In today’s briefing:
- Sequoia Capital India Acquired ~$87 Million Worth Of Freshworks Shares In March
- KOSDAQ150 Rebalance in June 2022 Amid Ongoing War in Ukraine
Sequoia Capital India Acquired ~$87 Million Worth Of Freshworks Shares In March
- Sequoia Capital India, one of the key shareholders of Freshworks (FRSH US) , made notable insider purchases in March. This is the biggest insider buying since IPO in 2021.
- According to SEC filings, venture capital firm acquired ~5 million Freshworks (FRSH US) shares at an average price of $17.38 per share.
- We believe that strong insider buying may indicate a bottom in Freshworks (FRSH US) stock after significant multiple compression in the technology software sector.
KOSDAQ150 Rebalance in June 2022 Amid Ongoing War in Ukraine
- We discuss the potential additions and deletions in the upcoming June 2022 KOSDAQ150 rebalance. The ongoing war in Ukraine has impacted the potential additions/deletion candidates in KOSDAQ150.
- The recent new additions (among potential inclusions) include Nexon GT Co Ltd (041140 KS) and Netgames (225570 KS), and SNK Corp (950180 KS).
- The top 10 potential exclusions are down on average 25.7% YTD, underperforming KOSDAQ which is down 9.6% in the same period.
Before it’s here, it’s on Smartkarma
