Insider Selling: Freshworks Inc. (NASDAQ:FRSH) Director Sells $133,663.05 in Stock

Freshworks Inc. (NASDAQ:FRSHGet Free Report) Director Zachary Nelson sold 8,433 shares of the stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $15.85, for a total value of $133,663.05. Following the completion of the transaction, the director now directly owns 24,187 shares in the company, valued at $383,363.95. This represents a 25.85 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

Zachary Nelson also recently made the following trade(s):

  • On Monday, November 4th, Zachary Nelson sold 8,433 shares of Freshworks stock. The shares were sold at an average price of $12.19, for a total value of $102,798.27.

Freshworks Trading Up 1.1 %

Shares of NASDAQ FRSH opened at $16.07 on Monday. The company’s 50-day simple moving average is $15.51 and its 200-day simple moving average is $13.15. Freshworks Inc. has a 52-week low of $10.81 and a 52-week high of $23.93.

Wall Street Analyst Weigh In

FRSH has been the subject of several research reports. Canaccord Genuity Group lifted their price objective on shares of Freshworks from $17.00 to $19.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. Robert W. Baird lowered their price target on shares of Freshworks from $16.00 to $15.00 and set a “neutral” rating on the stock in a report on Thursday, November 7th. JPMorgan Chase & Co. lifted their price objective on Freshworks from $17.00 to $20.00 and gave the company an “overweight” rating in a research note on Thursday, November 7th. Piper Sandler upped their target price on Freshworks from $13.00 to $18.00 and gave the stock an “overweight” rating in a research note on Thursday, November 7th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $20.00 price target on shares of Freshworks in a research report on Tuesday, December 17th. Seven equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $18.69.

Read Our Latest Stock Report on FRSH

Institutional Investors Weigh In On Freshworks

Several institutional investors have recently bought and sold shares of FRSH. Blue Trust Inc. lifted its position in shares of Freshworks by 1,987.3% in the third quarter. Blue Trust Inc. now owns 2,964 shares of the company’s stock valued at $38,000 after acquiring an additional 2,822 shares in the last quarter. Covestor Ltd raised its stake in Freshworks by 89.9% in the 3rd quarter. Covestor Ltd now owns 3,599 shares of the company’s stock valued at $41,000 after purchasing an additional 1,704 shares during the last quarter. Quarry LP lifted its holdings in Freshworks by 157.6% in the 2nd quarter. Quarry LP now owns 4,323 shares of the company’s stock valued at $55,000 after purchasing an additional 2,645 shares in the last quarter. International Assets Investment Management LLC acquired a new stake in Freshworks during the 2nd quarter worth $58,000. Finally, Point72 Hong Kong Ltd purchased a new stake in shares of Freshworks during the third quarter worth $57,000. 75.58% of the stock is currently owned by institutional investors and hedge funds.

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.

Featured Articles

Insider Buying and Selling by Quarter for Freshworks (NASDAQ:FRSH)

Receive News & Ratings for Freshworks Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Freshworks and related companies with MarketBeat.com's FREE daily email newsletter.