Freshworks Inc. (NASDAQ:FRSH) Holdings Raised by Deutsche Bank AG

Deutsche Bank AG boosted its holdings in Freshworks Inc. (NASDAQ:FRSH - Free Report) by 15.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 513,810 shares of the company's stock after buying an additional 70,001 shares during the period. Deutsche Bank AG owned 0.17% of Freshworks worth $8,308,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Avion Wealth purchased a new position in Freshworks during the fourth quarter worth approximately $26,000. Blue Trust Inc. raised its holdings in Freshworks by 32.2% in the fourth quarter. Blue Trust Inc. now owns 3,918 shares of the company's stock valued at $63,000 after buying an additional 954 shares during the period. National Bank of Canada FI raised its holdings in Freshworks by 1,385.8% in the fourth quarter. National Bank of Canada FI now owns 3,967 shares of the company's stock valued at $64,000 after buying an additional 3,700 shares during the period. Nisa Investment Advisors LLC lifted its position in Freshworks by 102.4% during the fourth quarter. Nisa Investment Advisors LLC now owns 4,393 shares of the company's stock valued at $71,000 after buying an additional 2,223 shares in the last quarter. Finally, Covestor Ltd grew its stake in Freshworks by 30.2% during the fourth quarter. Covestor Ltd now owns 4,686 shares of the company's stock worth $76,000 after buying an additional 1,087 shares during the period. Hedge funds and other institutional investors own 75.58% of the company's stock.

Freshworks Stock Down 4.1%

Shares of FRSH traded down $0.64 during mid-day trading on Monday, hitting $14.85. The stock had a trading volume of 3,471,440 shares, compared to its average volume of 3,281,502. The company has a market cap of $4.38 billion, a PE ratio of -46.41 and a beta of 0.97. Freshworks Inc. has a fifty-two week low of $10.81 and a fifty-two week high of $19.77. The company's fifty day simple moving average is $14.12 and its two-hundred day simple moving average is $15.72.

Freshworks (NASDAQ:FRSH - Get Free Report) last released its earnings results on Tuesday, April 29th. The company reported $0.18 earnings per share for the quarter, beating the consensus estimate of $0.13 by $0.05. Freshworks had a negative net margin of 13.24% and a negative return on equity of 6.63%. The firm had revenue of $196.27 million during the quarter, compared to analyst estimates of $191.90 million. During the same quarter in the previous year, the firm earned $0.10 earnings per share. The firm's revenue for the quarter was up 18.9% compared to the same quarter last year. Equities analysts expect that Freshworks Inc. will post -0.19 earnings per share for the current year.

Analyst Upgrades and Downgrades

FRSH has been the subject of a number of research reports. Scotiabank upped their price target on shares of Freshworks from $14.00 to $18.00 and gave the stock a "sector perform" rating in a research report on Wednesday, April 30th. Jefferies Financial Group lowered their target price on Freshworks from $22.00 to $20.00 and set a "hold" rating for the company in a research note on Monday, March 31st. UBS Group reduced their price target on Freshworks from $22.00 to $19.00 and set a "buy" rating on the stock in a research report on Friday, May 2nd. StockNews.com raised shares of Freshworks from a "hold" rating to a "buy" rating in a research report on Thursday, February 13th. Finally, JMP Securities reissued a "market outperform" rating and set a $27.00 target price on shares of Freshworks in a research report on Wednesday, April 30th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and nine have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $20.21.

Insider Buying and Selling at Freshworks

In other Freshworks news, Director Johanna Flower sold 1,450 shares of the firm's stock in a transaction that occurred on 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 in the company, valued at approximately $747,252.91. This trade represents a 3.38% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Mika Yamamoto sold 3,574 shares of Freshworks stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $14.20, for a total value 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 trade represents a 0.58% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 40,871 shares of company stock worth $629,278 over the last ninety days. Company insiders own 19.15% 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.