Clear Creek Financial Management LLC Invests $372,000 in Freshworks Inc. (NASDAQ:FRSH)

Clear Creek Financial Management LLC bought a new stake in shares of Freshworks Inc. (NASDAQ:FRSH) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 32,400 shares of the company’s stock, valued at approximately $372,000.

Several other institutional investors and hedge funds also recently bought and sold shares of the stock. Advisors Asset Management Inc. lifted its position in Freshworks by 34.2% during the first quarter. Advisors Asset Management Inc. now owns 2,971 shares of the company’s stock valued at $54,000 after purchasing an additional 757 shares in the last quarter. California State Teachers Retirement System lifted its position in Freshworks by 0.5% during the first quarter. California State Teachers Retirement System now owns 161,706 shares of the company’s stock valued at $2,945,000 after purchasing an additional 831 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its position in Freshworks by 9.2% during the first quarter. Allspring Global Investments Holdings LLC now owns 13,755 shares of the company’s stock valued at $250,000 after purchasing an additional 1,160 shares in the last quarter. Amalgamated Bank lifted its position in Freshworks by 29.1% during the second quarter. Amalgamated Bank now owns 7,054 shares of the company’s stock valued at $90,000 after purchasing an additional 1,588 shares in the last quarter. Finally, ProShare Advisors LLC lifted its position in Freshworks by 8.5% during the first quarter. ProShare Advisors LLC now owns 29,127 shares of the company’s stock valued at $530,000 after purchasing an additional 2,293 shares in the last quarter. 75.58% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Freshworks news, Director Jennifer H. Taylor sold 4,685 shares of the business’s stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of $11.17, for a total transaction of $52,331.45. Following the sale, the director now directly owns 35,853 shares of the company’s stock, valued at $400,478.01. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other Freshworks news, Director Roxanne S. Austin sold 6,303 shares of the business’s stock in a transaction that occurred on Friday, August 9th. The stock was sold at an average price of $11.22, for a total transaction of $70,719.66. Following the completion of the transaction, the director now owns 223,106 shares in the company, valued at $2,503,249.32. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Jennifer H. Taylor sold 4,685 shares of the business’s stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $11.17, for a total value of $52,331.45. Following the transaction, the director now owns 35,853 shares of the company’s stock, valued at $400,478.01. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 38,023 shares of company stock valued at $427,304 over the last ninety days. 19.15% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the company. Wells Fargo & Company assumed coverage on Freshworks in a research report on Wednesday, October 16th. They set an “equal weight” rating and a $11.00 target price on the stock. Needham & Company LLC reissued a “buy” rating and set a $20.00 price target on shares of Freshworks in a report on Wednesday, July 31st. Scotiabank decreased their price target on Freshworks from $18.00 to $16.00 and set a “sector perform” rating on the stock in a report on Wednesday, July 31st. JPMorgan Chase & Co. decreased their price target on Freshworks from $19.00 to $17.00 and set an “overweight” rating on the stock in a report on Wednesday, July 31st. Finally, Cantor Fitzgerald decreased their price target on Freshworks from $19.00 to $18.00 and set an “overweight” rating on the stock in a report on Wednesday, July 31st. Seven investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, Freshworks currently has a consensus rating of “Moderate Buy” and an average price target of $17.54.

Freshworks Price Performance

Shares of NASDAQ FRSH opened at $12.23 on Tuesday. The business’s 50 day moving average is $11.41 and its two-hundred day moving average is $12.67. Freshworks Inc. has a 1-year low of $10.81 and a 1-year high of $24.98. The stock has a market capitalization of $3.69 billion, a P/E ratio of -34.43 and a beta of 0.72.

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.