20,577 Shares in Freshworks Inc. (NASDAQ:FRSH) Bought by International Assets Investment Management LLC

International Assets Investment Management LLC acquired a new position in shares of Freshworks Inc. (NASDAQ:FRSH) in the fourth quarter, HoldingsChannel.com reports. The firm acquired 20,577 shares of the company’s stock, valued at approximately $483,000.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Arizona State Retirement System grew its stake in Freshworks by 3.6% during the 4th quarter. Arizona State Retirement System now owns 42,120 shares of the company’s stock worth $989,000 after buying an additional 1,453 shares during the last quarter. Legato Capital Management LLC grew its stake in shares of Freshworks by 13.3% in the fourth quarter. Legato Capital Management LLC now owns 60,895 shares of the company’s stock worth $1,430,000 after purchasing an additional 7,158 shares in the last quarter. Northside Capital Management LLC bought a new position in shares of Freshworks in the fourth quarter worth $226,000. Catalyst Private Wealth LLC bought a new position in shares of Freshworks in the fourth quarter worth $849,000. Finally, Diversified Trust Co grew its stake in shares of Freshworks by 8.2% in the fourth quarter. Diversified Trust Co now owns 49,520 shares of the company’s stock worth $1,163,000 after purchasing an additional 3,749 shares in the last quarter. 75.58% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on FRSH shares. JMP Securities increased their price target on Freshworks from $25.00 to $29.00 and gave the stock a “market outperform” rating in a research note on Wednesday, February 7th. Piper Sandler increased their price target on Freshworks from $24.00 to $28.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 2nd. Cantor Fitzgerald reissued an “overweight” rating and issued a $25.00 price target on shares of Freshworks in a research note on Wednesday, February 7th. Needham & Company LLC increased their price target on Freshworks from $25.00 to $30.00 and gave the stock a “buy” rating in a research note on Thursday, December 28th. Finally, Wolfe Research upgraded Freshworks from a “peer perform” rating to an “outperform” rating and set a $27.00 price objective for the company in a report on Tuesday, February 20th. Six investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $25.29.

Insider Activity

In related news, Director Roxanne S. Austin sold 6,303 shares of the company’s stock in a transaction on Friday, February 9th. The stock was sold at an average price of $21.54, for a total transaction of $135,766.62. Following the transaction, the director now directly owns 88,431 shares of the company’s stock, valued at $1,904,803.74. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, Director Roxanne S. Austin sold 6,303 shares of the company’s stock in a transaction on Friday, February 9th. The stock was sold at an average price of $21.54, for a total transaction of $135,766.62. Following the transaction, the director now directly owns 88,431 shares of the company’s stock, valued at $1,904,803.74. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Jennifer H. Taylor sold 7,035 shares of the company’s stock in a transaction on Monday, February 12th. The shares were sold at an average price of $21.71, for a total value of $152,729.85. Following the transaction, the director now directly owns 19,490 shares in the company, valued at $423,127.90. The disclosure for this sale can be found here. Insiders sold a total of 460,792 shares of company stock valued at $9,408,403 over the last three months. Insiders own 26.66% of the company’s stock.

Freshworks Stock Up 0.2 %

Shares of NASDAQ FRSH opened at $18.56 on Friday. Freshworks Inc. has a 12 month low of $12.22 and a 12 month high of $24.98. The company has a market cap of $5.53 billion, a price-to-earnings ratio of -39.49 and a beta of 0.90. The business has a fifty day simple moving average of $18.77 and a 200-day simple moving average of $20.04.

Freshworks (NASDAQ:FRSH) last announced its earnings results on Tuesday, February 6th. The company reported ($0.09) EPS for the quarter, beating the consensus estimate of ($0.13) by $0.04. Freshworks had a negative return on equity of 12.55% and a negative net margin of 23.04%. The business had revenue of $160.11 million during the quarter, compared to the consensus estimate of $158.11 million. As a group, sell-side analysts expect that Freshworks Inc. will post -0.37 EPS for the current fiscal year.

Freshworks Profile

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.