Nordea Investment Management AB Buys New Position in Freshworks Inc. $FRSH

Nordea Investment Management AB purchased a new position in Freshworks Inc. (NASDAQ:FRSH) in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 426,395 shares of the company’s stock, valued at approximately $5,083,000. Nordea Investment Management AB owned 0.15% of Freshworks as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the company. Meeder Asset Management Inc. acquired a new position in shares of Freshworks during the third quarter worth $27,000. New York State Teachers Retirement System acquired a new stake in Freshworks during the 3rd quarter valued at $218,000. Bayforest Capital Ltd increased its stake in Freshworks by 17.4% during the 3rd quarter. Bayforest Capital Ltd now owns 50,706 shares of the company’s stock worth $597,000 after buying an additional 7,504 shares during the period. State of Alaska Department of Revenue purchased a new stake in Freshworks during the 3rd quarter worth $140,000. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al lifted its holdings in Freshworks by 43.6% in the 3rd quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 119,275 shares of the company’s stock worth $1,404,000 after buying an additional 36,200 shares in the last quarter. Institutional investors and hedge funds own 75.58% of the company’s stock.

Insider Activity at Freshworks

In related news, insider Tyler Sloat acquired 171,615 shares of the stock in a transaction that occurred on Tuesday, November 11th. The shares were acquired at an average price of $11.62 per share, for a total transaction of $1,994,166.30. Following the completion of the purchase, the insider directly owned 1,149,244 shares of the company’s stock, valued at $13,354,215.28. The trade was a 17.55% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Mika Yamamoto sold 15,012 shares of the firm’s stock in a transaction that occurred on Friday, December 5th. The shares were sold at an average price of $13.00, for a total transaction of $195,156.00. Following the transaction, the insider owned 490,350 shares in the company, valued at $6,374,550. This represents a 2.97% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 22,267 shares of company stock worth $282,301. 11.17% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

FRSH has been the subject of several recent analyst reports. Weiss Ratings restated a “sell (e+)” rating on shares of Freshworks in a research note on Wednesday, October 8th. Needham & Company LLC reissued a “buy” rating on shares of Freshworks in a report on Monday, December 15th. Wall Street Zen lowered Freshworks from a “strong-buy” rating to a “buy” rating in a research note on Saturday, December 20th. Wells Fargo & Company began coverage on Freshworks in a research report on Tuesday, September 30th. They issued an “equal weight” rating and a $13.00 target price on the stock. Finally, Canaccord Genuity Group reduced their target price on Freshworks from $23.00 to $19.00 and set a “buy” rating for the company in a research note on Thursday, November 6th. Seven investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $19.23.

Freshworks Trading Down 2.2%

Shares of NASDAQ FRSH opened at $11.09 on Friday. Freshworks Inc. has a 12-month low of $10.51 and a 12-month high of $19.77. The company has a market cap of $3.13 billion, a PE ratio of -110.89 and a beta of 0.89. The stock has a 50 day simple moving average of $12.16 and a 200-day simple moving average of $12.57.

Freshworks (NASDAQ:FRSH) last announced its earnings results on Wednesday, November 5th. The company reported $0.16 earnings per share for the quarter, beating the consensus estimate of $0.13 by $0.03. Freshworks had a negative return on equity of 0.37% and a negative net margin of 3.65%.The firm had revenue of $215.12 million for the quarter, compared to the consensus estimate of $208.80 million. During the same quarter in the previous year, the business earned $0.11 EPS. The firm’s revenue for the quarter was up 15.3% on a year-over-year basis. Freshworks has set its Q4 2025 guidance at 0.100-0.120 EPS. Sell-side analysts forecast that Freshworks Inc. will post -0.19 earnings per share for the current fiscal year.

About Freshworks

Freshworks, Inc is a global provider of cloud-based customer engagement software designed to help businesses streamline customer support, sales, marketing, and IT service operations. The company’s integrated suite of solutions enables organizations of all sizes to deliver seamless experiences across multiple channels, including email, chat, phone, and social media. Freshworks’ platform is built on modern, user-friendly interfaces and offers native automation, AI-powered insights, and analytics to improve efficiency and customer satisfaction.

The company’s flagship product, Freshdesk, serves as a helpdesk solution for customer support teams, while Freshservice addresses IT service management needs.