Freshworks (NASDAQ:FRSH) Director Sells $69,091.92 in Stock

Freshworks Inc. (NASDAQ:FRSH) Director Jennifer Taylor sold 6,618 shares of the firm’s stock in a transaction that occurred on Thursday, July 2nd. The stock was sold at an average price of $10.44, for a total transaction of $69,091.92. Following the sale, the director directly owned 62,673 shares of the company’s stock, valued at $654,306.12. The trade was a 9.55% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Freshworks Stock Performance

Shares of NASDAQ:FRSH opened at $10.34 on Friday. The firm has a market cap of $2.86 billion, a PE ratio of 16.68 and a beta of 0.88. The company has a fifty day simple moving average of $9.19 and a 200 day simple moving average of $9.41. Freshworks Inc. has a 12-month low of $6.79 and a 12-month high of $15.47.

Freshworks (NASDAQ:FRSH) last posted its quarterly earnings data on Tuesday, May 5th. The company reported $0.11 EPS for the quarter, meeting analysts’ consensus estimates of $0.11. The firm had revenue of $228.63 million for the quarter, compared to the consensus estimate of $223.63 million. Freshworks had a net margin of 20.69% and a return on equity of 4.27%. The firm’s 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. As a group, equities research analysts forecast that Freshworks Inc. will post -0.02 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. Citigroup reiterated a “market outperform” rating on shares of Freshworks in a research note on Tuesday, June 2nd. Wall Street Zen cut Freshworks from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Oppenheimer downgraded Freshworks from an “outperform” rating to a “market perform” rating in a report on Thursday, March 19th. Zacks Research upgraded Freshworks from a “hold” rating to a “strong-buy” rating in a research report on Thursday, May 7th. Finally, Weiss Ratings downgraded shares of Freshworks from a “sell (d+)” rating to a “sell (d)” rating in a research report on Thursday, May 7th. One 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. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $12.18.

Hedge Funds Weigh In On Freshworks

Several large investors have recently bought and sold shares of the stock. Clark Capital Management Group Inc. grew its holdings in Freshworks by 82.3% during the third quarter. Clark Capital Management Group Inc. now owns 746,671 shares of the company’s stock worth $8,788,000 after acquiring an additional 337,138 shares during the period. Newlands Management Operations LLC purchased a new stake in Freshworks in the 3rd quarter worth about $5,410,000. Tudor Investment Corp ET AL purchased a new stake in shares of Freshworks in the third quarter worth approximately $1,984,000. Topline Capital Management LLC boosted its stake in shares of Freshworks by 43.0% during the 3rd quarter. Topline Capital Management LLC now owns 2,765,000 shares of the company’s stock valued at $32,544,000 after buying an additional 831,787 shares during the period. Finally, Quantbot Technologies LP boosted its position in Freshworks by 166.3% during 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 last quarter. Institutional investors and hedge funds own 75.58% of the company’s stock.

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.