Freshworks Inc. $FRSH Stock Position Cut by Gagnon Advisors LLC

Gagnon Advisors LLC reduced its stake in shares of Freshworks Inc. (NASDAQ:FRSH) by 50.0% during the fourth quarter, Holdings Channel reports. The firm owned 564,879 shares of the company’s stock after selling 564,879 shares during the quarter. Freshworks makes up approximately 4.4% of Gagnon Advisors LLC’s portfolio, making the stock its 10th biggest position. Gagnon Advisors LLC’s holdings in Freshworks were worth $6,920,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in FRSH. IFP Advisors Inc increased its position in Freshworks by 954.9% during 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. Rothschild Investment LLC increased its position in Freshworks by 560.0% during the 3rd quarter. Rothschild Investment LLC now owns 2,277 shares of the company’s stock valued at $27,000 after purchasing an additional 1,932 shares during the period. SBI Securities Co. Ltd. increased its position in Freshworks by 136.2% during the 3rd quarter. SBI Securities Co. Ltd. now owns 2,745 shares of the company’s stock valued at $32,000 after purchasing an additional 1,583 shares during the period. Cullen Frost Bankers Inc. purchased a new position in Freshworks during the fourth quarter valued at $36,000. Finally, Allworth Financial LP lifted its position in Freshworks by 479.9% during 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 owned by hedge funds and other institutional investors.

Freshworks Price Performance

Shares of Freshworks stock opened at $9.44 on Friday. The stock has a market cap of $2.61 billion, a price-to-earnings ratio of 15.23 and a beta of 0.89. The firm’s 50-day moving average is $8.80 and its 200 day moving average is $9.73. Freshworks Inc. has a 1 year low of $6.79 and a 1 year high of $15.54.

Freshworks (NASDAQ:FRSH) last announced its quarterly earnings results on Tuesday, May 5th. The company reported $0.11 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.11. The company had revenue of $228.63 million for the quarter, compared to analysts’ expectations of $223.64 million. Freshworks had a net margin of 20.69% and a return on equity of 4.27%. Freshworks’s revenue was up 16.5% compared to the same quarter last year. During the same quarter in the previous 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. On average, equities analysts expect that Freshworks Inc. will post -0.02 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have recently weighed in on FRSH shares. Citigroup reaffirmed a “market outperform” rating on shares of Freshworks in a research report on Tuesday, June 2nd. Oppenheimer cut shares of Freshworks from an “outperform” rating to a “market perform” rating in a research report on Thursday, March 19th. 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 research note on Monday, May 11th. Zacks Research raised shares of Freshworks from a “hold” rating to a “strong-buy” rating in a research note on Thursday, May 7th. Finally, Jefferies Financial Group lowered shares of Freshworks from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $20.00 to $8.00 in a research note on Monday, February 23rd. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $12.18.

Freshworks 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.