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 owned 62,673 shares of the company’s stock, valued at $654,306.12. The trade was a 9.55% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Freshworks Trading Down 0.7%

Shares of NASDAQ FRSH traded down $0.07 during mid-day trading on Thursday, reaching $10.34. The company had a trading volume of 26,375,457 shares, compared to its average volume of 10,638,896. The company has a 50-day moving average price of $9.13 and a two-hundred day moving average price of $9.43. The stock has a market cap of $2.86 billion, a PE ratio of 16.68 and a beta of 0.88. Freshworks Inc. has a 1-year low of $6.79 and a 1-year 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. Freshworks had a net margin of 20.69% and a return on equity of 4.27%. The company had revenue of $228.63 million during the quarter, compared to analyst estimates of $223.63 million. During the same period in the prior year, the firm earned $0.18 earnings per share. The business’s quarterly 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. On average, research analysts expect that Freshworks Inc. will post -0.02 EPS for the current year.

Hedge Funds Weigh In On Freshworks

Several institutional investors and hedge funds have recently modified their holdings of FRSH. Amundi increased its holdings in shares of Freshworks by 1.3% during the 1st quarter. Amundi now owns 80,074 shares of the company’s stock valued at $1,049,000 after acquiring an additional 1,040 shares during the last quarter. Inceptionr LLC raised its position in shares of Freshworks by 3.6% in the third quarter. Inceptionr LLC now owns 33,583 shares of the company’s stock valued at $395,000 after purchasing an additional 1,174 shares during the period. Moody National Bank Trust Division lifted its stake in shares of Freshworks by 4.1% in the fourth quarter. Moody National Bank Trust Division now owns 46,695 shares of the company’s stock worth $572,000 after buying an additional 1,823 shares during the last quarter. IFP Advisors Inc boosted its holdings in shares of Freshworks by 954.9% during the 4th quarter. IFP Advisors Inc now owns 2,152 shares of the company’s stock worth $26,000 after buying an additional 1,948 shares during the period. Finally, Focus Partners Wealth boosted its holdings in shares of Freshworks by 20.2% during the 1st quarter. Focus Partners Wealth now owns 12,399 shares of the company’s stock worth $175,000 after buying an additional 2,086 shares during the period. 75.58% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have weighed in on FRSH shares. Zacks Research upgraded shares of Freshworks from a “hold” rating to a “strong-buy” rating in a research report on Thursday, May 7th. Citigroup restated a “market outperform” rating on shares of Freshworks in a report on Tuesday, June 2nd. Oppenheimer cut Freshworks from an “outperform” rating to a “market perform” rating in a research report on Thursday, March 19th. Morgan Stanley dropped their price target 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. Finally, Wall Street Zen lowered Freshworks from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. 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 given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average 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.