Freshworks (NASDAQ:FRSH) Sees Unusually-High Trading Volume – Here’s Why

Shares of Freshworks Inc. (NASDAQ:FRSH) saw an uptick in trading volume on Wednesday . 31,211,912 shares were traded during mid-day trading, an increase of 238% from the previous session’s volume of 9,239,340 shares.The stock last traded at $9.4390 and had previously closed at $9.19.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on FRSH shares. Weiss Ratings downgraded shares of Freshworks from a “sell (d+)” rating to a “sell (d)” rating in a research note on Thursday, May 7th. Citigroup reiterated a “market outperform” rating on shares of Freshworks in a research note on Tuesday, June 2nd. Wall Street Zen lowered shares of Freshworks from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. Morgan Stanley dropped their price objective 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. Finally, Oppenheimer lowered shares of Freshworks from an “outperform” rating to a “market perform” rating in a research report on Thursday, March 19th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Freshworks currently has an average rating of “Hold” and a consensus price target of $12.18.

Freshworks Stock Up 1.9%

The firm has a market capitalization of $2.59 billion, a P/E ratio of 15.14 and a beta of 0.89. The business has a 50-day moving average price of $8.94 and a 200-day moving average price of $9.56.

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

Insider Activity at Freshworks

In other news, CAO Philippa Lawrence sold 10,530 shares of Freshworks stock in a transaction dated Wednesday, June 17th. The shares were sold at an average price of $9.18, for a total transaction of $96,665.40. Following the sale, the chief accounting officer directly owned 465,823 shares in the company, valued at approximately $4,276,255.14. The trade was a 2.21% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 8.54% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. IFP Advisors Inc grew its stake in shares of Freshworks by 954.9% in the 4th 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 bought a new position in shares of Freshworks during the 4th quarter worth approximately $26,000. Cullen Frost Bankers Inc. acquired a new stake in Freshworks in the 4th quarter valued at $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 valued at $39,000 after buying an additional 2,649 shares in the last quarter. Finally, Meeder Asset Management Inc. grew its position in Freshworks by 164.0% in the first quarter. Meeder Asset Management Inc. now owns 6,156 shares of the company’s stock valued at $49,000 after acquiring an additional 3,824 shares during the period. 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.