Freshworks (NASDAQ:FRSH) CAO Sells $96,665.40 in Stock

Freshworks Inc. (NASDAQ:FRSH) CAO Philippa Lawrence sold 10,530 shares of the business’s stock in a transaction that occurred on Wednesday, June 17th. The shares were sold at an average price of $9.18, for a total transaction of $96,665.40. Following the transaction, the chief accounting officer owned 465,823 shares of the company’s stock, valued at approximately $4,276,255.14. This represents a 2.21% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Freshworks Price Performance

Freshworks stock opened at $8.86 on Friday. The stock has a market cap of $2.45 billion, a PE ratio of 14.29 and a beta of 0.89. Freshworks Inc. has a 12-month low of $6.79 and a 12-month high of $15.47. The business’s 50-day moving average price is $8.89 and its two-hundred day moving average price is $9.62.

Freshworks (NASDAQ:FRSH) last announced its quarterly earnings results on Tuesday, May 5th. The company reported $0.11 earnings per share (EPS) for the quarter, meeting 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 analyst estimates of $223.63 million. During the same period in the previous year, the firm posted $0.18 EPS. The firm’s revenue 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. As a group, analysts expect that Freshworks Inc. will post -0.02 earnings per share for the current year.

Hedge Funds Weigh In On Freshworks

A number of large investors have recently modified their holdings of the company. Balyasny Asset Management L.P. purchased a new stake in shares of Freshworks during the 4th quarter valued at $31,967,000. Norges Bank bought a new position in Freshworks during the fourth quarter valued at $31,873,000. Renaissance Technologies LLC raised its stake in shares of Freshworks by 79.1% in the first quarter. Renaissance Technologies LLC now owns 4,576,000 shares of the company’s stock valued at $36,745,000 after buying an additional 2,021,412 shares during the period. Jupiter Asset Management Ltd. lifted its position in shares of Freshworks by 1,528.6% during the 4th quarter. Jupiter Asset Management Ltd. now owns 1,708,811 shares of the company’s stock valued at $20,933,000 after buying an additional 1,603,887 shares during the last quarter. Finally, Qube Research & Technologies Ltd grew its stake in shares of Freshworks by 132.6% during the 3rd quarter. Qube Research & Technologies Ltd now owns 2,790,166 shares of the company’s stock worth $32,840,000 after acquiring an additional 1,590,384 shares during the period. 75.58% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have weighed in on FRSH. Morgan Stanley reduced their target price on shares of Freshworks from $15.00 to $13.00 and set an “equal weight” rating on the stock in a report on Monday, May 11th. Citigroup restated a “market outperform” rating on shares of Freshworks in a research report on Tuesday, June 2nd. Oppenheimer cut Freshworks from an “outperform” rating to a “market perform” rating in a report on Thursday, March 19th. Jefferies Financial Group downgraded shares of Freshworks from a “buy” rating to a “hold” rating and decreased their target price for the company from $20.00 to $8.00 in a research report on Monday, February 23rd. Finally, Wall Street Zen lowered shares of Freshworks from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $12.18.

Freshworks Company 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.