826,600 Shares in Freshworks Inc. (NASDAQ:FRSH) Bought by Oberweis Asset Management Inc.

Oberweis Asset Management Inc. purchased a new position in Freshworks Inc. (NASDAQ:FRSH - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 826,600 shares of the company's stock, valued at approximately $13,366,000. Oberweis Asset Management Inc. owned approximately 0.27% of Freshworks as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also modified their holdings of FRSH. Vanguard Group Inc. boosted its stake in Freshworks by 5.7% in the 4th quarter. Vanguard Group Inc. now owns 25,063,879 shares of the company's stock worth $405,283,000 after purchasing an additional 1,357,526 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Freshworks by 49.8% in the third quarter. JPMorgan Chase & Co. now owns 5,270,338 shares of the company's stock valued at $60,503,000 after purchasing an additional 1,752,995 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Freshworks by 1.7% during the fourth quarter. Geode Capital Management LLC now owns 4,673,600 shares of the company's stock worth $75,588,000 after purchasing an additional 79,388 shares during the period. Franklin Resources Inc. boosted its position in Freshworks by 18.1% in the third quarter. Franklin Resources Inc. now owns 3,945,001 shares of the company's stock valued at $44,934,000 after buying an additional 604,658 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership purchased a new position in Freshworks during the 4th quarter worth approximately $61,530,000. Hedge funds and other institutional investors own 75.58% of the company's stock.

Freshworks Stock Performance

Shares of Freshworks stock traded up $0.15 on Tuesday, reaching $14.28. The company had a trading volume of 2,397,832 shares, compared to its average volume of 3,339,071. Freshworks Inc. has a 52-week low of $10.81 and a 52-week high of $19.77. The firm's 50 day moving average price is $14.58 and its two-hundred day moving average price is $15.36. The firm has a market cap of $4.30 billion, a PE ratio of -44.61 and a beta of 0.98.

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

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on FRSH shares. Cantor Fitzgerald increased their price objective on shares of Freshworks from $18.00 to $22.00 and gave the stock an "overweight" rating in a research note on Wednesday, February 12th. Oppenheimer cut their price objective on Freshworks from $24.00 to $19.00 and set an "outperform" rating for the company in a research report on Wednesday, April 9th. Scotiabank reduced their price objective on shares of Freshworks from $19.00 to $14.00 and set a "sector perform" rating for the company in a research report on Thursday, April 24th. Morgan Stanley decreased 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. 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 report on Monday, March 31st. One analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $19.64.

Insider Buying and Selling at Freshworks

In other Freshworks news, Director Zachary Nelson sold 8,442 shares of the firm's stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $18.30, for a total transaction of $154,488.60. Following the sale, the director now owns 24,187 shares of the company's stock, valued at approximately $442,622.10. This trade represents a 25.87 % decrease in their ownership of the stock. The transaction 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 the business's stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $14.20, for a total value of $50,750.80. Following the completion of the sale, the insider now directly owns 611,604 shares of the company's stock, valued at $8,684,776.80. The trade was a 0.58 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 29,177 shares of company stock valued at $498,042 in the last quarter. Corporate 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.