Freshworks Inc. (NASDAQ:FRSH) CMO Stacey Epstein Sells 16,300 Shares of Stock

Freshworks Inc. (NASDAQ:FRSHGet Rating) CMO Stacey Epstein sold 16,300 shares of the company’s stock in a transaction that occurred on Tuesday, September 13th. The stock was sold at an average price of $14.57, for a total value of $237,491.00. Following the sale, the chief marketing officer now owns 108,215 shares of the company’s stock, valued at approximately $1,576,692.55. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Freshworks Stock Down 4.7 %

Shares of NASDAQ:FRSH opened at $14.41 on Wednesday. Freshworks Inc. has a 52-week low of $10.51 and a 52-week high of $53.36. The stock’s fifty day simple moving average is $14.14 and its 200-day simple moving average is $15.58. The company has a market capitalization of $4.13 billion and a P/E ratio of -0.57.

Institutional Trading of Freshworks

Several institutional investors and hedge funds have recently made changes to their positions in FRSH. FourThought Financial LLC purchased a new stake in shares of Freshworks in the first quarter valued at $47,000. Quantbot Technologies LP purchased a new stake in shares of Freshworks in the first quarter valued at $59,000. Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in shares of Freshworks in the second quarter valued at $136,000. US Bancorp DE lifted its position in shares of Freshworks by 1,141.4% in the first quarter. US Bancorp DE now owns 8,044 shares of the company’s stock valued at $144,000 after acquiring an additional 7,396 shares in the last quarter. Finally, Teacher Retirement System of Texas purchased a new stake in shares of Freshworks in the second quarter valued at $180,000. 31.25% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on FRSH shares. Oppenheimer cut their price target on Freshworks from $26.00 to $18.00 and set an “outperform” rating for the company in a research note on Wednesday, August 3rd. Robert W. Baird dropped their price objective on Freshworks to $20.00 in a report on Tuesday, August 9th. Barclays dropped their price objective on Freshworks from $18.00 to $15.00 and set an “equal weight” rating on the stock in a report on Tuesday, July 26th. Piper Sandler dropped their price objective on Freshworks from $20.00 to $17.00 and set an “overweight” rating on the stock in a report on Wednesday, August 3rd. Finally, JMP Securities dropped their price objective on Freshworks from $29.00 to $23.00 and set a “market outperform” rating on the stock in a report on Wednesday, August 3rd. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $18.23.

About Freshworks

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Freshworks Inc, a software development company, provides modern software-as-a-service products worldwide. Freshworks Inc was formerly known as Freshdesk Inc and changed its name to Freshworks Inc in June 2017. The company was incorporated in 2010 and is headquartered in San Mateo, California.

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

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