191,821 Shares in Freshworks Inc. (NASDAQ:FRSH) Purchased by Kennedy Capital Management LLC

Kennedy Capital Management LLC purchased a new stake in Freshworks Inc. (NASDAQ:FRSH - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The firm purchased 191,821 shares of the company's stock, valued at approximately $3,102,000. Kennedy Capital Management LLC owned 0.06% of Freshworks at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in FRSH. State Street Corp grew its stake in Freshworks by 7.1% in the third quarter. State Street Corp now owns 4,729,093 shares of the company's stock valued at $54,290,000 after purchasing an additional 313,982 shares during the last quarter. Barclays PLC grew its position in shares of Freshworks by 33.4% in the 3rd quarter. Barclays PLC now owns 337,621 shares of the company's stock worth $3,875,000 after buying an additional 84,568 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Freshworks by 1.5% during the 3rd quarter. Geode Capital Management LLC now owns 4,594,212 shares of the company's stock worth $52,750,000 after acquiring an additional 66,342 shares in the last quarter. Tidal Investments LLC purchased a new stake in Freshworks during the third quarter valued at approximately $534,000. Finally, Franklin Resources Inc. boosted its stake in Freshworks by 18.1% in the third quarter. Franklin Resources Inc. now owns 3,945,001 shares of the company's stock valued at $44,934,000 after acquiring an additional 604,658 shares in the last quarter. 75.58% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Freshworks news, Director Zachary Nelson sold 8,433 shares of the stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $16.72, for a total transaction of $140,999.76. Following the transaction, the director now owns 24,187 shares in the company, valued at approximately $404,406.64. This represents a 25.85 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Mika Yamamoto sold 3,574 shares of the business's stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $14.20, for a total value of $50,750.80. Following the completion of the sale, the insider now owns 611,604 shares of the company's stock, valued at $8,684,776.80. This trade represents a 0.58 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 50,577 shares of company stock valued at $883,242 over the last ninety days. Company insiders own 19.15% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on FRSH shares. Robert W. Baird set a $18.00 price target on Freshworks in a research report on Wednesday, February 12th. StockNews.com raised Freshworks from a "hold" rating to a "buy" rating in a research report on Thursday, February 13th. Jefferies Financial Group lowered their price target on Freshworks from $22.00 to $20.00 and set a "hold" rating for the company in a report on Monday, March 31st. Morgan Stanley dropped their price target on Freshworks from $21.00 to $14.00 and set an "equal weight" rating on the stock in a research note on Wednesday. Finally, Barclays increased their price objective on shares of Freshworks from $14.00 to $20.00 and gave the company an "equal weight" rating in a research report on Wednesday, February 12th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, Freshworks presently has a consensus rating of "Moderate Buy" and a consensus price target of $20.43.

Freshworks Trading Up 0.5 %

Shares of FRSH stock traded up $0.06 during trading hours on Friday, hitting $12.60. The company's stock had a trading volume of 1,919,431 shares, compared to its average volume of 3,319,710. The stock has a market cap of $3.80 billion, a PE ratio of -39.38 and a beta of 0.98. Freshworks Inc. has a 12-month low of $10.81 and a 12-month high of $19.77. The company has a 50 day moving average of $15.20 and a 200 day moving average of $15.21.

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%. As a group, analysts anticipate that Freshworks Inc. will post -0.19 earnings per share for the current fiscal year.

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.