Insider Selling: Freshworks (NASDAQ:FRSH) Director Sells $69,422.82 in Stock

Freshworks Inc. (NASDAQ:FRSH) Director Barry Padgett sold 6,618 shares of Freshworks stock in a transaction dated Wednesday, July 1st. The stock was sold at an average price of $10.49, for a total transaction of $69,422.82. Following the transaction, the director owned 47,270 shares of the company’s stock, valued at approximately $495,862.30. The trade was a 12.28% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Freshworks Price Performance

FRSH stock opened at $10.34 on Friday. The company’s 50 day simple moving average is $9.19 and its 200-day simple moving average is $9.41. The firm has a market capitalization of $2.86 billion, a PE ratio of 16.68 and a beta of 0.88. Freshworks Inc. has a 12 month low of $6.79 and a 12 month high of $15.47.

Freshworks (NASDAQ:FRSH) last issued its quarterly earnings data on Tuesday, May 5th. The company reported $0.11 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.11. Freshworks had a net margin of 20.69% and a return on equity of 4.27%. The business had revenue of $228.63 million during the quarter, compared to analysts’ expectations of $223.63 million. During the same period last year, the company posted $0.18 EPS. The company’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, sell-side analysts anticipate that Freshworks Inc. will post -0.02 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on FRSH shares. Wall Street Zen cut Freshworks from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Morgan Stanley dropped their price objective on 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 raised shares of Freshworks from a “hold” rating to a “strong-buy” rating in a research note on Thursday, May 7th. Oppenheimer lowered shares of Freshworks from an “outperform” rating to a “market perform” rating in a report on Thursday, March 19th. Finally, Weiss Ratings cut shares of Freshworks from a “sell (d+)” rating to a “sell (d)” rating in a research note on Thursday, May 7th. One 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 issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Freshworks presently has a consensus rating of “Hold” and a consensus price target of $12.18.

Institutional Investors Weigh In On Freshworks

Several hedge funds have recently made changes to their positions in the business. IFP Advisors Inc grew its position in shares of Freshworks by 954.9% in the fourth quarter. IFP Advisors Inc now owns 2,152 shares of the company’s stock valued at $26,000 after purchasing an additional 1,948 shares during the period. Summit Securities Group LLC purchased a new position in Freshworks during the fourth quarter worth about $26,000. Cullen Frost Bankers Inc. acquired a new stake in Freshworks in the 4th quarter worth about $36,000. Allworth Financial LP boosted its stake in Freshworks by 479.9% in the 4th quarter. Allworth Financial LP now owns 3,201 shares of the company’s stock worth $39,000 after buying an additional 2,649 shares during the last quarter. Finally, Meeder Asset Management Inc. grew its holdings in Freshworks by 164.0% in the 1st quarter. Meeder Asset Management Inc. now owns 6,156 shares of the company’s stock valued at $49,000 after buying an additional 3,824 shares during the period. Institutional investors and hedge funds own 75.58% of the company’s stock.

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.