Freshworks Inc. $FRSH is Gagnon Advisors LLC’s 10th Largest Position

Gagnon Advisors LLC lessened its stake in shares of Freshworks Inc. (NASDAQ:FRSH) by 50.0% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 564,879 shares of the company’s stock after selling 564,879 shares during the period. Freshworks comprises about 4.4% of Gagnon Advisors LLC’s holdings, making the stock its 10th biggest position. Gagnon Advisors LLC owned about 0.20% of Freshworks worth $6,920,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in FRSH. Royal Bank of Canada boosted its position in Freshworks by 120.8% during the first quarter. Royal Bank of Canada now owns 21,388 shares of the company’s stock worth $302,000 after purchasing an additional 11,703 shares during the period. Amundi boosted its position in Freshworks by 1.3% during the first quarter. Amundi now owns 80,074 shares of the company’s stock worth $1,049,000 after purchasing an additional 1,040 shares during the period. Goldman Sachs Group Inc. boosted its position in Freshworks by 35.1% during the first quarter. Goldman Sachs Group Inc. now owns 2,225,056 shares of the company’s stock worth $31,396,000 after purchasing an additional 578,628 shares during the period. Woodline Partners LP boosted its position in Freshworks by 13.5% during the first quarter. Woodline Partners LP now owns 21,569 shares of the company’s stock worth $304,000 after purchasing an additional 2,571 shares during the period. Finally, Focus Partners Wealth boosted its position in Freshworks by 20.2% during the first quarter. Focus Partners Wealth now owns 12,399 shares of the company’s stock worth $175,000 after purchasing an additional 2,086 shares during the period. Institutional investors own 75.58% of the company’s stock.

Freshworks Stock Performance

FRSH stock opened at $9.44 on Friday. The company has a market capitalization of $2.61 billion, a PE ratio of 15.23 and a beta of 0.89. Freshworks Inc. has a one year low of $6.79 and a one year high of $15.54. The company’s 50 day moving average price is $8.80 and its two-hundred day moving average price is $9.73.

Freshworks (NASDAQ:FRSH) last issued its earnings results on Tuesday, May 5th. The company reported $0.11 EPS for the quarter, hitting the consensus estimate of $0.11. Freshworks had a net margin of 20.69% and a return on equity of 4.27%. The company had revenue of $228.63 million for the quarter, compared to the consensus estimate of $223.64 million. During the same period in the previous year, the firm earned $0.18 earnings per share. The firm’s revenue for the quarter was up 16.5% on a year-over-year basis. Freshworks has set its FY 2026 guidance at 0.610-0.630 EPS and its Q2 2026 guidance at 0.130-0.130 EPS. On average, research analysts predict that Freshworks Inc. will post -0.02 EPS for the current year.

Analysts Set New Price Targets

FRSH has been the subject of a number of research reports. Weiss Ratings lowered shares of Freshworks from a “sell (d+)” rating to a “sell (d)” rating in a research report on Thursday, May 7th. Morgan Stanley cut their target price on shares of Freshworks from $15.00 to $13.00 and set an “equal weight” rating for the company in a research report on Monday, May 11th. Zacks Research upgraded shares of Freshworks from a “hold” rating to a “strong-buy” rating in a research report on Thursday, May 7th. Wall Street Zen lowered shares of Freshworks from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. Finally, Jefferies Financial Group lowered shares of Freshworks from a “buy” rating to a “hold” rating and cut their price objective for the company from $20.00 to $8.00 in a research report on Monday, February 23rd. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $12.18.

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.