Barry Padgett Sells 6,618 Shares of Freshworks (NASDAQ:FRSH) Stock

Freshworks Inc. (NASDAQ:FRSH) Director Barry Padgett sold 6,618 shares of the business’s stock in a transaction that occurred on Wednesday, July 1st. The shares were sold at an average price of $10.49, for a total value of $69,422.82. Following the completion of the sale, the director owned 47,270 shares of the company’s stock, valued at $495,862.30. The trade was a 12.28% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Freshworks Price Performance

Shares of NASDAQ FRSH opened at $10.34 on Friday. The stock has a market capitalization of $2.86 billion, a P/E ratio of 16.68 and a beta of 0.88. Freshworks Inc. has a 1-year low of $6.79 and a 1-year high of $15.47. The business has a fifty day moving average price of $9.19 and a 200 day moving average price of $9.41.

Freshworks (NASDAQ:FRSH) last released its quarterly earnings results on Tuesday, May 5th. The company reported $0.11 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.11. Freshworks had a net margin of 20.69% and a return on equity of 4.27%. The business had revenue of $228.63 million for the quarter, compared to analyst estimates of $223.63 million. During the same period in the previous year, the company earned $0.18 earnings per share. 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. As a group, equities research analysts anticipate that Freshworks Inc. will post -0.02 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. IFP Advisors Inc grew its position in shares of 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 acquiring an additional 1,948 shares during the period. Summit Securities Group LLC acquired a new position in Freshworks in the 4th quarter worth about $26,000. Cullen Frost Bankers Inc. acquired a new position in Freshworks in the 4th quarter worth about $36,000. Allworth Financial LP boosted its position in Freshworks by 479.9% during the fourth quarter. Allworth Financial LP now owns 3,201 shares of the company’s stock worth $39,000 after purchasing an additional 2,649 shares in the last quarter. Finally, Meeder Asset Management Inc. boosted its position in Freshworks by 164.0% during the first quarter. Meeder Asset Management Inc. now owns 6,156 shares of the company’s stock worth $49,000 after purchasing an additional 3,824 shares in the last quarter. Institutional investors and hedge funds own 75.58% of the company’s stock.

Analyst Upgrades and Downgrades

FRSH has been the topic of a number of research reports. Wall Street Zen lowered Freshworks from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Zacks Research raised shares of Freshworks from a “hold” rating to a “strong-buy” rating in a research report on Thursday, May 7th. Morgan Stanley decreased their price objective on shares of Freshworks from $15.00 to $13.00 and set an “equal weight” rating for the company in a research note on Monday, May 11th. Weiss Ratings downgraded shares of Freshworks from a “sell (d+)” rating to a “sell (d)” rating in a report on Thursday, May 7th. Finally, Oppenheimer cut shares of Freshworks from an “outperform” rating to a “market perform” rating in a report on Thursday, March 19th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $12.18.

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.