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

Freshworks Inc. (NASDAQ:FRSH - Get Free Report) Director Johanna Flower sold 1,450 shares of the business'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 transaction, the director now owns 41,491 shares in the company, valued at $747,252.91. The trade was a 3.38 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

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 Up 1.3 %

Shares of Freshworks stock traded up $0.23 during trading on Thursday, reaching $17.54. 1,963,220 shares of the company were exchanged, compared to its average volume of 4,209,214. Freshworks Inc. has a twelve month low of $10.81 and a twelve month high of $20.63. The firm has a market capitalization of $5.31 billion, a price-to-earnings ratio of -54.86 and a beta of 0.91. The business has a 50-day moving average price of $17.13 and a 200-day moving average price of $14.46.

Freshworks (NASDAQ:FRSH - Get Free Report) last posted its earnings results on Tuesday, February 11th. The company reported ($0.02) earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 research analysts forecast that Freshworks Inc. will post -0.19 EPS for the current fiscal year.

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Analyst Ratings Changes

FRSH has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. raised their price target on shares of Freshworks from $17.00 to $20.00 and gave the company an "overweight" rating in a report on Thursday, November 7th. Canaccord Genuity Group boosted their price objective on shares of Freshworks from $19.00 to $23.00 and gave the company a "buy" rating in a report on Wednesday, February 12th. Wells Fargo & Company cut shares of Freshworks from an "equal weight" rating to an "underweight" rating and reduced their target price for the company from $16.00 to $13.00 in a report on Tuesday, January 21st. Scotiabank raised their price objective on shares of Freshworks from $17.00 to $19.00 and gave the stock a "sector perform" rating in a report on Wednesday, February 12th. Finally, Robert W. Baird lowered their price objective on shares of Freshworks from $16.00 to $15.00 and set a "neutral" rating on the stock in a research report on Thursday, November 7th. One research analyst has rated the stock with a sell rating, four have given a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $20.62.

Institutional Trading of Freshworks

Institutional investors have recently modified their holdings of the company. Creative Planning acquired a new position in shares of Freshworks in the third quarter valued at approximately $482,000. Blue Trust Inc. raised its position 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 worth $38,000 after acquiring an additional 2,822 shares in the last quarter. International Assets Investment Management LLC increased its position in Freshworks by 121.2% in the 3rd quarter. International Assets Investment Management LLC now owns 10,056 shares of the company's stock valued at $115,000 after buying an additional 5,510 shares in the last quarter. Clear Creek Financial Management LLC bought a new stake in Freshworks in the 3rd quarter valued at about $372,000. Finally, Cary Street Partners Asset Management LLC bought a new stake in Freshworks during the 3rd quarter worth approximately $166,000. 75.58% of the stock is currently owned by 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.