Freshworks Inc. (NASDAQ:FRSH) Director Jennifer H. Taylor Sells 4,685 Shares

Freshworks Inc. (NASDAQ:FRSH) Director Jennifer H. Taylor sold 4,685 shares of Freshworks stock in a transaction on Friday, January 10th. The stock was sold at an average price of $15.49, for a total transaction of $72,570.65. Following the transaction, the director now owns 37,286 shares in the company, valued at approximately $577,560.14. This trade represents a 11.16 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

Freshworks Price Performance

NASDAQ:FRSH opened at $15.60 on Tuesday. Freshworks Inc. has a one year low of $10.81 and a one year high of $23.64. The firm has a 50-day moving average of $15.93 and a 200-day moving average of $13.29. The company has a market cap of $4.72 billion, a PE ratio of -45.88 and a beta of 0.88.

Institutional Investors Weigh In On Freshworks

A number of institutional investors have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. grew its position in Freshworks by 49.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 5,270,338 shares of the company’s stock worth $60,503,000 after purchasing an additional 1,752,995 shares in the last quarter. State Street Corp grew its position in Freshworks by 7.1% in the 3rd quarter. State Street Corp now owns 4,729,093 shares of the company’s stock worth $54,290,000 after purchasing an additional 313,982 shares in the last quarter. Geode Capital Management LLC grew its position in Freshworks by 1.5% in the 3rd quarter. Geode Capital Management LLC now owns 4,594,212 shares of the company’s stock worth $52,750,000 after purchasing an additional 66,342 shares in the last quarter. Franklin Resources Inc. grew its position in Freshworks by 18.1% in the 3rd quarter. Franklin Resources Inc. now owns 3,945,001 shares of the company’s stock worth $44,934,000 after purchasing an additional 604,658 shares in the last quarter. Finally, Renaissance Technologies LLC grew its position in Freshworks by 7.6% in the 2nd quarter. Renaissance Technologies LLC now owns 3,134,600 shares of the company’s stock worth $39,778,000 after purchasing an additional 221,900 shares in the last quarter. 75.58% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the stock. Piper Sandler boosted their target price on shares of Freshworks from $18.00 to $20.00 and gave the company an “overweight” rating in a report on Monday, January 6th. Needham & Company LLC restated a “buy” rating and issued a $20.00 target price on shares of Freshworks in a report on Tuesday, December 17th. Robert W. Baird dropped their target price 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. Canaccord Genuity Group boosted their target price on shares of Freshworks from $17.00 to $19.00 and gave the company a “buy” rating in a report on Thursday, November 7th. Finally, JMP Securities boosted their target price on shares of Freshworks from $21.00 to $24.00 and gave the company a “market outperform” rating in a report on Thursday, November 7th. Seven equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $19.08.

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.