Xponance Inc. Has $240,000 Holdings in Freshworks Inc. (NASDAQ:FRSH)

Xponance Inc. lifted its stake in Freshworks Inc. (NASDAQ:FRSH) by 10.2% during the 4th quarter, HoldingsChannel reports. The fund owned 14,847 shares of the company’s stock after buying an additional 1,369 shares during the period. Xponance Inc.’s holdings in Freshworks were worth $240,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Avion Wealth bought a new stake in Freshworks in the 4th quarter valued at $26,000. Point72 Hong Kong Ltd acquired a new position in shares of Freshworks during the third quarter valued at about $57,000. Blue Trust Inc. lifted its stake in shares of 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. Nisa Investment Advisors LLC grew 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 worth $71,000 after buying an additional 2,223 shares in the last quarter. Finally, KBC Group NV grew its position in Freshworks by 59.1% during the fourth quarter. KBC Group NV now owns 7,604 shares of the company’s stock worth $123,000 after buying an additional 2,824 shares in the last quarter. Institutional investors own 75.58% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have commented on FRSH. Canaccord Genuity Group raised their price objective on Freshworks from $19.00 to $23.00 and gave the stock a “buy” rating in a research report on Wednesday, February 12th. Robert W. Baird set a $18.00 target price on Freshworks in a research report on Wednesday, February 12th. JMP Securities set a $27.00 price target on shares of Freshworks in a report on Wednesday, February 12th. Barclays raised their price objective on shares of Freshworks from $14.00 to $20.00 and gave the stock an “equal weight” rating in a report on Wednesday, February 12th. Finally, Wells Fargo & Company lowered shares of Freshworks from an “equal weight” rating to an “underweight” rating and decreased their target price for the company from $16.00 to $13.00 in a research report on Tuesday, January 21st. One analyst has rated the stock with a sell rating, four have given a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $21.14.

Insider Activity at Freshworks

In other Freshworks news, Director Zachary Nelson sold 8,433 shares of Freshworks stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $16.72, for a total transaction of $140,999.76. Following the completion of the sale, the director now owns 24,187 shares of the company’s stock, valued at approximately $404,406.64. The trade was a 25.85 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Mika Yamamoto sold 2,859 shares of the company’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $15.84, for a total transaction of $45,286.56. Following the sale, the insider now owns 400,249 shares of the company’s stock, valued at $6,339,944.16. The trade was a 0.71 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 62,200 shares of company stock worth $1,073,021 over the last 90 days. Insiders own 19.15% of the company’s stock.

Freshworks Trading Down 4.2 %

Shares of NASDAQ FRSH opened at $14.53 on Friday. Freshworks Inc. has a 1-year low of $10.81 and a 1-year high of $19.77. The company has a 50-day moving average of $16.92 and a two-hundred day moving average of $15.05. The company has a market cap of $4.38 billion, a PE ratio of -45.41 and a beta of 0.92.

Freshworks (NASDAQ:FRSH) last posted its quarterly earnings data on Tuesday, February 11th. The company reported ($0.02) earnings per share (EPS) 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, equities research analysts forecast that Freshworks Inc. will post -0.19 earnings per share for the current year.

Freshworks 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.