5 Stocks Insiders are Buying Now

4. Freshworks Inc. (NASDAQ:FRSH)

Number of Hedge Fund Holders: 27

Freshworks Inc. (NASDAQ:FRSH) is a leading global provider of cloud-based customer engagement and support solutions. On December 12, the company reported that director Sameer Gandhi acquired 590,000 common shares of Freshworks Inc. (NASDAQ:FRSH) at $14.85 per share for a total transaction amount of $8.76 million. Freshworks Inc. (NASDAQ:FRSH) is placed high among the stocks that insiders are buying right now.

On November 21, Credit Suisse analyst Rich Hilliker started coverage of Freshworks Inc. (NASDAQ:FRSH) with a Neutral rating and a $14 price target.

At the close of Q3 2022, 27 hedge funds were long Freshworks Inc. (NASDAQ:FRSH). These funds disclosed positions of $287.6 million, up from $177.4 million in the previous quarter with 25 positions. As of September 30, Tiger Global Management LLC is the dominant investor in the company and has a position worth 67.4 million.

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