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

Freshworks Inc. (NASDAQ:FRSH) Director Johanna Flower sold 1,450 shares of the firm’s stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $18.01, for a total value of $26,114.50. Following the sale, the director now directly owns 41,491 shares of the company’s stock, valued at approximately $747,252.91. This represents a 3.38 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

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 value of $385,200.00.

Freshworks Stock Performance

Shares of NASDAQ:FRSH traded down $0.11 during midday trading on Monday, hitting $17.20. 4,158,642 shares of the stock were exchanged, compared to its average volume of 4,364,806. The company has a market capitalization of $5.21 billion, a PE ratio of -53.75 and a beta of 0.91. Freshworks Inc. has a 52-week low of $10.81 and a 52-week high of $20.91. The business’s fifty day simple moving average is $17.08 and its two-hundred day simple moving average is $14.36.

Freshworks (NASDAQ:FRSH) last posted its quarterly earnings results on Tuesday, February 11th. The company reported ($0.02) earnings per share for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.10). Freshworks had a negative return on equity of 6.63% and a negative net margin of 13.24%. As a group, equities analysts anticipate that Freshworks Inc. will post -0.19 EPS for the current year.

Wall Street Analysts Forecast Growth

FRSH has been the topic of a number of analyst reports. Oppenheimer lifted their price target on Freshworks from $22.00 to $24.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 12th. Cantor Fitzgerald lifted their target price on shares of Freshworks from $18.00 to $22.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 12th. Canaccord Genuity Group upped their price target on shares of Freshworks from $19.00 to $23.00 and gave the company a “buy” rating in a research report on Wednesday, February 12th. StockNews.com upgraded shares of Freshworks from a “hold” rating to a “buy” rating in a research report on Thursday, February 13th. Finally, Barclays increased their target price on Freshworks from $14.00 to $20.00 and gave the company an “equal weight” rating in a report on Wednesday, February 12th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $20.62.

Institutional Trading of Freshworks

Institutional investors have recently added to or reduced their stakes in the business. Avion Wealth bought a new position in shares of Freshworks during the 4th quarter valued at $26,000. Blue Trust Inc. increased its position in Freshworks by 1,987.3% during the third quarter. Blue Trust Inc. now owns 2,964 shares of the company’s stock worth $38,000 after buying an additional 2,822 shares during the last quarter. Covestor Ltd raised its holdings in Freshworks by 89.9% during the third quarter. Covestor Ltd now owns 3,599 shares of the company’s stock valued at $41,000 after buying an additional 1,704 shares in the last quarter. National Bank of Canada FI lifted its position in shares of Freshworks by 1,385.8% in the fourth quarter. National Bank of Canada FI now owns 3,967 shares of the company’s stock worth $64,000 after buying an additional 3,700 shares during the last quarter. Finally, Nisa Investment Advisors LLC boosted its stake in shares of Freshworks by 102.4% during the 4th quarter. Nisa Investment Advisors LLC now owns 4,393 shares of the company’s stock worth $71,000 after acquiring an additional 2,223 shares in the last quarter. 75.58% of the stock is currently owned by institutional investors and hedge funds.

About Freshworks

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.