Freshworks Inc. $FRSH Shares Sold by UBS Group AG

UBS Group AG trimmed its holdings in shares of Freshworks Inc. (NASDAQ:FRSH) by 46.5% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 300,326 shares of the company’s stock after selling 261,547 shares during the period. UBS Group AG owned approximately 0.11% of Freshworks worth $3,679,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of FRSH. Qube Research & Technologies Ltd increased its holdings in shares of Freshworks by 132.6% during the third 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 period. Squarepoint Ops LLC increased its holdings in shares of Freshworks by 345.1% during the second quarter. Squarepoint Ops LLC now owns 1,835,798 shares of the company’s stock valued at $27,372,000 after purchasing an additional 1,423,391 shares during the period. Voloridge Investment Management LLC acquired a new position in shares of Freshworks during the third quarter valued at $15,656,000. Marshall Wace LLP increased its holdings in shares of Freshworks by 5,760.5% during the third quarter. Marshall Wace LLP now owns 1,113,493 shares of the company’s stock valued at $13,106,000 after purchasing an additional 1,094,493 shares during the period. Finally, Gagnon Securities LLC increased its holdings in shares of Freshworks by 101.8% during the third quarter. Gagnon Securities LLC now owns 1,865,818 shares of the company’s stock valued at $21,961,000 after purchasing an additional 941,228 shares during the period. 75.58% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Freshworks news, insider Mika Yamamoto sold 32,577 shares of the firm’s stock in a transaction dated Wednesday, March 4th. The stock was sold at an average price of $8.45, for a total transaction of $275,275.65. Following the completion of the sale, the insider directly owned 1,127,723 shares in the company, valued at approximately $9,529,259.35. This trade represents a 2.81% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 8.54% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on FRSH shares. Weiss Ratings lowered Freshworks from a “sell (d+)” rating to a “sell (d)” rating in a report on Thursday, May 7th. Oppenheimer cut Freshworks from an “outperform” rating to a “market perform” rating in a research note on Thursday, March 19th. Wells Fargo & Company decreased their target price on Freshworks from $13.00 to $10.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 11th. Needham & Company LLC reaffirmed a “buy” rating and set a $15.00 target price on shares of Freshworks in a research note on Wednesday, February 11th. Finally, Wall Street Zen cut Freshworks from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. One equities 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 assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $12.18.

Freshworks Trading Up 0.1%

Shares of NASDAQ FRSH opened at $9.08 on Friday. Freshworks Inc. has a one year low of $6.79 and a one year high of $16.05. The firm has a market capitalization of $2.51 billion, a PE ratio of 14.65 and a beta of 0.83. The business has a 50-day moving average price of $8.37 and a two-hundred day moving average price of $9.94.

Freshworks (NASDAQ:FRSH) last announced its quarterly earnings data on Tuesday, May 5th. The company reported $0.11 EPS for the quarter, hitting analysts’ consensus estimates 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 analyst estimates of $223.64 million. During the same period last year, the company posted $0.18 EPS. The business’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. Research analysts anticipate that Freshworks Inc. will post -0.02 EPS for the current year.

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.