2 weeks Ago By ABMN Staff
Clearline Capital LP acquired a new position in shares of Freshworks Inc. ( NASDAQ:FRSH – Free Report ) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 72,149 shares of the company’s stock, valued at approximately $916,000.
Several other large investors also recently made changes to their positions in FRSH. CWM LLC raised its position in Freshworks by 554.5% during the second quarter.
CWM LLC now owns 3,397 shares of the company’s stock worth $43,000 after acquiring an additional 2,878 shares in the last quarter. Advisors Asset Management Inc. raised its holdings in shares of Freshworks by 34.
2% in the 1st quarter. Advisors Asset Management Inc. now owns 2,971 shares of the company’s stock valued at $54,000 after purchasing an additional 757 shares during the period.
International Assets Investment Management LLC acquired a new stake in Freshworks in the 2nd quarter valued at about $58,000. EntryPoint Capital LLC bought a new position in Freshworks during the first quarter worth about $82,000. Finally, Amalgamated Bank increased its position in Freshworks by 29.
1% during the second quarter. Amalgamated Bank now owns 7,054 shares of the company’s stock worth $90,000 after buying an additional 1,588 shares during the last quarter. Institutional investors and hedge funds own 75.
58% of the company’s stock. Freshworks Stock Up 3.6 % NASDAQ FRSH opened at $11.
44 on Friday. The firm has a 50-day moving average price of $11.72 and a two-hundred day moving average price of $13.
88. Freshworks Inc. has a 12-month low of $10.
89 and a 12-month high of $24.98. The company has a market capitalization of $3.
42 billion, a P/E ratio of -28.60 and a beta of 0.73.
Insider Transactions at Freshworks In related news, Director Jennifer H. Taylor sold 4,685 shares of the firm’s stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of $11.
17, for a total value of $52,331.45. Following the transaction, the director now owns 35,853 shares in the company, valued at $400,478.
01. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website . In other news, Director Barry L.
Padgett sold 5,546 shares of the company’s 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 completion of the sale, the director now owns 26,957 shares of the company’s stock, valued at approximately $344,240.89.
The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink . Also, Director Jennifer H. Taylor sold 4,685 shares of Freshworks stock in a transaction that occurred on Tuesday, September 10th.
The shares were sold at an average price of $11.17, for a total transaction of $52,331.45.
Following the completion of the transaction, the director now directly owns 35,853 shares in the company, valued at $400,478.01. The disclosure for this sale can be found here .
In the last three months, insiders have sold 44,344 shares of company stock valued at $517,094. 19.15% of the stock is owned by corporate insiders.
Wall Street Analysts Forecast Growth A number of analysts have recently issued reports on the company. Scotiabank cut their price objective on Freshworks from $18.00 to $16.
00 and set a “sector perform” rating for the company in a research report on Wednesday, July 31st. StockNews.com downgraded Freshworks from a “buy” rating to a “hold” rating in a report on Saturday, June 22nd.
JPMorgan Chase & Co. decreased their price objective on shares of Freshworks from $19.00 to $17.
00 and set an “overweight” rating on the stock in a report on Wednesday, July 31st. Cantor Fitzgerald cut their target price on shares of Freshworks from $19.00 to $18.
00 and set an “overweight” rating for the company in a research note on Wednesday, July 31st. Finally, Barclays decreased their price target on shares of Freshworks from $15.00 to $14.
00 and set an “equal weight” rating on the stock in a research note on Wednesday, July 31st. Six investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.
com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $18.69. Read Our Latest Stock Report on Freshworks Freshworks Company Profile ( Free Report ) 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. Read More Want to see what other hedge funds are holding FRSH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Freshworks Inc.
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