Freshworks Inc. (NASDAQ:FRSH - Get Free Report) insider Mika Yamamoto sold 3,574 shares of Freshworks stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $14.20, for a total transaction of $50,750.80. Following the sale, the insider now owns 611,604 shares in the company, valued at approximately $8,684,776.80. This represents a 0.58 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Mika Yamamoto also recently made the following trade(s):
- On Monday, March 3rd, Mika Yamamoto sold 2,859 shares of Freshworks stock. The shares were sold at an average price of $16.74, for a total transaction of $47,859.66.
- On Monday, February 3rd, Mika Yamamoto sold 2,859 shares of Freshworks stock. The shares were sold at an average price of $18.29, for a total value of $52,291.11.
Freshworks Stock Performance
NASDAQ:FRSH traded down $0.08 during trading hours on Tuesday, reaching $12.08. The stock had a trading volume of 4,465,330 shares, compared to its average volume of 3,286,937. The stock has a market cap of $3.64 billion, a P/E ratio of -37.75 and a beta of 0.98. The stock has a 50 day simple moving average of $16.10 and a 200 day simple moving average of $15.18. Freshworks Inc. has a 12-month low of $10.81 and a 12-month high of $19.77.
Freshworks (NASDAQ:FRSH - Get Free Report) last announced its quarterly earnings data 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 analysts expect that Freshworks Inc. will post -0.19 earnings per share for the current fiscal year.
Hedge Funds Weigh In On Freshworks
Large investors have recently made changes to their positions in the stock. Vanguard Group Inc. lifted its holdings in Freshworks by 5.7% during the 4th quarter. Vanguard Group Inc. now owns 25,063,879 shares of the company's stock worth $405,283,000 after purchasing an additional 1,357,526 shares in the last quarter. Eminence Capital LP bought a new position in shares of Freshworks in the fourth quarter valued at approximately $86,002,000. JPMorgan Chase & Co. boosted 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 acquiring an additional 1,752,995 shares during the period. State Street Corp grew its stake in Freshworks by 7.1% during the third quarter. State Street Corp now owns 4,729,093 shares of the company's stock valued at $54,290,000 after acquiring an additional 313,982 shares in the last quarter. Finally, Geode Capital Management LLC increased its holdings in Freshworks by 1.7% during the 4th quarter. Geode Capital Management LLC now owns 4,673,600 shares of the company's stock worth $75,588,000 after acquiring an additional 79,388 shares during the period. 75.58% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
FRSH has been the subject of a number of recent research reports. Jefferies Financial Group decreased their price target on shares of Freshworks from $22.00 to $20.00 and set a "hold" rating for the company in a research note on Monday, March 31st. StockNews.com upgraded shares of Freshworks from a "hold" rating to a "buy" rating in a report on Thursday, February 13th. Oppenheimer lifted their price target on Freshworks from $22.00 to $24.00 and gave the company an "outperform" rating in a research note on Wednesday, February 12th. Wells Fargo & Company lowered Freshworks from an "equal weight" rating to an "underweight" rating and dropped their target price for the company from $16.00 to $13.00 in a report on Tuesday, January 21st. Finally, Robert W. Baird set a $18.00 price target on Freshworks in a report on Wednesday, February 12th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $21.14.
Read Our Latest Analysis on Freshworks
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.
Featured Stories
Before you consider Freshworks, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Freshworks wasn't on the list.
While Freshworks currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Like this article? Share it with a colleague.
Link copied to clipboard.
