Freshworks Inc. $FRSH Shares Sold by Gagnon Securities LLC

Gagnon Securities LLC reduced its position in Freshworks Inc. (NASDAQ:FRSH) by 34.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,230,011 shares of the company’s stock after selling 635,807 shares during the quarter. Freshworks makes up approximately 3.1% of Gagnon Securities LLC’s portfolio, making the stock its 11th biggest position. Gagnon Securities LLC owned 0.44% of Freshworks worth $15,068,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of FRSH. Clark Capital Management Group Inc. lifted its holdings in Freshworks by 82.3% during the 3rd quarter. Clark Capital Management Group Inc. now owns 746,671 shares of the company’s stock worth $8,788,000 after buying an additional 337,138 shares in the last quarter. Tudor Investment Corp ET AL acquired a new stake in Freshworks during the 3rd quarter worth approximately $1,984,000. Newlands Management Operations LLC acquired a new stake in Freshworks during the 3rd quarter worth approximately $5,410,000. Topline Capital Management LLC boosted its holdings in Freshworks by 43.0% in the third quarter. Topline Capital Management LLC now owns 2,765,000 shares of the company’s stock valued at $32,544,000 after purchasing an additional 831,787 shares during the period. Finally, Quantbot Technologies LP boosted its holdings in Freshworks by 166.3% in the third quarter. Quantbot Technologies LP now owns 222,291 shares of the company’s stock valued at $2,616,000 after purchasing an additional 138,802 shares during the period. 75.58% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

FRSH has been the subject of a number of recent research reports. Zacks Research upgraded Freshworks from a “hold” rating to a “strong-buy” rating in a report on Thursday, May 7th. Morgan Stanley reduced their price target on Freshworks from $15.00 to $13.00 and set an “equal weight” rating on the stock in a research report on Monday, May 11th. Weiss Ratings lowered Freshworks from a “sell (d+)” rating to a “sell (d)” rating in a research report on Thursday, May 7th. Oppenheimer lowered Freshworks from an “outperform” rating to a “market perform” rating in a research report on Thursday, March 19th. Finally, Wall Street Zen lowered Freshworks from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Freshworks currently has an average rating of “Hold” and a consensus target price of $12.18.

Freshworks Stock Performance

NASDAQ:FRSH opened at $9.44 on Friday. The stock has a 50-day simple moving average of $8.80 and a 200-day simple moving average of $9.73. The stock has a market cap of $2.61 billion, a P/E ratio of 15.23 and a beta of 0.89. Freshworks Inc. has a 1 year low of $6.79 and a 1 year high of $15.54.

Freshworks (NASDAQ:FRSH) last released its quarterly earnings data on Tuesday, May 5th. The company reported $0.11 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.11. The business had revenue of $228.63 million during the quarter, compared to analysts’ expectations of $223.64 million. Freshworks had a return on equity of 4.27% and a net margin of 20.69%.The business’s quarterly revenue was up 16.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.18 EPS. 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, equities research analysts predict that Freshworks Inc. will post -0.02 EPS for the current year.

Freshworks Profile

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.