Freshworks Inc. (NASDAQ:FRSH – Get Free Report) Director Barry L. Padgett sold 5,546 shares of Freshworks stock in a transaction that occurred on Monday, July 1st. The shares were sold at an average price of $12.77, for a total transaction of $70,822.42. Following the sale, the director now directly owns 26,957 shares in the company, valued at $344,240.89. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.
Freshworks Stock Up 1.8 %
Freshworks stock opened at $13.04 on Wednesday. Freshworks Inc. has a 12-month low of $11.90 and a 12-month high of $24.98. The firm’s fifty day moving average is $13.76 and its 200 day moving average is $18.18. The company has a market capitalization of $3.90 billion, a PE ratio of -32.60 and a beta of 0.74.
Freshworks (NASDAQ:FRSH – Get Free Report) last released its earnings results on Wednesday, May 1st. The company reported ($0.07) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.09) by $0.02. Freshworks had a negative net margin of 18.93% and a negative return on equity of 10.66%. The company had revenue of $165.14 million for the quarter, compared to the consensus estimate of $163.53 million. Sell-side analysts expect that Freshworks Inc. will post -0.34 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
Get Our Latest Stock Report on FRSH
Institutional Inflows and Outflows
Institutional investors have recently modified their holdings of the stock. Advisors Asset Management Inc. lifted its position in shares of Freshworks by 34.2% during the 1st quarter. Advisors Asset Management Inc. now owns 2,971 shares of the company’s stock valued at $54,000 after acquiring an additional 757 shares during the period. Neo Ivy Capital Management bought a new stake in Freshworks during the 3rd quarter valued at $81,000. EntryPoint Capital LLC bought a new stake in Freshworks during the 1st quarter valued at $82,000. Quest Partners LLC bought a new stake in Freshworks during the 4th quarter valued at $166,000. Finally, SG Americas Securities LLC bought a new stake in Freshworks during the 1st quarter valued at $179,000. Institutional investors and hedge funds own 75.58% of the company’s stock.
Freshworks Company 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.
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