a research report on Wednesday, February 12th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $21.14.

Freshworks 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.