Freshworks Inc. (NASDAQ:FRSH - Get Free Report) insider Mika Yamamoto sold 2,859 shares of the business's stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $16.74, for a total value of $47,859.66. Following the sale, the insider now owns 615,893 shares of the company's stock, valued at approximately $10,310,048.82. This represents a 0.46 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Mika Yamamoto also recently made the following trade(s):
- On Monday, February 3rd, Mika Yamamoto sold 2,859 shares of Freshworks stock. The stock was sold at an average price of $18.29, for a total value of $52,291.11.
- On Thursday, January 2nd, Mika Yamamoto sold 2,859 shares of Freshworks stock. The shares were sold at an average price of $15.84, for a total value of $45,286.56.
- On Tuesday, December 17th, Mika Yamamoto sold 5,718 shares of Freshworks stock. The stock was sold at an average price of $16.95, for a total value of $96,920.10.
Freshworks Stock Performance
NASDAQ FRSH traded down $0.15 during mid-day trading on Friday, reaching $15.80. 2,999,764 shares of the stock were exchanged, compared to its average volume of 4,028,847. Freshworks Inc. has a 1-year low of $10.81 and a 1-year high of $19.77. The stock has a market capitalization of $4.76 billion, a PE ratio of -49.38 and a beta of 0.92. The business's fifty day simple moving average is $17.23 and its 200 day simple moving average is $14.66.
Freshworks (NASDAQ:FRSH - Get Free Report) last posted its quarterly 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%. On average, analysts anticipate that Freshworks Inc. will post -0.19 EPS for the current year.
Analyst Ratings Changes
A number of equities analysts have weighed in on the company. UBS Group set a $22.00 target price on Freshworks in a research note on Thursday, February 6th. Piper Sandler increased their target price on Freshworks from $20.00 to $24.00 and gave the company an "overweight" rating in a report on Wednesday, February 12th. Needham & Company LLC increased their price objective on Freshworks from $20.00 to $25.00 and gave the stock a "buy" rating in a report on Wednesday, February 12th. Scotiabank increased their price objective on Freshworks from $17.00 to $19.00 and gave the stock a "sector perform" rating in a report on Wednesday, February 12th. Finally, JMP Securities set a $27.00 price objective on Freshworks in a 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 company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $21.14.
Read Our Latest Stock Analysis on Freshworks
Hedge Funds Weigh In On Freshworks
A number of hedge funds and other institutional investors have recently made changes to their positions in FRSH. Eminence Capital LP bought a new stake in Freshworks in the fourth quarter valued at about $86,002,000. Arrowstreet Capital Limited Partnership acquired a new stake in shares of Freshworks in the fourth quarter valued at approximately $61,530,000. Norges Bank bought a new stake in Freshworks during the 4th quarter worth about $57,527,000. Fuller & Thaler Asset Management Inc. acquired a new position in Freshworks during the fourth quarter worth $49,946,000. Finally, JPMorgan Chase & Co. lifted its position in shares of Freshworks by 49.8% in the third quarter. JPMorgan Chase & Co. now owns 5,270,338 shares of the company's stock valued at $60,503,000 after buying an additional 1,752,995 shares during the last quarter. 75.58% of the stock is owned by institutional investors.
About Freshworks
(
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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