Freshworks Inc. (NASDAQ:FRSH – Get Rating) Director Jennifer H. Taylor sold 4,690 shares of the business’s stock in a transaction on Friday, June 10th. The stock was sold at an average price of $12.31, for a total value of $57,733.90. Following the completion of the transaction, the director now directly owns 809 shares of the company’s stock, valued at $9,958.79. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

FRSH stock traded down $1.97 during trading on Friday, reaching $12.35. 7,313,930 shares of the stock traded hands, compared to its average volume of 2,775,474. Freshworks Inc. has a 52-week low of $11.54 and a 52-week high of $53.36. The business’s 50 day moving average price is $16.51 and its 200-day moving average price is $20.64.

Freshworks (NASDAQ:FRSH – Get Rating) last issued its earnings results on Tuesday, May 3rd. The company reported ($0.18) earnings per share for the quarter, topping the consensus estimate of ($0.19) by $0.01. The company had revenue of $114.64 million during the quarter, compared to analysts’ expectations of $108.24 million. During the same period in the previous year, the company earned ($0.02) EPS. Freshworks’s quarterly revenue was up 42.3% on a year-over-year basis. Equities analysts forecast that Freshworks Inc. will post -0.72 EPS for the current fiscal year.

Several hedge funds and other institutional investors have recently modified their holdings of FRSH. Cubist Systematic Strategies LLC acquired a new position in shares of Freshworks in the third quarter worth about $27,000. Moors & Cabot Inc. acquired a new position in shares of Freshworks in the third quarter worth about $506,000. Principal Financial Group Inc. lifted its stake in shares of Freshworks by 0.5% in the fourth quarter. Principal Financial Group Inc. now owns 332,720 shares of the company’s stock worth $8,737,000 after acquiring an additional 1,603 shares in the last quarter. Woodline Partners LP lifted its stake in shares of Freshworks by 5.4% in the fourth quarter. Woodline Partners LP now owns 36,873 shares of the company’s stock worth $968,000 after acquiring an additional 1,873 shares in the last quarter. Finally, FourThought Financial LLC acquired a new position in shares of Freshworks in the first quarter worth about $47,000. 24.86% of the stock is owned by institutional investors.

A number of equities analysts have recently weighed in on FRSH shares. JMP Securities cut their price target on Freshworks from $41.00 to $29.00 in a report on Wednesday, May 4th. Jefferies Financial Group dropped their target price on Freshworks from $18.00 to $17.00 in a research note on Monday, May 23rd. Robert W. Baird dropped their target price on Freshworks from $50.00 to $40.00 in a research note on Friday, February 11th. Needham & Company LLC dropped their target price on Freshworks from $40.00 to $25.00 in a research note on Wednesday, May 4th. Finally, StockNews.com upgraded Freshworks to a “sell” rating in a research note on Monday, May 9th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, Freshworks has an average rating of “Hold” and an average target price of $26.20.

Freshworks Company Profile (Get Rating)

Freshworks Inc, a software development company, provides modern software-as-a-service products worldwide. The company offers Freshdesk Support Desk that enables businesses to delight their customers at every service engagement touchpoint across traditional channels, including email, as well as modern channels, such as messaging and social media; Freshdesk Messaging, which provides agents with a modern conversational user interface to engage with customers across web, mobile, and social messaging applications; Freshdesk Contact Center that helps agent with cloud-based telephony system to connect with customers; Freshdesk Omnichannel Suite, an integrated suite to engage and track customers across digital and traditional channels; and Freshdesk Customer Success that helps customer success managers at B2B subscription companies.

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