Ceera Investments LLC Has $2.95 Million Stake in Freshworks Inc. $FRSH

Ceera Investments LLC trimmed its position in Freshworks Inc. (NASDAQ:FRSH) by 12.4% during the first quarter, HoldingsChannel.com reports. The firm owned 367,198 shares of the company’s stock after selling 51,865 shares during the quarter. Freshworks accounts for approximately 1.3% of Ceera Investments LLC’s investment portfolio, making the stock its 25th biggest holding. Ceera Investments LLC’s holdings in Freshworks were worth $2,949,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Amundi grew its holdings in shares of Freshworks by 1.3% during the first quarter. Amundi now owns 80,074 shares of the company’s stock worth $1,049,000 after buying an additional 1,040 shares in the last quarter. Moody National Bank Trust Division lifted its stake in Freshworks by 4.1% in the 4th quarter. Moody National Bank Trust Division now owns 46,695 shares of the company’s stock valued at $572,000 after acquiring an additional 1,823 shares in the last quarter. IFP Advisors Inc boosted its position in Freshworks by 954.9% during the 4th quarter. IFP Advisors Inc now owns 2,152 shares of the company’s stock worth $26,000 after acquiring an additional 1,948 shares during the last quarter. Focus Partners Wealth boosted its position in Freshworks by 20.2% during the 1st quarter. Focus Partners Wealth now owns 12,399 shares of the company’s stock worth $175,000 after acquiring an additional 2,086 shares during the last quarter. Finally, Canada Pension Plan Investment Board grew its stake in shares of Freshworks by 0.8% during the 2nd quarter. Canada Pension Plan Investment Board now owns 267,900 shares of the company’s stock worth $3,994,000 after acquiring an additional 2,100 shares in the last quarter. 75.58% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Freshworks

In other Freshworks news, Director Barry L. Padgett sold 6,618 shares of the firm’s stock in a transaction on Wednesday, July 1st. The stock was sold at an average price of $10.49, for a total transaction 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. This trade represents a 12.28% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Philippa Lawrence sold 3,470 shares of Freshworks stock in a transaction on Monday, July 6th. The stock was sold at an average price of $10.13, for a total transaction of $35,151.10. Following the transaction, the chief accounting officer directly owned 456,144 shares of the company’s stock, valued at approximately $4,620,738.72. This trade represents a 0.75% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 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. Insiders sold 27,236 shares of company stock valued at $270,331 in the last quarter. 8.54% of the stock is currently owned by insiders.

Analyst Ratings Changes

FRSH has been the topic of a number of recent research reports. Morgan Stanley lowered their price objective on shares of Freshworks from $15.00 to $13.00 and set an “equal weight” rating on the stock in a report on Monday, May 11th. Wall Street Zen cut shares of Freshworks from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Zacks Research downgraded shares of Freshworks from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 10th. Citigroup reiterated a “market outperform” rating on shares of Freshworks in a research note on Tuesday, June 2nd. Finally, Weiss Ratings cut shares of Freshworks from a “sell (d+)” rating to a “sell (d)” rating in a research report on Thursday, May 7th. Six investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Freshworks currently has an average rating of “Hold” and a consensus price target of $12.18.

Freshworks Stock Down 0.5%

Shares of NASDAQ FRSH opened at $10.89 on Friday. The business’s 50 day moving average price is $9.58 and its two-hundred day moving average price is $9.28. The company has a market cap of $3.01 billion, a PE ratio of 17.56 and a beta of 0.88. Freshworks Inc. has a twelve month low of $6.79 and a twelve month high of $15.06.

Freshworks (NASDAQ:FRSH) last issued its earnings results on Tuesday, May 5th. The company reported $0.11 EPS for the quarter, hitting the consensus estimate of $0.11. The company had revenue of $228.63 million during the quarter, compared to the consensus estimate of $223.63 million. Freshworks had a return on equity of 4.27% and a net margin of 20.69%.The firm’s revenue for the quarter was up 16.5% compared to the same quarter last year. During the same period in the previous year, the company 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, research analysts anticipate that Freshworks Inc. will post -0.02 EPS for the current fiscal year.

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.