Fuller & Thaler Asset Management Inc. Buys New Holdings in Freshworks Inc. (NASDAQ:FRSH)

Fuller & Thaler Asset Management Inc. acquired a new position in shares of Freshworks Inc. (NASDAQ:FRSH - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm acquired 3,088,800 shares of the company's stock, valued at approximately $49,946,000. Fuller & Thaler Asset Management Inc. owned 1.02% of Freshworks as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Avion Wealth purchased a new position in Freshworks during the 4th quarter worth $26,000. Blue Trust Inc. boosted its position in Freshworks by 32.2% during the 4th quarter. Blue Trust Inc. now owns 3,918 shares of the company's stock valued at $63,000 after acquiring an additional 954 shares in the last quarter. National Bank of Canada FI boosted its position in Freshworks by 1,385.8% during the 4th quarter. National Bank of Canada FI now owns 3,967 shares of the company's stock valued at $64,000 after acquiring an additional 3,700 shares in the last quarter. Nisa Investment Advisors LLC boosted its position in Freshworks by 102.4% during the 4th quarter. Nisa Investment Advisors LLC now owns 4,393 shares of the company's stock valued at $71,000 after acquiring an additional 2,223 shares in the last quarter. Finally, Covestor Ltd boosted its position in Freshworks by 30.2% during the 4th quarter. Covestor Ltd now owns 4,686 shares of the company's stock valued at $76,000 after acquiring an additional 1,087 shares in the last quarter. 75.58% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, Director Johanna Flower sold 1,450 shares of Freshworks stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $18.01, for a total value of $26,114.50. Following the sale, the director now owns 41,491 shares of the company's stock, valued at $747,252.91. The trade was a 3.38 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Mika Yamamoto sold 3,574 shares of the business's stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $14.20, for a total transaction of $50,750.80. Following the sale, the insider now directly owns 611,604 shares in the company, valued at approximately $8,684,776.80. This represents a 0.58 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 29,177 shares of company stock worth $498,042 in the last ninety days. 19.15% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. StockNews.com raised Freshworks from a "hold" rating to a "buy" rating in a research report on Thursday, February 13th. Morgan Stanley dropped their target price on Freshworks from $21.00 to $14.00 and set an "equal weight" rating on the stock in a research report on Wednesday, April 16th. Jefferies Financial Group dropped their target price on Freshworks from $22.00 to $20.00 and set a "hold" rating on the stock in a research report on Monday, March 31st. Piper Sandler dropped their target price on Freshworks from $24.00 to $20.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 23rd. Finally, Scotiabank lowered their price objective on Freshworks from $19.00 to $14.00 and set a "sector perform" rating for the company in a research report on Thursday, April 24th. One analyst has rated the stock with a sell rating, five have given a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $19.64.

Freshworks Stock Up 1.2 %

Freshworks stock traded up $0.18 during mid-day trading on Tuesday, reaching $14.31. 1,755,225 shares of the company's stock were exchanged, compared to its average volume of 3,336,670. The company has a market cap of $4.31 billion, a P/E ratio of -44.63 and a beta of 0.98. Freshworks Inc. has a twelve month low of $10.81 and a twelve month high of $19.77. The company has a fifty day moving average of $14.58 and a 200-day moving average of $15.36.

Freshworks (NASDAQ:FRSH - Get Free Report) last released its earnings results on Tuesday, February 11th. The company reported ($0.02) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.08 by ($0.10). Freshworks had a negative return on equity of 6.63% and a negative net margin of 13.24%. Equities research analysts expect that Freshworks Inc. will post -0.19 earnings per share for the current fiscal year.

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.