Freshworks Inc. (NASDAQ:FRSH – Get 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
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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