Philippa Lawrence Sells 3,470 Shares of Freshworks (NASDAQ:FRSH) Stock

Freshworks Inc. (NASDAQ:FRSH) CAO Philippa Lawrence sold 3,470 shares of the company’s stock in a transaction dated Monday, July 6th. The stock was sold at an average price of $10.13, for a total value of $35,151.10. Following the completion of the transaction, the chief accounting officer directly owned 456,144 shares of the company’s stock, valued at approximately $4,620,738.72. The trade was a 0.75% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Philippa Lawrence also recently made the following trade(s):

• On Wednesday, June 17th, Philippa Lawrence sold 10,530 shares of Freshworks stock. The stock was sold at an average price of $9.18, for a total value of $96,665.40.

Freshworks Price Performance

FRSH opened at $10.17 on Tuesday. Freshworks Inc. has a fifty-two week low of $6.79 and a fifty-two week high of $15.47. The firm has a market capitalization of $2.81 billion, a price-to-earnings ratio of 79.54 and a beta of 0.88. The company’s 50 day moving average price is $9.23 and its two-hundred day moving average price is $9.38.

Freshworks (NASDAQ:FRSH) last issued its quarterly earnings results on Tuesday, May 5th. The company reported $0.11 EPS for the quarter, hitting analysts’ consensus estimates of $0.11. The company had revenue of $228.63 million for the quarter, compared to analyst estimates of $223.63 million. Freshworks had a net margin of 20.69% and a return on equity of 4.27%. Freshworks’s revenue was up 16.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.18 earnings per share. 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 predict that Freshworks Inc. will post -0.02 EPS for the current year.

Analysts Set New Price Targets

Several analysts recently commented on FRSH shares. Oppenheimer cut Freshworks from an “outperform” rating to a “market perform” rating in a report on Thursday, March 19th. 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 downgraded shares of Freshworks from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Weiss Ratings downgraded Freshworks from a “sell (d+)” rating to a “sell (d)” rating in a report on Thursday, May 7th. Finally, Morgan Stanley cut their target price 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. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $12.18.

Institutional Investors Weigh In On Freshworks

Institutional investors have recently added to or reduced their stakes in the company. Balyasny Asset Management L.P. purchased a new stake in Freshworks in the 4th quarter valued at about $31,967,000. Norges Bank purchased a new stake in shares of Freshworks during the fourth quarter valued at approximately $31,873,000. Renaissance Technologies LLC lifted its holdings in Freshworks by 79.1% during the first quarter. Renaissance Technologies LLC now owns 4,576,000 shares of the company’s stock worth $36,745,000 after acquiring an additional 2,021,412 shares during the period. Jupiter Asset Management Ltd. boosted its position in Freshworks by 1,528.6% in the fourth quarter. Jupiter Asset Management Ltd. now owns 1,708,811 shares of the company’s stock worth $20,933,000 after purchasing an additional 1,603,887 shares during the last quarter. Finally, Qube Research & Technologies Ltd increased its position 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 valued at $32,840,000 after purchasing an additional 1,590,384 shares during the last quarter. 75.58% of the stock is owned by institutional investors.

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.