Freshworks (NASDAQ:FRSH) CAO Philippa Lawrence Sells 10,530 Shares

Freshworks Inc. (NASDAQ:FRSH) CAO Philippa Lawrence sold 10,530 shares of the stock in a transaction that occurred on Wednesday, June 17th. The shares were sold at an average price of $9.18, for a total value of $96,665.40. Following the sale, the chief accounting officer directly owned 465,823 shares of the company’s stock, valued at $4,276,255.14. The trade was a 2.21% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Freshworks Stock Down 1.3%

Freshworks stock traded down $0.12 during mid-day trading on Thursday, reaching $8.86. 22,109,670 shares of the company’s stock were exchanged, compared to its average volume of 8,726,180. The business’s fifty day simple moving average is $8.86 and its 200 day simple moving average is $9.65. Freshworks Inc. has a one year low of $6.79 and a one year high of $15.47. The firm has a market capitalization of $2.45 billion, a PE ratio of 14.29 and a beta of 0.89.

Freshworks (NASDAQ:FRSH) last announced its quarterly earnings data on Tuesday, May 5th. The company reported $0.11 earnings per share (EPS) for the quarter, meeting 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 the consensus estimate of $223.63 million. During the same quarter in the prior year, the company earned $0.18 EPS. The business’s revenue for the quarter 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, sell-side analysts forecast that Freshworks Inc. will post -0.02 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on FRSH shares. Oppenheimer lowered shares of Freshworks from an “outperform” rating to a “market perform” rating in a research report on Thursday, March 19th. Morgan Stanley dropped their target price 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. Jefferies Financial Group downgraded shares of Freshworks from a “buy” rating to a “hold” rating and reduced their target price for the company from $20.00 to $8.00 in a research report on Monday, February 23rd. Wall Street Zen lowered shares of Freshworks from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Finally, Weiss Ratings cut shares of Freshworks from a “sell (d+)” rating to a “sell (d)” rating in a report on Thursday, May 7th. 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 issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $12.18.

Hedge Funds Weigh In On Freshworks

Several large investors have recently modified their holdings of FRSH. Balyasny Asset Management L.P. purchased a new stake in shares of Freshworks during the 4th quarter valued at approximately $31,967,000. Norges Bank purchased a new position in Freshworks in the 4th quarter valued at approximately $31,873,000. Renaissance Technologies LLC grew its stake 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 buying an additional 2,021,412 shares in the last quarter. Jupiter Asset Management Ltd. raised its holdings in Freshworks by 1,528.6% during the 4th quarter. Jupiter Asset Management Ltd. now owns 1,708,811 shares of the company’s stock valued at $20,933,000 after acquiring an additional 1,603,887 shares during the period. Finally, Qube Research & Technologies Ltd raised its holdings in Freshworks by 132.6% during the 3rd quarter. Qube Research & Technologies Ltd now owns 2,790,166 shares of the company’s stock valued at $32,840,000 after acquiring an additional 1,590,384 shares during the period. Hedge funds and other institutional investors own 75.58% of the company’s stock.

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.