Dimensional Fund Advisors LP Sells 24,946 Shares of Freshworks Inc. (NASDAQ:FRSH)

Dimensional Fund Advisors LP decreased its position in shares of Freshworks Inc. (NASDAQ:FRSH - Free Report) by 1.1% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 2,247,217 shares of the company's stock after selling 24,946 shares during the quarter. Dimensional Fund Advisors LP owned approximately 0.74% of Freshworks worth $36,336,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in FRSH. Blue Trust Inc. lifted its stake in Freshworks by 32.2% in the 4th quarter. Blue Trust Inc. now owns 3,918 shares of the company's stock worth $63,000 after purchasing an additional 954 shares in the last quarter. Versor Investments LP raised its position in shares of Freshworks by 3.0% in the fourth quarter. Versor Investments LP now owns 34,400 shares of the company's stock worth $556,000 after buying an additional 1,000 shares in the last quarter. Covestor Ltd boosted its stake in Freshworks by 30.2% during the fourth quarter. Covestor Ltd now owns 4,686 shares of the company's stock valued at $76,000 after buying an additional 1,087 shares during the period. Arizona State Retirement System grew its position in Freshworks by 2.2% during the fourth quarter. Arizona State Retirement System now owns 51,704 shares of the company's stock worth $836,000 after buying an additional 1,103 shares in the last quarter. Finally, Xponance Inc. increased its stake in Freshworks by 10.2% in the 4th quarter. Xponance Inc. now owns 14,847 shares of the company's stock worth $240,000 after acquiring an additional 1,369 shares during the last quarter. Hedge funds and other institutional investors own 75.58% of the company's stock.

Insider Transactions at Freshworks

In other news, Director Zachary Nelson sold 8,433 shares of the business's stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $16.72, for a total transaction of $140,999.76. Following the transaction, the director now directly owns 24,187 shares of the company's stock, valued at approximately $404,406.64. The trade was a 25.85 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Mika Yamamoto sold 3,574 shares of the firm's stock in a transaction on Monday, May 5th. The stock was sold at an average price of $14.66, for a total value of $52,394.84. Following the completion of the sale, the insider now directly owns 608,030 shares of the company's stock, valued at $8,913,719.80. The trade was a 0.58 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 30,663 shares of company stock worth $478,660. Company insiders own 19.15% of the company's stock.

Freshworks Trading Down 0.4 %

FRSH stock traded down $0.06 during midday trading on Wednesday, hitting $14.22. The company had a trading volume of 2,374,217 shares, compared to its average volume of 3,277,836. The stock has a market cap of $4.29 billion, a price-to-earnings ratio of -44.44 and a beta of 0.97. Freshworks Inc. has a 52 week low of $10.81 and a 52 week high of $19.77. The stock's 50 day moving average price is $14.19 and its 200 day moving average price is $15.46.

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

Analyst Ratings Changes

Several research analysts have recently commented on FRSH shares. JMP Securities reissued a "market outperform" rating and set a $27.00 price objective on shares of Freshworks in a report on Wednesday, April 30th. Robert W. Baird set a $18.00 price target on shares of Freshworks in a report on Wednesday, February 12th. Cantor Fitzgerald lifted their price objective on shares of Freshworks from $18.00 to $22.00 and gave the stock an "overweight" rating in a report on Wednesday, February 12th. StockNews.com raised Freshworks from a "hold" rating to a "buy" rating in a research note on Thursday, February 13th. Finally, Jefferies Financial Group dropped their price target on Freshworks from $22.00 to $20.00 and set a "hold" rating for the company in a research note on Monday, March 31st. One analyst has rated the stock with a sell rating, five have issued a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $20.21.

About Freshworks

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.