Entropy Technologies LP Acquires New Shares in Freshworks Inc. $FRSH

Entropy Technologies LP acquired a new position in shares of Freshworks Inc. (NASDAQ:FRSH) in the 1st quarter, HoldingsChannel.com reports. The fund acquired 63,674 shares of the company’s stock, valued at approximately $511,000.

A number of other institutional investors also recently bought and sold shares of the company. Amundi grew its holdings in Freshworks by 1.3% in the first quarter. Amundi now owns 80,074 shares of the company’s stock valued at $1,049,000 after purchasing an additional 1,040 shares during the last quarter. IFP Advisors Inc raised its stake in shares of 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 buying an additional 1,948 shares during the last quarter. Focus Partners Wealth raised its stake in shares of 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 buying an additional 2,086 shares during the last quarter. Canada Pension Plan Investment Board boosted its position in shares of Freshworks by 0.8% in the 2nd quarter. Canada Pension Plan Investment Board now owns 267,900 shares of the company’s stock worth $3,994,000 after buying an additional 2,100 shares in the last quarter. Finally, Summit Securities Group LLC purchased a new stake in shares of Freshworks in the 4th quarter worth about $26,000. 75.58% of the stock is currently owned by hedge funds and other institutional investors.

Freshworks Stock Performance

Shares of FRSH opened at $11.61 on Thursday. The stock has a fifty day moving average of $9.89 and a two-hundred day moving average of $9.19. The company has a market capitalization of $3.21 billion, a PE ratio of 18.73 and a beta of 0.88. Freshworks Inc. has a fifty-two week low of $6.79 and a fifty-two week high of $14.29.

Freshworks (NASDAQ:FRSH) last posted its quarterly earnings data 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 return on equity of 4.27% and a net margin of 20.69%.The business had revenue of $228.63 million for the quarter, compared to analysts’ expectations of $223.63 million. During the same quarter last year, the firm earned $0.18 earnings per share. The business’s revenue 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 forecast that Freshworks Inc. will post -0.02 earnings per share for the current fiscal year.

Insider Activity at Freshworks

In other Freshworks news, CAO Philippa Lawrence sold 10,530 shares of Freshworks stock in a transaction dated Wednesday, June 17th. The stock was sold at an average price of $9.18, for a total value of $96,665.40. Following the completion of the sale, the chief accounting officer owned 465,823 shares in the company, valued at $4,276,255.14. The trade was a 2.21% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Barry L. Padgett sold 6,618 shares of Freshworks stock in a transaction dated 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. This trade represents a 12.28% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 27,236 shares of company stock worth $270,331. 8.54% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several research firms have weighed in on FRSH. Morgan Stanley dropped their target price on shares of Freshworks from $15.00 to $13.00 and set an “equal weight” rating for the company in a report on Monday, May 11th. Citigroup reaffirmed 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 research report on Saturday, May 9th. Weiss Ratings cut shares of Freshworks from a “sell (d+)” rating to a “sell (d)” rating in a research note on Thursday, May 7th. Finally, Guggenheim assumed coverage on Freshworks in a research report on Wednesday, July 22nd. They set a “buy” rating and a $25.00 price objective for the company. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $13.25.

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.