Key Points
- CAO Philippa Lawrence sold 5,846 shares on Dec. 2 at an average price of $12.06 for about $70,503, trimming her stake to 392,711 shares (a 1.47% decrease) after several smaller sales in prior months.
- Freshworks trades around $12.50 while analysts are mixed — the consensus rating is "Hold" with a $19.23 price target — and the company shows negative profitability metrics (negative P/E and net margin) despite quarterly revenue of $204.7 million.
Freshworks Inc. (NASDAQ:FRSH - Get Free Report) CAO Philippa Lawrence sold 5,846 shares of the company's stock in a transaction on Tuesday, December 2nd. The shares were sold at an average price of $12.06, for a total value of $70,502.76. Following the completion of the transaction, the chief accounting officer directly owned 392,711 shares in the company, valued at approximately $4,736,094.66. This represents a 1.47% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.
Philippa Lawrence also recently made the following trade(s):
- On Monday, November 17th, Philippa Lawrence sold 644 shares of Freshworks stock. The shares were sold at an average price of $12.05, for a total value of $7,760.20.
- On Monday, October 6th, Philippa Lawrence sold 866 shares of Freshworks stock. The shares were sold at an average price of $11.45, for a total transaction of $9,915.70.
- On Monday, September 15th, Philippa Lawrence sold 2,590 shares of Freshworks stock. The stock was sold at an average price of $12.53, for a total transaction of $32,452.70.
Freshworks Stock Up 0.6%
NASDAQ FRSH opened at $12.52 on Thursday. The company has a market cap of $3.53 billion, a price-to-earnings ratio of -125.82 and a beta of 0.89. Freshworks Inc. has a twelve month low of $10.51 and a twelve month high of $19.77. The business's fifty day moving average is $11.54 and its 200 day moving average is $13.19.
Freshworks (NASDAQ:FRSH - Get Free Report) last announced its earnings results on Thursday, September 11th. The company reported $0.18 earnings per share (EPS) for the quarter. The business had revenue of $204.68 million during the quarter. Freshworks had a negative return on equity of 0.37% and a negative net margin of 3.65%. On average, research analysts anticipate that Freshworks Inc. will post -0.19 earnings per share for the current fiscal year.
Analysts Set New Price Targets
Several research firms have recently commented on FRSH. Zacks Research downgraded shares of Freshworks from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, November 11th. Wall Street Zen upgraded Freshworks from a "buy" rating to a "strong-buy" rating in a research note on Saturday, November 8th. Canaccord Genuity Group cut their price target on Freshworks from $23.00 to $19.00 and set a "buy" rating for the company in a report on Thursday, November 6th. Wells Fargo & Company began coverage on shares of Freshworks in a research note on Tuesday, September 30th. They issued an "equal weight" rating and a $13.00 target price on the stock. Finally, Robert W. Baird decreased their price target on shares of Freshworks from $18.00 to $16.00 and set a "neutral" rating on the stock in a report on Monday, September 15th. Seven analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $19.23.
View Our Latest Research Report on Freshworks
Institutional Trading of Freshworks
Several hedge funds and other institutional investors have recently made changes to their positions in FRSH. Amundi raised its holdings in shares of Freshworks by 1.3% during the first quarter. Amundi now owns 80,074 shares of the company's stock valued at $1,049,000 after purchasing an additional 1,040 shares during the last quarter. Verdence Capital Advisors LLC raised its stake in Freshworks by 7.4% during the 2nd quarter. Verdence Capital Advisors LLC now owns 15,547 shares of the company's stock worth $232,000 after acquiring an additional 1,070 shares during the period. Vanguard Personalized Indexing Management LLC lifted its holdings in Freshworks by 11.0% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 11,694 shares of the company's stock valued at $174,000 after purchasing an additional 1,160 shares in the last quarter. Inceptionr LLC boosted its position in shares of Freshworks by 3.6% in the third quarter. Inceptionr LLC now owns 33,583 shares of the company's stock worth $395,000 after purchasing an additional 1,174 shares during the period. Finally, Covestor Ltd increased its stake in shares of Freshworks by 25.0% in the third quarter. Covestor Ltd now owns 7,393 shares of the company's stock worth $87,000 after purchasing an additional 1,479 shares in the last quarter. Hedge funds and other institutional investors own 75.58% of the company's stock.
Freshworks Company Profile
(
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.
Further Reading
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