( ) was the subject of a significant decrease in short interests during the month April. On April 30, there were 7,010,000 shorted shares. This is a 9.8% decrease from the total of 7,770,000 on April 15. The short-interest rate is currently 4.2 based on a trading volume average of 1,650,000 share. Short-selling is currently 5.2% of the stock.
Rathnagirish Mathrubootham, the CEO, sold 333 334 shares in a deal dated March 1, 2019. The stock was bought at an average of $14.65 for a total of $4,883,343.10. Rathnagirish Mathrubootham, the CEO, sold 333 334 shares in a deal dated March 1, 2013. The stock was bought at an average of $14.65 for a total of $4,883,343.10. On Wednesday, 10th May, 4,700 shares were sold in a single transaction. The shares were sold for an average price $13.74, resulting in a total of $64,578.00. After the sale, the Director now owns 18,189 of the Company's Stock, valued at about $249,916.86. Insiders sold 894 630 shares of stock worth $13,265,637 in the last quarter. Recently, hedge funds and institutional investors bought and sold shares in the company. Massachusetts Financial Services Co. MA has increased its holdings in Freshworks shares by 0.5% during the third quarter. Massachusetts Financial Services Co. MA owns 158.471 shares worth $2,055,000, after purchasing 858 additional shares. Teacher Retirement System of Texas has increased its holdings in Freshworks shares by 7.9% during the fourth quarter. Teacher Retirement System of Texas owns 14,805 of the company stock, valued at $218,000, after purchasing an additional 1,079 during the period. UBS Group AG increased their stake in Freshworks shares by 117.5% during the third quarter. UBS Group AG owns now 3,574 shares worth $46,000 of the company stock after purchasing an additional 1,931 during the period. Arizona State Retirement System increased their stake in Freshworks shares by 8.3% during the third quarter. Arizona State Retirement System owns 25,961 of the company stock, valued at $337,000. This is after purchasing an additional 1,994 share during the period. C M Bidwell & Associates Ltd. purchased a new position of shares in Freshworks during the first quarter, valued at approximately $35,000. Institutional investors and hedge fund own 46.36%.
Analyst Upgrades and downgrades
Several analysts have recently weighed-in on FRSH's shares. JPMorgan Chase & Co. raised their Freshworks target price from $16.00 up to $18.00 in a research report on Wednesday, 8th February. The company was also given an 'overweight rating'. Needham & Company LLC reiterated a buy' rating on Freshworks shares and set a price target of $25.00 in a report published on Wednesday, 8th February. In a report published on Friday, 17th March, TheStreet reduced Freshworks's rating from a "c-" to a "d". Morgan Stanley increased their price target on Freshworks to $17.00 in a research note on Wednesday, Feb. 8th. They also gave the stock a 'equal-weight' rating. FBN Securities began covering Freshworks on Thursday, April 20, in a report. The company was given an 'outperform rating' and a price target of $20.00. Eight analysts gave the stock a hold and eight others a buy rating. According to MarketBeat the stock has a current consensus rating of "Moderate Buy" and an average target price of $17.91.
Freshworks Stock Drops 2.3 %
During Tuesday's midday trading, the stock fell $0.34 to $14.40. The company's shares traded 1,073,246 times, as opposed to the average of 1,667.487. The company's 50-day moving average is $14.13, and its two-hundred-day moving average is $14.55. Freshworks's 1-year low is $10.51, and its 1-year high is $18.14. The market cap is $4.18 billion. It has a P/E ratio of -18.46, and a beta value of 0.75.
Freshworks Inc, formerly Freshdesk Inc, changed its name in June 2017 to Freshworks Inc. The company was founded in 2010 with its headquarters in San Mateo.
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