Freshworks (NASDAQ:FRSH) Sees Strong Trading Volume – What’s Next?

Freshworks Inc. (NASDAQ:FRSH) shares saw unusually-strong trading volume on Wednesday . 27,078,604 shares traded hands during trading, an increase of 149% from the previous session’s volume of 10,858,627 shares.The stock last traded at $10.3050 and had previously closed at $10.38.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. Zacks Research raised Freshworks from a “hold” rating to a “strong-buy” rating in a report on Thursday, May 7th. Oppenheimer downgraded Freshworks from an “outperform” rating to a “market perform” rating in a research note on Thursday, March 19th. Citigroup reiterated a “market outperform” rating on shares of Freshworks in a report on Tuesday, June 2nd. Wall Street Zen lowered shares of Freshworks from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Finally, Weiss Ratings downgraded shares of Freshworks from a “sell (d+)” rating to a “sell (d)” rating in a research note on Thursday, May 7th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Freshworks has a consensus rating of “Hold” and a consensus price target of $12.18.

Freshworks Stock Performance

The stock’s 50 day moving average price is $9.27 and its 200 day moving average price is $9.36. The company has a market capitalization of $2.85 billion, a P/E ratio of 16.62 and a beta of 0.88.

Freshworks (NASDAQ:FRSH) last released its earnings results on Tuesday, May 5th. The company reported $0.11 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.11. The business had revenue of $228.63 million for the quarter, compared to analyst estimates of $223.63 million. Freshworks had a net margin of 20.69% and a return on equity of 4.27%. Freshworks’s revenue for the quarter was up 16.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.18 earnings per share. 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, analysts expect that Freshworks Inc. will post -0.02 earnings per share for the current fiscal year.

Insider Activity at Freshworks

In other news, CAO Philippa Lawrence sold 3,470 shares of Freshworks stock in a transaction on Monday, July 6th. The shares were sold at an average price of $10.13, for a total value of $35,151.10. Following the completion of the sale, the chief accounting officer owned 456,144 shares in the company, valued at $4,620,738.72. The trade was a 0.75% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Jennifer H. Taylor sold 6,618 shares of the business’s stock in a transaction on Thursday, July 2nd. The shares were sold at an average price of $10.44, for a total transaction of $69,091.92. Following the transaction, the director owned 62,673 shares in the company, valued at $654,306.12. The trade was a 9.55% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 27,236 shares of company stock worth $270,331 in the last 90 days. Corporate insiders own 8.54% of the company’s stock.

Institutional Trading of Freshworks

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in Freshworks by 3.5% during the 4th quarter. Vanguard Group Inc. now owns 27,240,469 shares of the company’s stock worth $333,696,000 after buying an additional 922,549 shares during the period. Wellington Management Group LLP increased its holdings in shares of Freshworks by 9.2% during the fourth quarter. Wellington Management Group LLP now owns 5,359,784 shares of the company’s stock valued at $65,657,000 after acquiring an additional 453,627 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Freshworks by 1.9% during the fourth quarter. Geode Capital Management LLC now owns 5,126,112 shares of the company’s stock worth $62,805,000 after purchasing an additional 95,720 shares during the period. State Street Corp raised its position in shares of Freshworks by 1.2% during the fourth quarter. State Street Corp now owns 4,904,684 shares of the company’s stock worth $60,082,000 after purchasing an additional 56,935 shares during the period. Finally, Fuller & Thaler Asset Management Inc. lifted its holdings in shares of Freshworks by 11.2% in the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 4,748,985 shares of the company’s stock worth $58,175,000 after purchasing an additional 478,473 shares in the last quarter. 75.58% of the stock is owned by institutional investors.

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.