Insider Selling: Freshworks (NASDAQ:FRSH) CAO Sells $45,326.16 in Stock

Freshworks Inc. (NASDAQ:FRSH) CAO Philippa Lawrence sold 3,492 shares of the business’s stock in a transaction dated Monday, October 5th. The stock was sold at an average price of $12.98, for a total transaction of $45,326.16. Following the completion of the sale, the chief accounting officer directly owned 379,639 shares of the company’s stock, valued at $4,927,714.22. The trade was a 0.91% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 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, September 2nd, Philippa Lawrence sold 52,767 shares of Freshworks stock. The stock was sold at an average price of $13.25, for a total transaction of $699,162.75.

Freshworks Stock Performance

NASDAQ:FRSH opened at $13.60 on Thursday. The company has a market capitalization of $3.55 billion, a price-to-earnings ratio of 21.25, a price-to-earnings-growth ratio of 9.17 and a beta of 0.90. Freshworks Inc. has a one year low of $6.79 and a one year high of $14.37. The stock has a 50-day simple moving average of $12.61 and a 200 day simple moving average of $10.40.

Freshworks (NASDAQ:FRSH) last announced its quarterly earnings data on Tuesday, August 4th. The company reported $0.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.13 by $0.04. Freshworks had a return on equity of 5.52% and a net margin of 20.49%.The firm had revenue of $237.38 million for the quarter, compared to analysts’ expectations of $233.62 million. During the same quarter in the prior year, the firm posted $0.18 earnings per share. Freshworks’s revenue for the quarter was up 16.0% compared to the same quarter last year. Freshworks has set its FY 2026 guidance at 0.660-0.680 EPS and its Q3 2026 guidance at 0.180-0.180 EPS. On average, equities research analysts forecast that Freshworks Inc. will post 0.05 EPS for the current fiscal year.

Institutional Investors Weigh In On Freshworks

A number of hedge funds have recently added to or reduced their stakes in the stock. Wellington Management Group LLP grew its position in shares of Freshworks by 9.7% during the second quarter. Wellington Management Group LLP now owns 4,000,543 shares of the company’s stock worth $40,485,000 after acquiring an additional 353,714 shares during the last quarter. Renaissance Technologies LLC lifted its position in Freshworks by 79.1% in the 1st quarter. Renaissance Technologies LLC now owns 4,576,000 shares of the company’s stock valued at $36,745,000 after purchasing an additional 2,021,412 shares during the last quarter. Norges Bank acquired a new position in Freshworks during the 4th quarter valued at about $31,873,000. Bank of America Corp DE boosted its stake in Freshworks by 1.4% during the 1st quarter. Bank of America Corp DE now owns 2,128,268 shares of the company’s stock valued at $17,090,000 after purchasing an additional 30,395 shares during the period. Finally, Healthcare of Ontario Pension Plan Trust Fund grew its position in Freshworks by 403.4% in the 1st quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,444,124 shares of the company’s stock worth $11,596,000 after purchasing an additional 1,157,277 shares during the last quarter. 75.58% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

FRSH has been the topic of several research analyst reports. Robert W. Baird set a $13.00 price objective on Freshworks in a research note on Wednesday, August 5th. Wall Street Zen upgraded shares of Freshworks from a “hold” rating to a “buy” rating in a research note on Saturday, August 8th. Weiss Ratings raised shares of Freshworks from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday, September 29th. UBS Group lifted their price target on shares of Freshworks from $11.00 to $14.00 and gave the company a “buy” rating in a report on Wednesday, August 5th. Finally, Cantor Fitzgerald boosted their price objective on shares of Freshworks from $12.00 to $15.00 and gave the company an “overweight” rating in a research report on Wednesday, August 5th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $14.46.

Freshworks Company Profile

Freshworks Inc (NASDAQ:FRSH) develops cloud-based software designed to help businesses manage customer and employee experiences. Its products are intended for organizations of various sizes and emphasize ease of use, rapid deployment and integration with other business applications.

The company’s product portfolio includes Freshdesk for customer support and service management, Freshservice for IT service management, Freshsales for customer relationship management, Freshchat for messaging and conversational engagement, and Freshmarketer for marketing automation and optimization.