Norges Bank Takes Position in Freshworks Inc. $FRSH

Norges Bank bought a new stake in shares of Freshworks Inc. (NASDAQ:FRSH) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 2,601,917 shares of the company’s stock, valued at approximately $31,873,000.

A number of other large investors also recently added to or reduced their stakes in FRSH. IFP Advisors Inc lifted its stake in Freshworks by 954.9% in the fourth quarter. IFP Advisors Inc now owns 2,152 shares of the company’s stock valued at $26,000 after buying an additional 1,948 shares during the period. Rothschild Investment LLC lifted its stake in Freshworks by 560.0% in the third quarter. Rothschild Investment LLC now owns 2,277 shares of the company’s stock valued at $27,000 after buying an additional 1,932 shares during the period. SBI Securities Co. Ltd. lifted its stake in Freshworks by 136.2% in the third quarter. SBI Securities Co. Ltd. now owns 2,745 shares of the company’s stock valued at $32,000 after buying an additional 1,583 shares during the period. Cullen Frost Bankers Inc. acquired a new position in Freshworks in the fourth quarter valued at about $36,000. Finally, Allworth Financial LP lifted its stake in Freshworks by 479.9% in the fourth 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 during the period. 75.58% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have commented on FRSH. Wall Street Zen downgraded shares of Freshworks from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Piper Sandler lowered their target price on shares of Freshworks from $12.00 to $10.00 and set a “neutral” rating for the company in a research note on Wednesday, February 11th. Needham & Company LLC reaffirmed a “buy” rating and issued a $15.00 target price on shares of Freshworks in a research note on Wednesday, February 11th. Zacks Research raised Freshworks from a “hold” rating to a “strong-buy” rating in a research note on Thursday, May 7th. Finally, Cantor Fitzgerald dropped their price objective on Freshworks from $15.00 to $12.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 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 assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $12.18.

Freshworks Stock Down 0.3%

NASDAQ FRSH opened at $9.38 on Wednesday. Freshworks Inc. has a 12-month low of $6.79 and a 12-month high of $16.05. The company has a market capitalization of $2.59 billion, a PE ratio of 15.13 and a beta of 0.89. The firm’s 50 day moving average is $8.72 and its 200-day moving average is $9.76.

Freshworks (NASDAQ:FRSH) last posted its quarterly earnings data 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 during the quarter, compared to the consensus estimate of $223.64 million. Freshworks had a net margin of 20.69% and a return on equity of 4.27%. The company’s quarterly revenue was up 16.5% on a year-over-year basis. During the same period in the prior year, the business posted $0.18 EPS. 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 expect that Freshworks Inc. will post -0.02 EPS for the current year.

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.